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Question : Relix, Inc., is a domestic corporation with


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.




Relix, Inc., is a domestic corporation with the following balance -1