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Taxable income of a corporation O differs from accounting income due to differences in intraperiod allocation between the two methods of income determination. O is
Taxable income of a corporation O differs from accounting income due to differences in intraperiod allocation between the two methods of income determination. O is reported on the corporation's income statement. O is based on generally accepted accounting principles. O differs from accounting income because companies use the full accrual method for financial reporting but use the modified cash basis for tax reporting
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