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Which of the following is the best explanation of tax expenses? Group of answer choices Current tax expense is the total amount of income taxes
Which of the following is the best explanation of tax expenses?
Group of answer choices
Current tax expense is the total amount of income taxes that a company pays in a year
Deferred tax expense is an estimate of the total amount of income taxes that a company will pay in the future
Deferred tax expense is the net change in deferred tax assets and liabilities over the year
Total tax expense is the total amount of income taxes that a company pays in a year
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