Monro Inc.uses the accrual method of accounting.Here is a reconciliation of Monro's allowance for bad debts for the current year. 
Because of the difference between the GAAP and the tax rules for accounting for bad debts,Monro Inc.has an:
A) $8,500 permanent excess of book income over taxable income.
B) $8,500 permanent excess of taxable income over book income.
C) $8,500 temporary excess of taxable income over book income.
D) $8,500 temporary excess of book income over taxable income.
Correct Answer:
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