Question: Why are there differences between taxable and financial income? 2. What are some examples of permanent and temporary differences? 3. Why do these differences exist?

  1. Why are there differences between taxable and financial income?

2. What are some examples of permanent and temporary differences?

3. Why do these differences exist? How do they affect financial statements?

4. do you think the proposed tax changes will have an impact on the accounting for income taxes?

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