Question

Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences:
($ in thousands)
Situation
1 2 3 4
Taxable income $ 84 $ 216 $ 196 $ 260
Future deductible amounts 16 20 20
Future taxable amounts 16 16 28
Balance(s) at beginning of the year:
Deferred tax asset 2 9 4
Deferred tax liability 8 2
The enacted tax rate is 25%.
Required:
For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place (i.e. 1,200 should be entered as 1.2). Negative amounts should be indicated by a minus sign. Leave no cell blank, enter "0" wherever applicable.)
Situation
1 2 3 4
a. Income tax payable currently.
b. Deferred tax asset—balance.
c. Deferred tax asset—change.
d. Deferred tax liability—balance.
e. Deferred tax liability—change.
f. Income tax expense.

Answer 1

Answer:

This here just isnt possible

Explanation:

i'm too inexperienced in math im only in 10th grade