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income statements will present a line item for income tax expense when the firm files, its federal state income tax returns, it will pay a

income statements will present a line item for income tax expense when the firm files, its federal state income tax returns, it will pay a statutorily-computed amount to the authorities. These are seldom the same number. why? in your answer, describe at least two common causes for these discrepancies and where these are accounted for in the financial statements.

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