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Which of the following give rise to a Deferred Tax Liability being recorded in Balance Sheet? 1. More revenue is recognized for tax purposes than

Which of the following give rise to a Deferred Tax Liability being recorded in Balance\ Sheet?\ 1. More revenue is recognized for tax purposes than for financial reporting purposes.\ 2. Less revenue is recognized for tax purposes than for financial reporting purposes.\ 3. More expense is recognized for tax purposes than for financial reporting purposes.\ 4. Less expense is recognized for tax purposes than for financial reporting purposes.

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