Question: Two independent situtions are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: The enacted tax rate is 35%

Two independent situtions are described below. Each involves future deductible amounts

Two independent situtions are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: The enacted tax rate is 35% for both situations. Required: For each situation determine the

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