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Question 2 15 pts Q1-03-tax: Which one is not correct in the context of tax accounting? O corporate income tax is an expense, not a

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Question 2 15 pts Q1-03-tax: Which one is not correct in the context of tax accounting? O corporate income tax is an expense, not a distribution of profits to the government. O non taxable expenses cause permanent differences between pretax accounting income and taxable income. O deferred tax assets might be resulted from loss carrybacks. deferred tax liability might be resulted when tax expense on income statement is less than tax payment based on tax code

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