Question: Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: Income Statement Tax

Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences reported first on: Income Statement Tax Return Revenue Expense Revenue Expense $ 23, 500 $ 23, 500 N $ 15, 700 $ 23, 500 $ 15, 700 $ 23, 500 $ 10, 700 Required: For each situation, determine the taxable income assuming pretax accounting income is $100,000. Note: Amounts to be deducted should be indicated by a minus sign. E Accounting income Temporary differences: Income statement first: Revenue Expense Tax return first: Revenue Expense Taxable income
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