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TThe direct method is used for taxes, and the allowance method is used for financial reporting. These methods generate different expenses, so for this reason
TThe direct method is used for taxes, and the allowance method is used for financial reporting. These methods generate different expenses, so for this reason tax reporting income is different than financial reporting income
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
10th Edition
B010IKDQZM
