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Caesar Corporation reports municipal interest income on their financial statements. What (if any) book-tax difference will result? A) Temporary difference- taxable income greater than book

Caesar Corporation reports municipal interest income on their financial statements. What (if any) book-tax difference will result?

A) Temporary difference- taxable income greater than book income B) Tmporary Difference- book income greater than taxable income C)Permanent difference-book income greater than taxable income D) No difference- municipal interest is taxable income

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