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added to the financial income in computing for the taxable income?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter18: Accounting For Income Taxes

Section: Chapter Questions

Problem 23GI

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Question

Which of the following is added to the financial income in computing for the taxable income?

Unrealized gains from trading securities

Excess of tax depreciation from the accounting amount

Income exempt from income taxes

Expenses disallowed for tax purposes

Definition Definition Any of the various net benefits or net gains that a country or trader makes by participating in international trade.

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