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ACC 305 Intermediate Accounting III

Accounting
Tutor: None Selected Time limit: 0 Hours

Compare and contrast the key similarities and differences between GAAP and IFRS with respect to income tax accounting. Analyze two (2) tax differences and determine which difference would provide the greatest tax benefit to a corporation.

Apr 24th, 2015

1. Documents included in the financial statements- 1FRS

Balance sheet
Income statement
Changes in equity
Cash flow statement
Footnotes

                                                    U.S. GAAP

Balance sheet
Income statement
Statement of comprehensive income
Changes in equity
Cash flow statement
Footnotes


May 6th, 2015

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Apr 24th, 2015
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Apr 24th, 2015
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