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W Since Knepp has raised the issue of SPAS No. 109, access the FASB Codification and read the information describing the framework now used in

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W Since Knepp has raised the issue of SPAS No. 109, access the FASB Codification and read the information describing the framework now used in accounting for income taxes. Write a memo that you can take to Conner and Martin describing the change in focus from the income statement to the balance sheet. Describe the concepts of permanent and temporary differences. Give two examples of each and how they reflect the new focus

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