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voility (450 000X21% 19. Give an example of an item that would cause a permanent difference between financial statement net income and taxable income. Choose

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voility (450 000X21% 19. Give an example of an item that would cause a permanent difference between financial statement net income and taxable income. Choose one item and explain it in the format below. Be specific for credit 900 Description of Item Would item you described be added or (subtracted from pre-tax FS NI to arrive at adjusted pre-tax ES NI What is the no# of periods affected by the difference in other words, would income tax expense be high What is the impact on income tax expense C+ or result of the item Explain fully

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