Question: Tax Drill - Temporary or Permanent Differences Indicate whether the following items are Temporary or Permanent differences. Nondeductible expenses Tax credits Net operating losses Intangible

Tax Drill - Temporary or Permanent Differences

Indicate whether the following items are "Temporary" or "Permanent" differences.

  1. Nondeductible expenses
  2. Tax credits
  3. Net operating losses
  4. Intangible assets
  5. Depreciation on fixed assets

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