Describe concept of income that is utilized for tax purposes, Other Management

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Describe concept of income that is utilized for tax purposes

Problem

Describe the concept of income that is utilized for tax purposes. How and why is taxable income different from accounting or economic income? If a taxpayer sells the property, are the gross receipts taxable?

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Other Management: Describe concept of income that is utilized for tax purposes

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Other Management: Describe concept of income that is utilized for tax purposes

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