This means absorption costing is the only GAAP-approved costing ... The GAAP matching principle focuses on deferred taxation and revenue recognition as reported on the balance sheet and income ...

ridvan_celik / Getty Images Companies must choose between absorption costing and variable costing in their accounting systems, and there are advantages and disadvantages to either choice.

The sprawling tax and spending bill before the House of Representatives would cut more than $200 billion from food assistance ...

Legislation aimed at addressing both fairness in the taxation of used car sales and the longstanding abandoned car problem on ...