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Simplifying the Accounting for Income Taxes, franchise taxes calculated based on income should now be included in income tax expense. The change to recording franchise
Simplifying the Accounting for Income Taxes, franchise taxes calculated based on income should now be included in income tax expense. The change to recording franchise income as an income-based tax seems like it could increase the tax liability for companies. Is this accurate?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
