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Which of the following items describes the current practices under the GAAP? a. Tax accounting is not related to the quality of earnings. b. Firm

Which of the following items describes the current practices under the GAAP? a. Tax accounting is not related to the quality of earnings. b. Firm should report the net of deferred tax asset and liability in 10-k. c. Current GAAP does not allow any off-balance-sheet financing available. d. Capital lease is to be same as a purchase with financing

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