Examlex
Which of the following is not a best practice in preparing Unified Modeling Language (UML) Class diagrams?
A. Opt for simplicity
B. Model each process separately
C. Avoid crossing lines whenever possible
D. Avoid confusing abbreviations
Deferred Tax
A liability on a company's balance sheet that results from income already taxed or to be taxed in the future.
Accrued Expenses
Expenses that have been incurred but not yet paid, representing liabilities on a company's balance sheet.
Tax Deductible
Expenses or investments that can be subtracted from gross income to reduce taxable income, ultimately lowering tax liabilities.
Income Tax Rate
The percentage at which an individual or corporation is taxed on their income.
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