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Kedzie Company determined that the book basis of its liability for other postretirement benefits (OPEB) exceeded the tax basis of this account by $10,000,000. This
- Kedzie Company determined that the book basis of its liability for "other postretirement benefits" (OPEB) exceeded the tax basis of this account by $10,000,000. This basis difference is characterized as:
a. Unfavorable permanent difference.
b. Taxable temporary difference.
c. Deductible temporary difference.
d. Favorable permanent difference.
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Managerial Accounting for the Hospitality Industry
Authors: Lea R. Dopson, David K. Hayes
2nd edition
978-1-119-2996, 1119299659, 978-1119386223
