Accounting profit may include income or expenses that are not included in the taxable profit, and therefore accounting profit is not equal to taxable profit. O a. False O b. True

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
Accounting profit may include income or expenses that are not included in the taxable profit, and
therefore accounting profit is not equal to taxable profit.
O a. False
O b. True
Transcribed Image Text:Accounting profit may include income or expenses that are not included in the taxable profit, and therefore accounting profit is not equal to taxable profit. O a. False O b. True
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