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Woodward Corporation's taxable income differed from its accounting income computed for this past year. An item that would create a permanent difference in accounting and
Woodward Corporation's taxable income differed from its accounting income computed for this past year. An item that would create a permanent difference in accounting and taxable incomes for Woodward would be
Select one:
a.
subscriptions received in advance.
b.
prepaid expenses.
c.
proceeds from life insurance carried by the company on key officers.
d.
bad debt expense recognized using the allowance method.
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