What are the objectives of accounting for income taxes, Taxation

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What are the objectives of accounting for income taxes

Response to the following questions:

1. What is a temporary difference? Give two examples.

2. What did the FASB conclude in regard to interperiod income tax allocation?

3. What are the two objectives of accounting for income taxes identified by the FASB?

4. How does a corporation determine its deferred taxes under GAAP?

If possible, please give examples to better understand your response.

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Taxation: What are the objectives of accounting for income taxes

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Taxation: What are the objectives of accounting for income taxes

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