An example of a firm's use of a different set of accounting principles for financial reporting and for income tax reporting is
a. the allowance method for financial reporting and the direct write-off method for income tax reporting.
b. the direct write-off method for financial reporting and the allowance method for income tax reporting.
c. the direct write-off method for financial reporting and the percentage of sales method for income tax reporting.
d. the allowance method for financial reporting and the percentage of payables method for income tax reporting.
e. none of the above.
A
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