Shamelessly plagiarized from FundAlarm.
http://www.aicpa.org/pubs/jofa/sep2004/boes.htm
Good discussion of the differences between the two and strategies for when to recognize the taxable income.
http://www.aicpa.org/pubs/jofa/sep2004/boes.htm
Good discussion of the differences between the two and strategies for when to recognize the taxable income.