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    hello_19 Posts: 8, Reputation: 1
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    Feb 26, 2011, 09:51 PM
    Accounting Help Please
    If the company H.I.A has an accounting policy of GAAP/PE .

    If H.I.A has used its financial statements primarily for tax purposes. The company writes off any expenditure that can be justified for tax purposes, regardless of whether they can have future benefit.

    Can H.I.A can do that and how will it affect Net Income

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