Question: Items that are considered permanent differences a. should be reflected as deferred tax assets on the balance sheet. b. should be reflected as deferred tax

Items that are considered permanent differences

a. should be reflected as deferred tax assets on the balance sheet.

b. should be reflected as deferred tax liabilities on the balance sheet.

c. are items that have been excluded from both tax and financial statement calculation.

d. should not be reflected in the Deferred Tax account.

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