(4 points) Tribal Corporation had the following activity tha…
(4 points) Tribal Corporation had the following activity that produced differences in book and tax treatment occur during the year. Classify whether each book-tax difference is generally favorable or unfavorable (F or U), temporary or permanent (T or P). Bad debt expense recognized for book but the certainty that it will be paid is not yet high enough to get a bad debt deduction (Tribal is an accrual basis taxpayer)