Question: Book - Tax Difference Reporting on the Schedule M - 3 ( 3 0 pts ) The following is a typical template for book -

Book-Tax Difference Reporting on the Schedule M-3(30 pts)
The following is a typical template for book-tax differences, which somewhat mimics Schedule M-3. The numbers used for financial reporting are provided in the first column and additional information is provided below. Use the second column to report temporary BTDs, the third column to report permanent BTDs, and the last column to sum the total amount to report on the tax return.
\table[[Income (Loss) Item,\table[[Income (Loss) per],[Income Statement]],\table[[Temp],[Difference]],\table[[Perm],[Difference]],\table[[Income (Loss)],[per Tax Return]]],[Interest Income,5,500,0,(2500),3000],[Depreciation,(2,000),500,0,(1500)
Book - Tax Difference Reporting on the Schedule M

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