Question: Unlike many long-term liabilities, FASB does not require/allow present value concepts to be applied to the accounting for income taxes.Do you agree with this policy?Why

Unlike many long-term liabilities, FASB does not require/allow present value concepts to be applied to the accounting for income taxes.Do you agree with this policy?Why or why not?Which accounting principles are best served by the current guidance?Which are compromised?

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