Book income does not correspond with taxable income because of different underlying objectives with respect to income measurement.

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Book income is determined using generally accepted accounting principles (GAAP) and focuses on accurately reflecting a company's financial performance and position. On the other hand, taxable income is calculated using tax laws and regulations, and aims to determine the amount of income that is subject to tax. Therefore, the two methods may lead to different results due to different objectives and methods of measurement.

Book Income Does Not Correspond with Taxable Income Because of Different