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An example of a temporary difference for tax purposes is: (a) Proceeds from life insurance...

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Accounting

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An example of a temporary difference for tax purposes is: (a) Proceeds from life insurance on officers of a corporation. (b) Interest expense on money borrowed to invest in municipal bonds. (c) Insurance expense for a life insurance policy on officers of a corporation (d) Depreciation expense calculated using the straight line method for book purposes and MACRS for tax purposes

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