KAR Company sold a building resulting in a capital gain of $15,000.Choose the statement below that best describes what the impact of this is:
A) Accounting income will be reduced by $7,500.
B) There will be a permanent difference of $7,500.
C) There will be a permanent difference of $11,250.
D) There will be a temporary difference of $7,500.
E) There will be a temporary difference of $3,750.
Correct Answer:
Verified
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