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When the cumulative taxable income is higher than that reported on the financial statements, this gives rise to: a deferred income tax liability. a deferred
When the cumulative taxable income is higher than that reported on the financial statements, this gives rise to:
| a deferred income tax liability. |
| a deferred income tax asset. |
| Either of the above |
| Neither of the above. |
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
