In some countries, financial accounting and tax accounting are so closely related that there is very little need to account for deferred income taxes. Of the countries listed below, which has a financial accounting system that is most different from its tax laws?
A. United States of America
B. Japan
C. Germany
D. France
Answer:A
In some countries, financial accounting and tax accounting are so closely related that there is very little need to account for deferred income taxes. Of the countries listed below, which has a financial accounting system that is most different from its tax laws?
A. United States of America B. Japan C. Germany D. France