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
(1.) $ 24,000
(2.) $ 24,000
(3.) $ 24,000 $ 15,800
(4.) $ 15,800 $ 24,000 $ 5,800 $ 10,800

Required: For each situation, determine the taxable income assuming pretax accounting income is $100,000. (Amounts to be deducted should be indicated by a minus sign.) Four independent situations are described below. Each involves future deductible amounts and/or

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