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A major distinction between temporary and permanent differences is Select one: A. temporary differences occur frequently, whereas permanent differences occur only once. B. permanent differences
A major distinction between temporary and permanent differences is Select one: A. temporary differences occur frequently, whereas permanent differences occur only once. B. permanent differences are not representative of acceptable accounting practice. C. temporary differences reverse themselves in subsequent accounting periods, whereas permanent differences do not reverse. D. once an item is determined to be a temporary difference, it maintains that status; however, a permanent difference can change in status with the passage of time
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