DEFERRED REVENUE ACCOUNTING
Torosyan and Razani1 said that the Tax Cuts and Jobs Act amended Sec. 451 to allow accrual-basis taxpayers to defer recognizing income until it is considered in their applicable financial statements. This rule eliminates some book-tax timing differences regarding unearned revenue, also known as defe...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University Publishing House
2022-06-01
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| Series: | Challenges of the Knowledge Society |
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| Online Access: | http://cks.univnt.ro/download/cks_2022_articles%252F5_CKS_2022_ECONOMIC_SCIENCES%252FCKS_2022_ECONOMIC_SCIENCES_002.pdf |