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The following facts relate to Carla Vista Corporation. Deferred tax liability, January 1,2025,$36,000....

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Accounting

The following facts relate to Carla Vista Corporation.
Deferred tax liability, January 1,2025,$36,000.
Deferred tax asset, January 1,2025,$12,000.
Taxable income for 2025,$126,000.
Cumulative temporary difference at December 31,2025, giving rise to future taxable amounts, $276,000.
Cumulative temporary difference at December 31,2025, giving rise to future deductible amounts, $114,000.
Tax rate for all years, 20%. No permanent differences exist.
The company is expected to operate profitably in the future.
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