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[ The following information applies to the questions displayed below. ] What book tax differences in year 1 and year 2 associated with its capital
The following information applies to the questions displayed below.
What booktax differences in year and year associated with its capital gains and losses would ABD Incorporated report in the following alternative scenarios? Identify each booktax difference as favorable or unfavorable and as permanent or temporary.
Note: Leave no answer blank. Enter zero if applicable and select "Not applicable" if no effect.
e Answer for year only.
Year Years Year
Capital gains $ $ $
Capital losses
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