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rformance.netdimensions.com/omegaperformance/servlet/ekp?action=-1§ionIndex=1&dateStartTime=1567793794286&questionindex=10&submitToken=244105 Small Business-US-Analyzing Bus. Financial Statement-Posttst Not Attempted Attempted Bookmarked nancial Question (10) Which of the following statements about business tax returns is true? ded

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rformance.netdimensions.com/omegaperformance/servlet/ekp?action=-1§ionIndex=1&dateStartTime=1567793794286&questionindex=10&submitToken=244105 Small Business-US-Analyzing Bus. Financial Statement-Posttst Not Attempted Attempted Bookmarked nancial Question (10) Which of the following statements about business tax returns is true? ded The tax return does not disclose sales returns and allowances. Businesses seek to maximize tax-deductible expenses on tax returns, but might report lower expenses on their GAAP financial statements. The amount of depreciation expense on a tax return is always greater than the amount of depreciation reported on a GAAP financial statement. The amounts shown on the balance sheet included in a tax return are different from the amounts on the GAAP financial statements. Mark for review Submit

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