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iSccpe Incorporated paid $ 3 , 0 0 0 in interest expense on a loan it used to purchase municipal bonds. What is the nature

iSccpe Incorporated paid $

3, 000

in interest expense on a loan it used to purchase municipal bonds. What is the nature of the book

-

tax difference relating to this expense?

Multiple Choice

Temporary; favorable

Permanent; unfavorable

Temporary; unfavorable

Permanent; favorable

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