The adjustment for the holdback of an intercompany gain in assets requires a corresponding adjustment to a

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The adjustment for the holdback of an intercompany gain in assets requires a corresponding adjustment to a consolidated deferred tax asset. The adjustment for a gain from intercompany bond holdings requires a corresponding adjustment to a consolidated deferred tax liability. In both cases, the tax adjustment is made because of a gain. Why is the tax adjustment different? Explain.
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Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

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