d) Describe what is meant by the phrase favorable book-tax difference and use two common,

specific examples (one for a revenue item, and one for an expense item) to walk a reader step-by

step through your explanation of the phrase. Describe what is meant by the phrase unfavorable

book-tax difference and use two common, specific examples (one for a revenue item, and one for

an expense item) to walk a reader step-by-step through your explanation of the phrase. In

addition, briefly explain the difference between a permanent book-tax difference and a temporary

book-tax difference.