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Question : Based on the facts and results of


Based on the facts and results of Problems 30-32, determine Relix's change in net deferred tax asset or net deferred tax liability for the current year. Provide the journal entry to record this amount.




Based on the facts and results of Problems 30-32, -1

Data from Problem 30:

Relix, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year. Based on this information, determine Relix's net deferred tax asset or net deferred tax liability at year-end. Assume a 21% Federal corporate tax rate and no valuation allowance.




Based on the facts and results of Problems 30-32, -2

Data from Problem 31:

Based on the facts and results of Problem 30 and the beginning-of-the year book-tax basis differences listed below, determine the change in Relix's deferred tax assets for the current year.




Based on the facts and results of Problems 30-32, -3

Data from Problem 32:

Based on the facts and results of Problem 30 and the beginning-of-the-year book-tax basis differences listed below, determine the change in Relix's deferred tax liabilities for the current year.




Based on the facts and results of Problems 30-32, -4