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SFAS No. 109, Accounting for Income Taxes, requires interperiod income tax allocation for temporary differences. Required: a. Define the term temporary difference. b. List the

SFAS No. 109, Accounting for Income Taxes, requires interperiod income tax allocation for temporary differences.

Required:

a. Define the term temporary difference. b. List the examples of temporary differences contained in SFAS No. 109. c. Defend interperiod income tax allocation.

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