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Sfas no accounting for income taxes

04/05/2021 Client: muhammad11 Deadline: 2 Day

SFAS No. 109 , “ Accounting for Income Taxes,” requires interperiod income tax allocation for temporary differences.

Required:
a. Define the term temporary difference.
b. List the examples of temporary differences contained in SFAS No. 109.
c. Defend interperiod income tax allocation.

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