Business, 25.04.2020 04:04, diablo666

Generally, deductions for additions to reserves for estimated future costs (e. g., an allowance for estimated warranty costs) are not allowed for Federal income tax purposes because allowing the deduction would: a. Violate established public policy. b. Violate the tax benefit rule. c. Result in a mismatching of revenues and expenses. d. Violate the all events test and economic performance requirement. e. None of these choices are correct.

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Generally, deductions for additions to reserves for estimated future costs (e. g., an allowance for...