From Ex 13-3 choose two items that create book-tax differences and discuss the f

From Ex 13-3 choose two items that create book-tax differences and discuss the following:
Describe the book-tax difference
Is it a permanent or temporary difference? Define permanent and temporary differences.
Is it a favorable or unfavorable difference? What is meant by favorable or unfavorable?
Which category does the difference belong to:
Deductible for book, not for tax
Income for book, not for tax
Income for tax, not for book
Income for tax, not for book
What happens to temporary differences in the long term?

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