Flames Corporation has three financial statement elements for which the December 31, 2014 book value is different than the December 31, 2014 tax basis: Equipment Prepaid officers' insurance Accrued Liability-health care Carrying Amount 1,000,000 375,000 (250,000) Tax Base 600,000 -0- Difference 400,000 375,000 (250,000) -0- O Preparing your question to be sent to tutors.

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