1. If management decides to implement a reduction in workforce, what types of reports might they use to make the decision of where to cut? What issues might arise due to this reduction?
2. Management has told you that they want to reduce total costs of operations and SG&A by 10%. What types of reports would you look at to make these decisions?
3. Define the term “tax strategy." Name at least two common tax strategies.
4. What is the difference between book and tax accounting? Does taxable income always equal book income? Why or why not?
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