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When a company tax return shows higher depreciation expense than income statement which of the following is most likely to be true? A.) Its financial
When a company tax return shows higher depreciation expense than income statement which of the following is most likely to be true?
A.) Its financial statements do not comply with GAAP
B.) Its balance sheet includes a deferred tax liability
C.) Its balance sheet includes a deferred tax liability
D.) Its financial statements are on a cash basis
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