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Margery Corp. received $100,000 in interest from a bank this year, $80,000 of municipal bond interest. Margery Corp. paid $5,000 of interest expense on loans
Margery Corp. received $100,000 in interest from a bank this year, $80,000 of municipal bond interest. Margery Corp. paid $5,000 of interest expense on loans it secured to purchase the municipal bonds.
What is the total, net BTD associated with these investments?
Group of answer choices
$75,000 favorable, permanent
$85,000 favorable, permanent
$80,000 favorable, permanent
$85,000 favorable, temporary
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