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Mandarini Mandarini
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7 years ago
Identify which of the following statements is true.
A) A corporation that accrues compensation payable to an employee must pay the amount within two and one-half months after the close of the taxable year to deduct the amount in the year of the accrual.
B) Accrued compensation that is deductible in the year of accrual is considered to be part of an IRS deferred compensation plan.
C) Accrued compensation not paid within three and one-half months after the close of the corporation tax year is deducted in the year following the accrual.
D) All of the above are false.
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
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RimounRimoun
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7 years ago
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Mandarini Author
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#2
6 years ago
Wow you guys are great!!!!!!!!!!!!!!

always correct
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#3
3 years ago
Thank you!
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