To make income taxable, income must be realized and recognized. Explain in your own words the difference

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To make income taxable, income must be realized and recognized. Explain in your own words the difference between income realization and income recognition, and then provide a short numerical example to indicate the difference.

Posted Date: Nov 28, 2021 03:04 PM

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To make income taxable, income must be realized and recognized. Explain in your own words the difference

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Solution Difference between Income realization and income recognition Income Realization Income is c... View the full answer

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