Question: What are permanent tax differences? Create an example of a permanent tax difference and how it is treated on the Company's books and the tax

What are permanent tax differences? Create an example of a permanent

What are permanent tax differences? Create an example of a permanent tax difference and how it is treated on the Company's books and the tax (IRS) books? What are temporary tax differences. When is a deferred tax asset created? When is a differed tax liability created? 1. 2. 3. 4. 5

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