Explain how accounting profit and taxable profit differ and how each is treated when accounting for income

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Explain how accounting profit and taxable profit differ and how each is treated when accounting for income taxes.

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 12:58 PM

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Explain how accounting profit and taxable profit differ and how each is treated when accounting for income

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Accounting profit is defined in IAS 12 paragraph 5 as net profit or loss for a period before deducti...View the full answer

Applying International Financial Reporting Standards

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