You are assisting LipidCo, a U.S. corporation subject to GAAP, to determine its current-year book expense for income taxes. The following represent the steps that you will take in making this computation. Put the steps into the correct order.
A. Compute the deferred tax provision.
B. Determine book income before income tax effects. C. Determine the current tax provision.
D. Determine whether a valuation allowance is required, and apply or release it. E. Identify and measure temporary book-tax differences.
F. Prepare the disclosures for the financial statement footnotes. G. Add/Subtract any permanent book-tax differences.

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The Answer of You are assisting LipidCo, a U.S. corporation subject to GAAP, to determine its current-year book expense for income taxes. The following represent the steps that you will take in making this computation. Put the steps into the correct order.
A. Compute the deferred tax provision.
B. Determine book income before income tax effects. C. Determine the current tax provision.
D. Determine whether a valuation allowance is required, and apply or release it. E. Identify and measure temporary book-tax differences.
F. Prepare the disclosures for the financial statement footnotes. G. Add/Subtract any permanent book-tax differences.

You Are Assisting LipidCo, a U