One of the Problems in Using One Set of Accounting

question 95

Multiple Choice

One of the problems in using one set of accounting records for tax reporting and another set of records for internal management reporting is that ________.

• A) it is illegal as well as unethical to do so
• B) the tax authorities may suspect manipulation of records
• C) it is almost impossible to keep the records straight and hard to reconcile the books
• D) the shareholders do not approve of such methods and the market prices will decline

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Definitions:

Medications

Substances used to diagnose, treat, or prevent disease and relieve symptoms, often referred to as medicine or drugs.

Lasting Recoveries

Long-term improvements or healings from physical or mental conditions, implying a sustained period of wellness.

Rehospitalized

The act of a patient being admitted to a hospital again after a previous discharge, often due to relapse or complication.

Multicultural Therapy

A therapeutic approach that considers clients' cultural backgrounds in the treatment process.