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Which of the following statements regarding book/tax differences is false? O A) A temporary book/tax difference affects two or more tax years. B) The tax
Which of the following statements regarding book/tax differences is false? O A) A temporary book/tax difference affects two or more tax years. B) The tax cost or benefit of a permanent book/tax difference is recouped over time. C) A permanent book/tax difference affects only the year in which it occurs. D) Temporary book/tax differences arising in the current tax year will reverse in the future in one or more tax years
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