What are the two objectives of accounting for income taxes identified by the FASB?

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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter3: Preparing Your Taxes
Section: Chapter Questions
Problem 1LO: Discuss the basic principles of income taxes and determine your filing status.
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What are the two objectives of accounting for income taxes identified by the FASB? 

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