INTERPERIOD TAX ALLOCATION Definition

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INTERPERIOD TAX ALLOCATION is the process of apportioning income taxes among accounting periods.

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CARRYING VALUE, also known as "book value", it is a companys total assets minus intangible assets and liabilities, such as debt.

INCOME SMOOTHING refers to measures taken to reduce the probability of income shocks before they occur, and includes strategies like diversifying income sources; making low-risk production and employment choices; building up physical, human, and social assets; and ensuring good financial management.

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