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When temporary difference will result in taxable amounts in future years a. A deferred tax liability is recorded. in the current year. b. A deferred
When temporary difference will result in taxable amounts in future years
a. A deferred tax liability is recorded. in the current year.
b. A deferred tax asset is recognized the current year
c. A deferred tax asset may be recognized in the current year if certain conditions are met
d. A deferred tax liability may be recognized in the current year if certain conditions are met KINDLY ANSWER ASAP PLS WITH EXPLANATION
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