In the United States, conformity between financial statement presentation and tax treatment is required only for:
A)
B)
C. gains or losses on securities.
D. the use of the LIFO inventory cost flow assumption.
Answer:D
In the United States, conformity between financial statement presentation and tax treatment is required only for:
A) B) C. gains or losses on securities. D. the use of the LIFO inventory cost flow assumption.