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Exercise 16-10(Algo) Calculate income tax amounts under various circumstances; financial statement effects [L016-2,16-3] ...

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Accounting

Exercise 16-10(Algo) Calculate income tax amounts under various circumstances; financial statement effects [L016-2,16-3]
Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences:
\table[[,\table[[($ in thousands)],[Situation]]],[,1,2,,3,4],[Taxable income,$128,$260,$,284,$392
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