Exam (elaborations)
Investment Banking Advanced Accounting Questions 2023 Update A+/Investment Banking Advanced Accounting Questions
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How is GAAP accounting different from tax accounting? - ANS-1. GAAP is accrualbased but tax is cash based 2. GAAP uses straight-line depreciation or a few other methods whereas tax accounting is different (accelerate depreciation) 3. GAAP is more complex What are deferred tax assets/liabiliti...
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