Which of the Following Does Not Result in a Permanent

question 29

Multiple Choice

Which of the following does not result in a permanent book/tax difference?

• A)Tax-exempt interest on state and local bonds
• B)NOL carryforwards
• C)Domestic production activities deduction
• D)Lobbying expenses

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Definitions:

Descendants

Individuals or organisms that come from a specific ancestor, representing the future generations in a lineage.

Dinosaurs

Extinct reptiles known for their varied sizes and shapes that lived on Earth during the Mesozoic Era.

Marsupials

A group of mammals characterized by giving birth to relatively undeveloped offspring that typically complete their development in an external pouch.

Opossum

is a type of marsupial found in the Americas, known for playing dead as a defense mechanism.