Question: Temporary differences result in future taxable or deductible amounts when the related asset or liability is recovered or settled. Some differences, though, are not temporary.

Temporary differences result in future taxable or
Temporary differences result in future taxable or deductible amounts when the related asset or liability is recovered or settled. Some differences, though, are not temporary. What events create temporary differences? What events create permanent differences? Using an event at your own company or a company you are familiar with, provide an example of temporary and permanent differences

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