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Below is a listed of items that are accounted for differently for financial reporting purposes than they are for tax purposes. For each situation below,
Below is a listed of items that are accounted for differently for financial reporting purposes than they are for tax purposes. For each situation below, indicate whether it involves:(1) A temporary difference that will result in future deductible amounts and, therefore, will usuallygive rise to a deferred income tax asset.(2) A temporary difference that will result in future taxable amounts and, therefore, will usually giverise to a deferred income tax liability.(3) A permanent difference
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