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After you have read the material on temporary and permanent tax differences, give an example of a transaction that is handled differently for GAAP than

After you have read the material on temporary and permanent tax differences, give an example of a transaction that is handled differently for GAAP than it is for income taxes. Is it a permanent or a temporary difference and why? If it is temporary, when will the item turn around, or when will the cumulative accounting be the same for book and tax?

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