Among the items reported on Cord, Inc.'s income statement for the year ended December 31, 2007 were the following:
Amortization of goodwill acquired in 1992 $10,000
Insurance premium on the life of an officer. $5,000
Cord is the owner and beneficiary.
Temporary differences amount to:
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Among the items reported on Cord, Inc.'s income statement for the year ended December 31, 2007 were the following:
Amortization of goodwill acquired in 1992 $10,000
Insurance premium on the life of an officer. $5,000
Cord is the owner and beneficiary.
Temporary differences amount to:
