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Assume Maple Corporation has just completed the third year of its existence (year 3). The table below indicates Maple's ending book inventory for each year
Assume Maple Corporation has just completed the third year of its existence (year 3). The table below indicates Maple's ending book inventory for each year and the additional 5263A costs it was required to include in its ending inventory Maple immediately expensed these costs for book purposes. In year 2 . Maple sold all of its year 1 ending inventory, and in year 3 it sold all of its year 2 ending irventory. Required: 0. What book-tax difference associated with its inventory did Maple report in year t? Was the difference favorable or unfavorable? Was it permanent or temporary? b. What book-tax difference associated with its inventory did Maple report in year 2? Was the difference favorable or unfavorable? Was it permanent or temporary? c. What book-tax difference associated with its inventory did Maple report in year 3 ? Was the difference favorable or unfavorable? Was it permanent or temporary? Complete this question by entering your answers in the tabs below. What book-tax sfference associated with ies imventory did Mapen ieport in year 17 was the difference favorable or untavorable? Was it permanent or ternporary? Assume Maple Corporation has just completed the third year of its existence (year 3). The table below indicates Maple's ending book inventory for each year and the additional $263A costs it was required to include in its ending inventory. Maple immediately expensed these costs for book purposes. In year 2. Maple sold all of its year 1 ending inventory, and in year 3 it sold all of its year 2 ending inventory. Required: 0. What book-tax difference associated with its inventory did Maple report in year 1? Was the difference favorable or unfavorable? Was it permanent or temporary? b. What book-tax difference associated with its inventory did Mople repont in year 2 ? Was the difference favorable or unfavorable? Was it permanent or temporary? c. What book-tax difference associated with its itrventory did Mople report in year 3 ? Was the difference favorable or unfavorable? Was it permanent or temporary? Complete this question by entering your answers in the tabs below. What book-tax difference associated with its inventory did Mapto report in yoar 27 was the difference favorable or unfavorable? Was it permanent or temporary? Assume Maple Corporation has just completed the third year of its existence (year 3). The table below indicates Maple's ending book nventory for each year and the additional 5263A costs it was required to include in its ending inventory. Maple immediately expensed these costs for book purposes, In year 2 , Maple sold all of its year 1 ending inventory, and in year 3 it sold all of its year 2 ending inventory. Required: 0. What book-tax difference associated with its inventory did Maple report in year 1 ? Was the difference favorable or unfavorable? Was it permanent or temporary? b. What book-tax difference associated with its inventory did Maple report in year 2? Was the difference favorable or unfavorable? Was it permanent or temporary? c. What book-tax difference associated with its inventory did Maple report in year 3 ? Was the difference favorable or unfavorable? Was it permanent or temporary? Complete this question by entering your answers in the tabs below. What book-tax difference associated with its inventory did Maple report in year 37 was the difference favorable or unfavorable? Was it permanent or temporary
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