Accounting: - effect on tax expense from deferred tax liabilities and deferred tax assets
- accounts for differences in IRS (income tax returns, looks fast cash specifically) vs. GAAP (10K, looks at earnings vs. expenses)

Question

- effect on tax expense from deferred tax liabilities and deferred tax assets
- accounts for differences in IRS (income tax returns, looks fast cash specifically) vs. GAAP (10K, looks at earnings vs. expenses)

Thoughtful Peacock · Accepted Answer

Deferred tax expense

Accounting

- effect on tax expense from deferred tax liabilities and deferred tax assets - accounts for differences in IRS (income tax returns, looks fast cash specifically) vs. GAAP (10K, looks at earnings vs. expenses)

Deferred tax expense

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