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Marmaduke corporation reports fines and penalties as other expenses on its income statement. What book-tax difference will result? A. Permanent difference; book income is greater

Marmaduke corporation reports fines and penalties as other expenses on its income statement. What book-tax difference will result?

A. Permanent difference; book income is greater than taxable income

B. Permanent difference; book income is less than taxable income

C. Temporary difference; book income is less than taxable income

D. Temporary difference; book income is greater than taxable income

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