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  3. which of the following are true about deferred tax

Which of the following are true about Deferred Tax Assets? (check all that apply) Initially,...

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Accounting

Which of the following are true about Deferred Tax Assets? (check all that apply)

Initially, tax rules require bigger expenses than GAAP

In the future, tax rules require bigger expenses than GAAP

Initially, tax rules require smaller expenses than GAAP

They represent an obligation to make higher tax payments in the future

In the future, tax rules require smaller expenses than GAAP

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