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Business, 02.07.2019 05:10 romet31

An example of intraperiod income tax allocation isa. reporting an extraordinary item in the income statement, net of direct tax effects. b. interest income on municipal obligations. c. estimated expenses for major repairs accrued for financial statement purposes in one year, but deducted for income tax purposes when paid in a subsequent year. d. rental income included in income for income tax purposes when collected, but deferred for financial statement purposes until earned in a subsequent year.

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