Examlex
All of the following are true of fungi EXCEPT:
Deferred Tax Liability
An accounting term representing a tax obligation that a company owes but is allowed to pay at a future date.
Pretax Accounting Income
Income earned by a business before taxation has been deducted, as recorded in its financial accounts.
Deferred Tax Liabilities
Future tax payments due to temporary differences between financial accounting and tax accounting practices.
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