Does prudence concept allow a business to build substantially higher reserves or provisions than that are actually

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Does prudence concept allow a business to build substantially higher reserves or provisions than that are actually required?

A. Yes

B. No

C. O To some extent

D. It depends on the type of business

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jan 06, 2024 09:47 AM

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Does prudence concept allow a business to build substantially higher reserves or provisions than that are actually

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Income Tax Fundamentals 2013

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