Homework answers / question archive / 2)For the following differences, indicate if the difference is P (Permanent) or T (Temporary), and whether it is F (Favorable) or U (Unfavorable)

2)For the following differences, indicate if the difference is P (Permanent) or T (Temporary), and whether it is F (Favorable) or U (Unfavorable)

Accounting

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2)For the following differences, indicate if the difference is P (Permanent) or T (Temporary), and whether it is F (Favorable) or U (Unfavorable).

Section 179 expensing in excess of book depreciation

Municipal interest income

Accrued bonus to executive not paid within 2 ½ months after year-end

Reserve for bad debts

Accrual for Federal income taxes

Net Operating Loss incurred in current year