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Some items are treated as a deduction for tax purposes when they are paid but...

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Question

Accounting

Some items are treated as a deduction for tax purposes when they are paid but are recognised as expenses when they are accrued for accounting purposes. Which of the following items are of that type?
Question 5 Answer
a.
Warranty costs
b.
Goodwill impairment
c.
Fines
d.
Entertainment expenses
e.
Prepaid insurance

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