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Aug 23, 2025

United States Corporate – Income Determination & Deductions

Corporate, Finance No Comment 915 Views

Income Determination Inventory valuation Inventories generally are stated at either cost or the lower of cost or market. Items may be deemed to be sold on a first in first out (FIFO) orRead More

Aug 20, 2025

United States Corporate – Tax Administration

Finance No Comment 881 Views

Tax period US corporate taxpayers are taxed on an annual basis. Corporate taxpayers may choose a tax year that is different from the calendar year. New corporations may use a short tax yearRead More

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