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Archer Corp's income statement reports income from key-man life insurance of $500,000. What type of book-tax difference does this create? a) Unfavorable temporary b) Unfavorable

Archer Corp's income statement reports income from key-man life insurance of $500,000. What type of book-tax difference does this create?

a) Unfavorable temporary

b) Unfavorable permanent

c) Favorable temporary

d) Favorable permanent

e) None

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