Explain the meaning of the term “tax-planning strategy” as the term is used in S

SFASNo. 109 uses the term "tax-planning strategy." The meaning of this termin the pronouncement is somewhat different from its usage in ordinarybusiness conversation. Typically, one would expect the term tax-planningstrategy to connote the actions management takes to minimize theenterprise’s long-run tax obligation. An enterprise may, for example,structure its credit sales activities such that these sales wouldqualify for treatment as installment sales for tax purposes. Such anapproach would allow the deferral of taxable revenue until cash isactually received. The use of the term tax-planning strategy in SFAS No. 109 differs from the traditional use, however.Explain the meaning of the term “tax-planning strategy” as the term is used in SFAS No. 109.500-600 words paper - APA Formatwith 1 reference  100% Original and NO Plagiarism