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Which of the following is true? A- it is not possible for a firm to report both a deferred tax asset (DTA) and a
Which of the following is true? A- it is not possible for a firm to report both a deferred tax asset (DTA) and a deferred tax liability (DTL) because a firm can use DTA to offset DTL, or vice versa B- it is possible for a firm to report both a deferred tax asset and a deferred tax liability that arises due to various transactions that create temporary differences C-permanent differences is always the sum of DTA and DTL OA B
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