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Generally Accepted Accounting Principles (GAAP) MCQs

Which of the following is one of the secondary purposes of accounting for income taxes?

To engage in tax evasion

To increase the share price

To determine management bonuses

To recognize deferred tax liabilities and assets

Answer

Correct Answer: To recognize deferred tax liabilities and assets

Explanation:

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More Generally Accepted Accounting Principles (GAAP) MCQ Questions

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