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The book earnings or net income of a company is often different from the taxable income of a company. There are both temporary differences and
The book earnings or net income of a company is often different from the taxable income of a company. There are both temporary differences and permanent differences between the book income and tax income.
- Compare and contrast temporary and permanent book-tax differences.
- Analyze and identify three permanent differences and describe why they cause book-tax differences.
- Analyze and identify three potential temporary differences and describe why they cause book-tax differences.
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