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Which of the following circumstances creates a future taxable amount? Multiple Choice Service fees collected in advance from customers: taxable when received, recognized for financial
Which of the following circumstances creates a future taxable amount? Multiple Choice Service fees collected in advance from customers: taxable when received, recognized for financial reporting when earned. Accrued compensation costs for future payments. Straight-line depreciation for financial reporting and accelerated depreciation for tax reporting. Investment expenses incurred to obtain tax-exempt Income (not tax deductible)
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