What is recognition-realization in recording of deffered tax
Problem: What is the difference between "recognition" and "realization" in recording of a deferred tax asset? Why is this distinction important?
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"The 2017 Tax Cuts and Jobs Act will discourage charitable giving by reducing the number of taxpayers claiming a deduction for charitable giving
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What is the difference between "recognition" and "realization" in recording of a deferred tax asset? Why is this distinction important?
Problem: An example of personal property for tax is:
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On January 1, 2022 Skysong had Accounts receivable of $52,500 and allowance for doubtful accounts of $3800. Journalize the transactions.
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