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Business, 23.03.2020 20:27 ian2006huang

Davison Company determined that the book basis of its net accounts receivable was less than thetax basis of its net accounts receivable by $800,000 due to a difference in the allowance for baddebts account. This basis difference is characterized as:A)Favorable permanent difference. B)Unfavorable permanent difference. C)Deductible temporary difference. D)Taxable temporary difference.

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