Prepare a memo that explains the following:

What is schedule m-1 and what is its purpose

How is the information reported on the schedule m-1? (describe the components)

Describe 2 book or tax differences that may be reported on the schedule m-1

When is the schedule m-1 to be prepared?

What is the purpose of the schedule m-3?

How is the information reported on the schedule m-3? (describe the sections or components)

Describe how the schedule m-3 differs from the schedule m-1

what are temporary differences and permanent differences?

additional information:

word doc

APA format with references (min. 2)

800 words