Justification for a corporation determining income


What is the justification for a corporation determining income for financial reporting purposes differently than the way it is determined for tax purposes?

The components of postretirement benefit expense are similar to the components of pension expense. How does the service cost component differ between the two expenses?

When stock is issued for consideration other than cash, what is the measurement objective?

Differentiate between a defined contribution pension plan and a defined benefit pension plan.

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Accounting Basics: Justification for a corporation determining income
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