…says reclaimable withholding taxes should be accrued. Schweser goes on to say that reclaimable withheld tax should be treated as expense until the recovery actually takes place. Isn’t that the exact opposite of what the first sentence says? p.194, Schweser book 5. Anybody have any insight here?
screw schweser. always go with what cfa says even if they say something that doesnt make sense still go with it.