Read the article "Income-tax Accounting: Same Difference?" http://ww2.cfo.com/accounting-tax/2009/03/income-tax-accounting-same-difference/ Review the article and indicate your understanding of tax laws discussed with an example of how treatment of a transaction would be considered different in tax accounting, general accounting, or income recognition.
Read the article “Income-tax Accounting: Same Difference?”
http://ww2.cfo.com/accounting-tax/2009/03/income-tax-accounting-same-difference/
Review the article and indicate your understanding of tax laws discussed with an example of how treatment of a transaction would be considered different in tax accounting, general accounting, or income recognition.
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