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Which of the Following Describes a Permanent Difference

Question 56

Multiple Choice

Which of the following describes a permanent difference?


A) A difference that will be corrected in an amended tax return.
B) A difference arising from an uncertain tax position.
C) A fundamental difference in what constitutes revenue or expense for GAAP and tax purposes.
D) A timing difference between the recognition of revenue or expense under GAAP and tax purposes.

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