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6) Unrealized holding gains for financial reporting purposes (including use of the fair value option), but deferred for tax purposes. This will result in a
6) Unrealized holding gains for financial reporting purposes (including use of the fair value option), but deferred for tax purposes. This will result in a future taxable amount and therefore a deferred tax liability. (True/False) 8) Product warranty liabilities deducted for tax reporting purposes but deferred for tax purposes result in deferred tax assets. (True/False)
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