Examlex
Match the definition with the term.
-feelings
Cash-basis
An accounting method that recognizes revenues and expenses only when cash is exchanged, as opposed to when they are incurred.
Tax Depreciation
The allowable deduction for depreciation of assets for tax purposes, calculated using methods prescribed by the IRS.
Financial Statement Income
The income reported by a company on its financial statements, which includes revenues, expenses, gains, and losses.
Domestic Corporation
A corporation that is incorporated under the laws of the country in which it is doing business.
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