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How are deferred tax assets and deferred tax liabilities created? O A. Deferred taxes are created by permanent differences. Permanent differences represent book tax liabilities
How are deferred tax assets and deferred tax liabilities created? O A. Deferred taxes are created by permanent differences. Permanent differences represent book tax liabilities that are never due and just represent the tax s O B. Deferred tax assets stay on the books forever. Deferred tax liabilties are only deferred until the tax is paid within 30 days O C. Deferred taxes are created by temporary book-tax diferences and stay on the books forever O D. Deferred taxes are only created by temporary book tax differences. However, over the life of the firm, these diferences reverse themseves (fe, they are Click to select your
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