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Which of the following is TRUE? O The timing of taxable income and cash flow are always the same. O Deferral of a tax cost
Which of the following is TRUE? O The timing of taxable income and cash flow are always the same. O Deferral of a tax cost is more valuable when the taxpayer's discount rate is higher. O Higher marginal tax rates lower tax costs associated with taxable gains and income. O Deferral strategies are more valuable when the taxpayer's MTR is lower.
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