The irs has joined the debate because it says the full, Accounting Basics

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The irs has joined the debate because it says the full

Problem

Recently, property/casualty insurance companies have been criticized because they reserve for the total loss as much as 5 years before it may happen. The IRS has joined the debate because it says the full reserve is unfair from a taxation viewpoint. Discuss the rationale of the IRS.

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Accounting Basics: The irs has joined the debate because it says the full

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