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distinction between temporary and permanent differences is permanent differences are not representative of acceptable accounting practice. temporary differences occur frequently, whereas permanent differences occur only

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distinction between temporary and permanent differences is
permanent differences are not representative of acceptable accounting practice.
temporary differences occur frequently, whereas permanent differences occur only once.
once an item is determined to be a temporary difference, it maintains that status; however, a permanent d hange in status with the passage of time.
temporary differences reverse themselves in subsequent accounting periods, whereas permanent differe wersp
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