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One objective of the asset-liability method is to Select answer from the options below balance taxes that were refundable this year with taxes that were

One objective of the asset-liability method is to Select answer from the options below balance taxes that were refundable this year with taxes that were payable in previous years. recognize assets and liabilities to determine how much shareholders' equity a company has. recognize the amount of taxes payable or refundable for the current year. balance the deferred tax assets and deferred tax liabilities so they are equal

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