Question: Listed below are items that are commonly accounted for differently for financial reporting purposes than they are for tax purposes. For each item below, indicate
Listed below are items that are commonly accounted for differently for financial reporting purposes than they are for tax purposes.
For each item below, indicate whether it involves:
A temporary difference that will result in future deductible amounts and, therefore, will usually give rise to a deferred incom
tax asset.
A temporary difference that will result in future taxable amounts and, therefore, will usually give rise to a deferred income ta
liability.
A permanent difference.
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