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Which of the following assets is the MOST liquid?
Tax Rates
The percentages at which income, sales, or other taxable activities are taxed by governments.
AASB 112
Australian Accounting Standard Board statement number 112, concerning income taxes, requiring entities to account for taxes based on the concept of comprehensive tax balance sheets.
Deferred Tax Asset
An accounting term used for tax overpayments or advance payments, which will get adjusted against future tax liabilities.
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