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27-11-2022
Social Studies

Answered

Which of the following statements is TRUE regarding book and tax differences?
A. Some book and tax differences are temporary in nature because there are certain events that are not
taxable or deductible for tax purposes.
B. Some book and tax differences are permanent in nature because they reverse in future periods.
C. Book and tax differences are temporary in nature because they reverse in future periods.
D. Different book and tax governing standards create differences between pre-tax book income and
taxable income.

Answer :

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