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Which of the following is correct for the condensation of gaseous oxygen at -188 °C? (The normal boiling point of oxygen is -183 °C.)
Deferred Tax Liabilities
Future tax obligations due to temporary differences between the tax basis of an asset or liability and its reported amount in the financial statements.
GAAP
Stands for Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States for financial reporting.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is gaining global acceptance.
Deferred Taxes
Taxes applicable to income that has been accrued but not yet paid, due to differences between accounting and tax legislation.
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