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3. Unpaid expenses are shown in a company's statement of financial position as a current liability of $30,000. These expenses have already been deducted when
3. Unpaid expenses are shown in a company's statement of financial position as a current liability of $30,000. These expenses have already been deducted when computing accounting profit but will not be deducted for tax purposes until they are paid. Assuming that the company pays tax at 20%, the resulting deferred tax asset or liability is:
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