Question: LO 1 8 . 4 A permanent difference is a difference between pretax financial income and taxable income in an accounting period that will never

18.4

A permanent difference is a difference between pretax financial income and taxable income in an accounting period that will never reverse in a later period. Which of the following is not an example of a permanent difference?

.

fine for air pollution

.

percentage depletion in excess of cost depletion on a wasting asset

.

interest on municipal bonds

.

rent received in advance

LO 1 8 . 4 A permanent difference is a difference

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