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a. In a period in which a taxable temporary difference reverses, the reversal will cause taxable income to be financial income. b. If a $38,100 balance in Deferred Tax Asset was computed by use of a 20% rate, the underlying cumulative temporary difference to 5 c. Deferred taxes recorded to account for permanent differences. d. If a taxable temporary difference originates in 202.5, it will cause taxable income for 2025 to be income for 2025 . c. If total tax expense is $49,400 and deferred tax expense is $67,500, then the current portion of the expense computation is refe current tax of $ t. If a corporation's tax return shows taxable income of $100,200 for Year 2 and a tax rate of 20%, how much will appear on the December 31, Year 2, balance sheet for "Income taxes payable" if the company has made estimated tax payments of $18,400 for S g. An increase in the Deferred Tax Liability account on the balance sheet is recorded by a to the Income Tax Expense h. An income statement that reports current tax expense of $85,900 and deferred tax benefit of $23,000 witreport total income of 5 h. An income statement that reports current tax expense of $85,900 and deferred tax benefit of $23,000 will report total income of $ i. A valuation account is needed whenever it is judged to be that a portion of a deferred tax asset realized. j. If the tax return shows total taxes due for the period of $75.800 but the income statement shows total income tax expense of $. the difference of $18,700 is referred to as deferred tax

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