1. What events create non temporary or permanent differences between accounting income and taxable income? What effect...
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Question:
1. What events create non temporary or permanent differences between accounting income and taxable income? What effect do these events have on the determination of income taxes payable and deferred income taxes?
2. Identify three examples of permanent differences between accounting income andtaxable income
3. How are deferred tax assets and deferred tax liabilities reported on a classified balance sheet?
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