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When accounting for income taxes, Fox Co. had a single book-tax difference. Which of the following scenarios would indicate that Fox had a permanent difference?

When accounting for income taxes, Fox Co. had a single book-tax difference. Which of the following scenarios would indicate that Fox had a permanent difference?

A deferred tax asset is debited
Income tax expense is less than income tax payable
Income tax expense is equal to income tax payable
A deferred tax liability is credited

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