U.S. corporate income tax law changed dramatically at the end of 2017 due to amendments to the
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U.S. corporate income tax law changed dramatically at the end of 2017 due to amendments to the Internal Revenue Code by Congress. List at least two specific changes to the law and their general effects on the presentation of tax items on GAAP financial statements.
GAAPGenerally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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Related Book For
South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts
ISBN: 9780357109168
43rd Edition
Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney
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