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Basic Question 2 of 13
Which of the following causes a permanent difference between taxable income and accounting profit?
B. MACRS depreciation used for plant assets
C. Interest income on municipal securities
A. Advance collection of revenues
B. MACRS depreciation used for plant assets
C. Interest income on municipal securities
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
explain how deferred tax liabilities and assets are created and the factors that determine how a company's deferred tax liabilities and assets should be treated for the purposes of financial analysis
CFA® 2025 Level I Curriculum, Volume 3, Module 9.