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Which of the following is NOT a Permanent difference? Nontaxable interest on municipal bonds Fines and penalties Bad debt expense recognized using the allowance method

Which of the following is NOT a Permanent difference?

Nontaxable interest on municipal bonds

Fines and penalties

Bad debt expense recognized using the allowance method for financial reporting purposes, direct write-off method used for tax purposes.

Proceeds from insurance policy on the president of the company.

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