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Prepare a schedule indicating the origination

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Reference no: EM13342537

The following information is for Hulk Gyms' first year of operations. Amounts are in millions of dollars. The enacted tax rate is 30%.

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Required:

1. Prepare a  schedule indicating the origination of the DTA/DTL and its reversal.

2.  prepare a compound journal entry to record the income tax expense for the year 2011.

Reference no: EM13342537

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