Question: Warsham cannot recognize its $ 1 8 3 , 0 0 0 realized loss on sale on its current year tax return. Warsham does not
Warsham cannot recognize its $ realized loss on sale on its current year tax return.
Warsham does not report the $ realized loss on its current year financial statements.
The $ loss is an unfavorable temporary difference between Warsham's book and tax income.
Both Warsham cannot recognize its $ realized loss on sale on its current year tax return and the $ loss is an unfavorable temporary difference between Warsham's book and
tax income is true.
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