Question: Question 1 5 ( 3 . 2 points ) Saved Taxable income differed from accounting income for Johnson Company in fiscal 2 0 2 1

Question 15(3.2 points)
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Taxable income differed from accounting income for Johnson Company in fiscal 2021. One item that could potentially cause a permanent difference would be:
Collected ticket sales for concerts in the year 2022
Straightline depreciation for book vs. MACRS depreciation for Tax
Recognizing revenue under percentage of completion for book, and completed contract for tax
Penalty/fines for failure to pay taxes on time.
Question 1 5 ( 3 . 2 points ) Saved Taxable

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