Which of the Following Causes a Permanent Difference Between Taxable

question 20

Multiple Choice

Which of the following causes a permanent difference between taxable income and pretax accounting income?

• A) The installment method used for sales of property.
• B) MACRS depreciation method used for equipment.
• C) Interest income on municipal bonds.
• D) Percentage-of-completion method for long-term construction contracts.

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Definitions:

Shape Width

A property of graphical objects in computing that refers to the extent or measurement of an object's side-to-side dimension.

Cell Shading

A technique used in visual applications, such as spreadsheets and graphic design, to fill cells with solid colors or patterns to differentiate or highlight them.

Table

A collection of data organized in rows and columns, making it easy to store, access, and manage information efficiently.

Shape Height

The vertical measurement or dimension of a graphical shape or object in a document or graphic design.