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Which of the following is a true statement for a corporation? A. Payment of key person life insurance premiums creates temporary differences between book and
Which of the following is a true statement for a corporation?
A. Payment of key person life insurance premiums creates temporary differences between book and taxable income.
B. Entertainment expenses create temporary differences between book and taxable income.
C. Depreciation creates temporary differences between book and taxable income.
D. Corporate taxpayers do not have to consider permanent and temporary differences.
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