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With regard to reconciling income reported on the financial statements to taxable income, which of the following statements is INCORRECT? a. Only those that result

With regard to reconciling income reported on the financial statements to taxable income, which of the following statements is INCORRECT? a. Only those that result in temporary differences are considered when determining deferred tax amounts for the SFP. b. Only reversible differences are considered. c. All differences between accounting income and taxable income are considered. d. Permanent differences may be added back to or deducted from accounting income.

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