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

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Accounting

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

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

Initially, tax rules require bigger expenses than GAAP

In the future, tax rules require smaller expenses than GAAP

In the future, tax rules require bigger expenses than GAAP

Initially, tax rules require smaller expenses than GAAP

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