Question: What events create permanent differences? What effect do these have on the determination of income taxes payable? What effect do these have on the determination

What events create permanent differences?
What effect do these have on the determination of income taxes payable?
What effect do these have on the determination of deferred income taxes?
What are three examples of differences with no deferred tax consequences?
How are deferred tax assets and deferred tax liabilities reported in a classified balance sheet?

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