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Unformatted text preview: 210000 net income 315000 pretax financial income 525000 temportary difference originating giving rise to net future taxable amounts 120000 taxable income 405000 Melissa C Pearcy Week 3 IND 2002 Income tax refund receivable 72000 benefit due to loss carryback 72000 2003 Income tax refund receivable 32000 benefit due to loss carryback 32000 2003 continuation deferred tax asset (start carry forward) 120000 benefit due to loss carryforward 120000 2004 Income tax expense 48000 deferred tax asset 48000 2005 Incoem tax expense 40000 deferred tax asset 40000...
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This note was uploaded on 08/02/2009 for the course ACC 423 ACC423 taught by Professor Fisher during the Summer '09 term at University of Phoenix.
- Summer '09