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Mink Company has the following differences between book income and taxable income: Lobbying expenses $3,000 Municipal bond interest 4,000 Estimated warranty expenses 10,000 Entertainment expenses

Mink Company has the following differences between book income and taxable income: Lobbying expenses $3,000 Municipal bond interest 4,000 Estimated warranty expenses 10,000 Entertainment expenses 8,000 Excess tax depreciation 6,000 What is the total of Mink Company's permanent differences that must be added to book income to arrive at taxable income? a. $3,000 b. $11,000

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