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Indicate and explain whether the following situation should be treated as a temporary difference or a permanent difference and support your answer pretax accounting income
Indicate and explain whether the following situation should be treated as a temporary difference or a permanent difference and support your answer
pretax accounting income and taxable income differ because 80% of dividends received from US corporations was deducted from taxable income, while 100% of dividends received was reported for financial statement purposes.
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