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How are temporary book-tax differences related to DTAs and DTLs? Give an example of a temporary book-tax difference. Explain whether it is favorable or unfavorable
How are temporary book-tax differences related to DTAs and DTLs? Give an example of a temporary book-tax difference. Explain whether it is favorable or unfavorable and how it relates to the deferred taxes recorded on the financial statements. You may not use deprecation for your example.
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