Question: The adjustment for the holdback of an intercompany gain in

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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  • CreatedJune 08, 2015
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