Question: Generally, when considering the differences between the accounting treatment and the income tax treatment of a particular item the accounting treatment is based on: Select

Generally, when considering the differences between the accounting treatment and the income tax treatment of a particular item the accounting treatment is based on: Select one: 1. cash flows 2. cash flows adjusted for depreciation charges 3. accrual accounting and is subject to the requirements of accounting standards 4. the income tax legislation

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