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A favorable book-tax difference is one that favors the IRS. (True or False) A permanent book-to-tax difference is A) a difference that reverses some time

A favorable book-tax difference is one that favors the IRS. (True or False)

A permanent book-to-tax difference is

A) a difference that reverses some time in the future

B) a difference related to the company's permanent accounts

C) a difference for book or tax, but not both

D) a difference that reverses after 10 years

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