Only questions 5 and 6 need to be written.
Question 5:What is the primary factor that caused the two tax rates from question 4 to differ for Adobe Inc.? Does the factor you identified cause a “temporary” or a “permanent” book-tax difference?
Question 6: What amount did the valuation allowance applied to Adobe Inc.’s gross deferred tax assets change during the fiscal year ending November 29, 2019? Please provide a dollar amount.
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