Determine the code section

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Assignment:

Determine the code section and permanent/temporal differences of the following items:

Example:                    Code section          Permanent/Temporal

Organizational Expenses     248                         Temporal

1. Depreciation

2. Business meals

3. Penalty and fines

4. Accrued vacation

5. Allowance for bad debt (A/R reserves)

6. Excess capital loses

7. Federal income taxes

8. state income taxes

9. charitable contribution

10. Club dues

11. officers life insurances premium

12. cash surrender value on officers life insurance

13. capitalize software

14. political contribution

15. Gain/loss on sale of asset

16. Tax exempt

17. Accrued bonus

18. executive compensation in excess of $1 million to top executives

Reference no: EM133261363

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