Some items are treated as a deduction for tax purposes when they are paid but...
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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 Answer
a
Warranty costs
b
Goodwill impairment
c
Fines
d
Entertainment expenses
e
Prepaid insurance
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