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When calculating net income for tax purposes

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Reference no: EM133296006

When calculating net income for tax purposes, accounting gain on sale is:

A. A taxable income

B. A non-cash transaction that must be removed from accounting net income

C. A non-cash transaction but must be recorded as capital gain from sale of property

D. taxable income that must be included when calculating taxes payable.

Reference no: EM133296006

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