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Which of the following statements regarding book tax difference is true A. Corporations are required to report book tax differences on their income tax returns

Which of the following statements regarding book tax difference is true

A. Corporations are required to report book tax differences on their income tax returns

B. Corporations will eventually recognize the same amount of income for book and tax purposes for income related temporary book tax difference

C. Income excludable for tax purposes usually creates a temporary book tax difference

D. None of these

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