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I am looking for a ruling that supports the continued use of US GAAP. financials. Time frame is a 2012 company using the LIFO method.
I am looking for a ruling that supports the continued use of US GAAP. financials. Time frame is a 2012 company using the LIFO method. there was a foreign exchange gain realized on the balance sheet. is there a ruling somewhere about not paying taxes on this until the short term asset for sale is sold?
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