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What amount of the total adjustment is permanent

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Question - For book purposes, RadioAircast Incorporated reported $15,000 of income from municipal bonds. It also expensed $12,000 of radio station filing fines paid to the FCC the same year. What is the total book-tax difference associated with these items? Is it favorable or unfavorable? What amount of the total adjustment is permanent and what amount is temporary?

Reference no: EM133127900

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