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When GAAP principles and IRS federal income tax requirements conflict, which statement is true: Multiple choice question. companies must follow both GAAP and IRS requirements,
When GAAP principles and IRS federal income tax requirements conflict, which statement is true: Multiple choice question. companies must follow both GAAP and IRS requirements, even if it means maintaining two sets of accounting records companies must follow GAAP principles over IRS requirements companies must follow IRS requirements over GAAP principles
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