Determine the accounting tax purposes

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In September 2018, Beverly was notified that the courts had determined that a $ 15,000,000 "marketing" payment made during 2018 to a company in the country of Concretia was illegal under the requirement of the U.S Foreign corrupt practices Act. Later that month, Beverly was further notified of a court decision that a similar payment made in 2017 to a Company in Grand Wachovia for $ 18,000,000 was illegal

Question problem 1: For accounting tax purposes is that will be a permanent or temporary difference if yes. Will you add it or subtract it to the earning before taxes. For which amount?

Reference no: EM132467364

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