Given that reported past profits reflect future expectations, why may it be necessary to revise those past

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Given that reported past profits reflect future expectations, why may it be necessary to revise those past profits for such items as owner’s compensation, occupancy costs (rent), interest costs, income taxes, and so on?

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Canadian Income Taxation 2018-2019

ISBN: 9781259464294

21st Edition

Authors: William Buckwold, Joan Kitunen

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