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38. Explain the significant contributions of the Old Colony Trust decision that taxed a company...

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Accounting

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38. Explain the significant contributions of the Old Colony Trust decision that taxed a company officer on the payment of his income tax liability by the corporation. 40. In the Duberstein case, the accounting records of Mohawk Corporation played a role in the decision to tax Duberstein on the value of the new Cadillac received from Mohawk. Explain why the accounting records were important in this regard

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