Which of the following is not considered a permanent difference? a. Interest received on municipal bonds....

Which of the following is not considered a permanent difference?

a. Interest received on municipal bonds.

b. Stock-based compensation expense.

c. Fines resulting from violating the law.

d. Premiums paid for life insurance on a company's CEO when the company is the beneficiary.

Expert Solution

Stock-based compensation expense is not considered a permanent difference.

Stock-based compensation expense is considered for calculation of deferred taxes

Option B is correct

ekkarill92 answered 2 years ago

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