Which of the following is the most likely item to result in a deferred tax liability? * O Expenses and losses that are deductible after they are recognized in financial income. O Revenues or gains that are recognized in financial income but are never included in taxable income. O Expenses and losses that are deductible before they are recognized in financial income. O Revenues or gains that are taxable before they are recognized in financial income.
Which of the following is the most likely item to result in a deferred tax liability? * O Expenses and losses that are deductible after they are recognized in financial income. O Revenues or gains that are recognized in financial income but are never included in taxable income. O Expenses and losses that are deductible before they are recognized in financial income. O Revenues or gains that are taxable before they are recognized in financial income.
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 1DQ
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Transcribed Image Text:Which of the following is the most likely item to result in a deferred tax liability? *
O Expenses and losses that are deductible after they are recognized in financial income.
O Revenues or gains that are recognized in financial income but are never included in taxable income.
O Expenses and losses that are deductible before they are recognized in financial income.
O Revenues or gains that are taxable before they are recognized in financial income.
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