Once an item is determined to be a .
a. Temporary difference, it maintains that status; howeve...
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Business, 05.05.2020 21:58 shawny9979
Once an item is determined to be a .
a. Temporary difference, it maintains that status; however, a permanent difference can change in status with the passage of time
b. Permanent differences are not representative of acceptable accounting practice
c. Temporary differences occur frequently, whereas permanent differences occur only once
d. Temporary differences reverse themselves in subsequent accounting periods, whereas permanent differences do not reverse
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