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Deferred Tax
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IAS 12 Income
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Tax-Deferred
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11:25
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Deferred Tax Liabilities in Financial Accounting
This video shows what a deferred tax liability is in Financial Accounting. A deferred tax liability is an increase in tax payable in future years due to a temporary timing difference. For example, if a firm uses straight-line depreciation for book purposes this will lead to a temporary tax difference because accelerated depreciation is used for ...
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