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plsss sollvee Which one of the following represent permenant difference between accounting incomo and tax income? Interest hoome recolved in advance. Rental income received in
plsss sollvee Which one of the following represent permenant difference between accounting incomo and tax income? Interest hoome recolved in advance. Rental income received in advance. (Nonrefundable rest deposits and lease cancellation payments are rental income whin received.) Royalty hoome recelved in advance. Interest hoome from municipal or state obligations/bonds QUESTION 2 National Corponation had a major casualty loss in Yoar 1. A warehouse building was fully distroied by a ntom. The fair market value of the bulding belore the siorm was $750,000; the fair market value after the storm was $50,000. The adjusted basis of the preperty was 3250,000 . Insurance reimbursemente ameuried to $100,000
plsss sollvee
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