Briefly describe the process of computing a corporations taxable income
assuming the corporation must use GAAP to determine its book income. How
might the process differ for corporations not required to use GAAP for book
o To compute taxable in
Merger waves mean peaks of heavy activity followed by quiet troughs of few transactions.
Merger activities correlate with bull market and takes place mainly during economic expansions
than economic contractions
o The merger wave came about due