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Business, 26.10.2020 16:40 gigimasters71p7tc6l

Zola Inc. paid a $10,000 legal fee to the attorney who resolved a dispute over Zola's title to investment land. Zola's auditors required the corporation to expense the payment for financial statement purposes. The tax law required Zola to capitalize the payment to the basis of the land. This difference in accounting treatment results in a:

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Zola Inc. paid a $10,000 legal fee to the attorney who resolved a dispute over Zola's title to inves...

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