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students2009-Ch05 part 2 methods - TIMING ISSUES Accounting...

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1 TIMING ISSUES Accounting Periods and Methods When is income reported? When are deductions claimed? TIMING ISSUES Accounting Periods and Methods When is income reported? When are deductions claimed? Who cares?
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2 Present Value of $1 Paid at End of Year $0.148644 20 $0.385543 10 $0.620921 5 $0.909091 1 PV at 10% Years
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3 Famous quote : A TAX DELAYED, IS A TAX NOT PAID Tax Accounting Principles
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