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Some Accountants Believe That Deferred Taxes Should Not Be Recognized

question 106

Essay

Some accountants believe that deferred taxes should not be recognized for certain temporary differences. What is the conceptual basis for this argument?


Definitions:

Suffering

The experience of pain, discomfort, or distress, either physically, emotionally, or psychosocially.

Deprivation

To be deprived; without; having to do without or unable to use.

Without

Indicates the absence of something or someone.

Unable

Lacking the skill, means, or opportunity to do something.

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