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Of the following choices provided, which creates a deferred tax liability? Question 3 options: a) estimated operating expenses have accrued; b) sales revenue is collected
Of the following choices provided, which creates a deferred tax liability?
Question 3 options:
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a) | estimated operating expenses have accrued; |
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b) | sales revenue is collected in advance; |
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c) | operating expenses are prepaid, and your accountant says theyre deductible on your income taxes; or |
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d) | All of these answer choices are correct. |
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