Author Question: One of the problems in using one set of accounting records for tax reporting and another set of ... (Read 24 times)

bobthebuilder · **on:** Mar 6, 2021

One of the problems in using one set of accounting records for tax reporting and another set of records for internal management reporting is that ________.
◦ it is illegal as well as unethical to do so
◦ the tax authorities may suspect manipulation of records
◦ it is almost impossible to keep the records straight and hard to reconcile the books
◦ the shareholders do not approve of such methods and the market prices will decline

nmyers · **Reply #1 on:** Mar 6, 2021

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