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Accounting purposes and deducted as an expense for tax

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Reference no: EM132420166

1. A prepaid advertising expense that is deferred for accounting purposes and deducted as an expense for tax purposes.

2. A trademark that is acquired directly from the government and is capitalized and amortized over subsequent periods for accounting purposes and expensed for tax purposes.

Are these permanent difference or reversing? Please explain?

Reference no: EM132420166

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