Examlex
The repeal of the Corn Laws in 1846 was an example of the implementation of ________.
Interperiod Tax Allocation
The process of distributing income tax expenses or benefits over different accounting periods to match taxes with the revenues they relate to.
Intraperiod Tax Allocation
The apportionment of income taxes within a financial reporting period to different components of net income and other comprehensive income.
Valuation Allowance
A contra-account used to reduce the carrying value of deferred tax assets if it is more likely than not that some portion will not be realized.
U.S. GAAP
Generally Accepted Accounting Principles as practiced in the United States, a framework of accounting standards, principles, and procedures.
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