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Intraperiod tax allocation arises because certain revenue and expense items appear in the income statement either before or after they are included in the tax
Intraperiod tax allocation
arises because certain revenue and expense items appear in the income
statement either before or after they are included in the tax return.
is required for the cumulative effect of changes in accounting principles but not
for discontinued operations.
allocates income tax expense evenly over a number of accounting periods.
relates income tax expense to the items which affect the amount of tax.
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