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What is an elliptical galaxy?
Deferred Tax Liabilities
Future tax payments owed to tax authorities due to temporary differences between accounting income and taxable income.
Municipal Bond
A debt security issued by municipalities to finance its capital expenditures, often tax-exempt for investors.
Warranty Expense
Costs incurred by a company due to repairing or replacing products under warranty.
Bad Debts Expense
An expense reported on the income statement, representing the money lost by a business from non-recoverable credit sales.
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