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Two companies, Company A and Company B, both reported a net income of $1,000,000 for the fiscal year ended December 31, 20XX. However, Company A

Two companies, Company A and Company B, both reported a net income of $1,000,000 for the fiscal year ended December 31, 20XX. However, Company A paid taxes of $300,000, while Company B paid taxes of $200,000. Analyze the impact of taxation on each company's financial statements and discuss any implications for stakeholders.

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