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Which of the following statements is true concerning a transitory allocation?A gain chargeback is a transitory allocationAn income chargeback is not a transitory allocationThe IRS assumes that income
Which of the following statements is true concerning a transitory allocation?
A gain chargeback is a transitory allocation
An income chargeback is not a transitory allocation
The IRS assumes that income chargebacks are substantial.
The IRS does not respect any gain chargebacks and being substantial.
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********** ***************** * **** chargeback ** * transitory ************************ types ** ********** allocations ******** Gain ************ ****** ************** *** only respects gain chargebacks ** ***** *********** *** *** ****** *************