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Community: Investing Wiki

Term Of The Hour

tax vs book: Original post by Cynthia Hartman of Demand Media The IRS allows companies to use tax-basis accounting to receive certain tax benefits. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/117/245/78053747.jpg?w=700&h=700&keep_ratio=1 Thinkstock/Comstock/Getty Images Accountants record a firm's financial data in specific ways, based on generally accepted…

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