Under U.S. GAAP, companies generally use a cash flow approach to account for temporary differences between book and tax treatment of transactions.

Name: Under U.S. GAAP, companies generally use a cash flow approach to account for temporary differences between book and tax treatment of transactions.
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Under U.S. GAAP, companies use the asset and liability method, not a cash flow approach, to account for temporary differences between book and tax treatment of transactions.

Under US GAAP, Companies Generally Use a Cash Flow Approach to to Account