Question: Four Independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: 5. in thousands ) Texable income

 Four Independent situations are described below. Each involves future deductible amounts

Four Independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: 5. in thousands ) Texable income Future deductible amount Future taxable amounts Balance(s) at beginning of the years Deferred tax asset Deferred tax liability The enacted tax rate is 25% Required: For each situation determine the following: (Enter your answers in thousands rounded to one decimal place de 1.200 should be entered as 1.2). Negative amounts should be indicated by a minus sign. Leave no cell blank, enter "0" wherever applicable.) Situation Income tax payable currently bDeferred to assetending balance Deferred tax change Deferred tax liability-anding balance Deferred tax liability change Income tax expense

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