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In 2022, Essex Corporation, a C corporation, has $11,000 of tax- exempt bond interest income that is included in book income, but excluded from
In 2022, Essex Corporation, a C corporation, has $11,000 of tax- exempt bond interest income that is included in book income, but excluded from taxable income. This results in a favorable, permanent book-tax difference. True False
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
