Income Tax Effects on Asset Valuation and Managerial Analysis |
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| Authors: | JOSEPH K. CHEUNG MANDY LI |
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| Affiliation: | Joseph;K. Cheung is Associate Professor of Accounting, George Mason University Mandy;Li is a doctoral student in Accounting, College of Business and Management, University of Maryland. |
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| Abstract: | Under an income tax structure that treats profits and losses unequally, the tax function is non-linear. This note examines how this non-linearity affects asset valuation and related managerial analyses. |
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| Keywords: | Management analysis Taxation Valuation |
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