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Brighton Corporation's taxable Income differed from its accounting income in 2016. Which of the following would create a permanent difference between the accounting books and
Brighton Corporation's taxable Income differed from its accounting income in 2016. Which of the following would create a permanent difference between the accounting books and the tax return? a. A balance in the account Accrued Warranty Liability b. Using MACRS for tax purposes and straight line for financial reporting purposes. c. Using the equity method of accounting for financial reporting d. Deduction for Dividends earned from investments in US based corporate stock
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