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Which of the following book-tax basis differences results in a taxable temporary difference? Book basis of a fixed asset exceeds its tax basis. Reserve for
- Which of the following book-tax basis differences results in a taxable temporary difference?
- Book basis of a fixed asset exceeds its tax basis.
- Reserve for bad debt expense for book in the current year that did not provide a bad debt tax deduction in the tax return this year.
- Both (a) and (b) result in a taxable temporary difference.
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