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3 1 pts Which of the following statements would be a valid argument against the use of the partial allocation method of addressing GAAP-to-TAX differences?
3 1 pts Which of the following statements would be a valid argument against the use of the partial allocation method of addressing GAAP-to-TAX differences? (choose all that apply) Investors would benefit more from knowing how GAAP-to-TAX differences are generated by each asset and liability that from seeing all GAAP-to-TAX differences reported in a single amount The subjectivity of future assumptions would increase the opportunity for earnings manipulation It is difficult to determine objectively which items will reverse in the next 3 to 5 years The use of subjective cash flow estimates in the present value calculations would greatly reduce the reliability of the resulting amounts The expense of computing allocation amounts for GAAP-to-TAX differences that are not likely to reverse in the near future outweighs the benefit of presenting these amounts to investors
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