Prediction of future tax payments in short-run


Problem 1. Do you think tax allocation can improve the prediction of future tax payments in the short run?

Problem 2. what are the economic consequences of SFAS No. 87?

Problem 3. What is the fundamental issue surrounding capitalization versus expensing?

Problem 4. which approach do you believe management would prefer?

Problem 5. Which approach do you believe auditors would prefer? Why?

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Taxation: Prediction of future tax payments in short-run
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