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Name some reasons why the taxable income of a corporation is likely not to be the same as its financial statement net income. a Depreciation
Name some reasons why the taxable income of a corporation is likely not to be the same as its financial statement net income.
a | Depreciation expense on the tax return is typically greater than depreciation expense for financial statements. |
b | Accounts payable are usually different. |
c | Net assets are usually larger on the tax return. |
d | ales amounts differ because of Internet sales. |
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