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miskamm [114]
4 years ago
11

A difference between book income and tax income that __________ (increases / decreases) taxable income in the current year but w

ill __________ (reduce / increase) taxable income in a future year is a(n) ________ book-tax difference.
Business
1 answer:
LuckyWell [14K]4 years ago
5 0

Answer:

Temporary difference

Explanation:

The reason is that the temporary difference is due to allowable and disallowable expenses and returns for some period which in later years equals to the allowable or disallowable incomes and expenses. This is all because of the temporary differences.

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most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. h
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2 years ago
Harrison Forklift's pension expense includes a service cost of $27 million. Harrison began the year with a pension liability of
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6 0
3 years ago
You own a small manufacturing business that produces widgets. You have spent $150,000 acquiring the fixed assets you need to pro
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Answer:

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Explanation:

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