McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

تمرين 23

Davison Company determined that the book basis of its office building exceeded the tax basis by $800,000.This basis difference is properly characterized as:
a.Permanent difference
b.Taxable temporary difference
c.Deductible temporary difference
d.Favorable book-tax difference
e.Both B and D are correct