6) Deferred income tax expense is the net of: a. Deferred tax assets (DTAs) and...
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Accounting
6) Deferred income tax expense is the net of: a. Deferred tax assets (DTAs) and deferred tax liabilitios (DTLs) b. Income tax receivable and current taxes payable c. Current tax expense and deferred tax expense d. Prepaid taxes and deferred tax liabilities (DTLs) 7) A deferred tax liability (DTL) results from each of the following items EXCEPT: a. Expense is reported on the tax return before the financial statements b. Revenue is reported on the financial statements before the tax return c. Depreciation expense d. Warranty expense
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