Generally,when Considering the Differences Between the Accounting Treatment and the Income

question 10

Multiple Choice

Generally,when considering the differences between the accounting treatment and the income tax treatment of a particular item the accounting treatment is based on:

• A)cash flows
• B)cash flows adjusted for depreciation charges
• C)accrual accounting and is subject to the requirements of accounting standards
• D)the income tax legislation.

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Definitions:

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