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As operations manager for Osan Electronics, Jun is seeking to enhance the company's core capabilities in order to make it more competitive in an ever-changing market. To that end, the company should concentrate on
Deferred Tax Liabilities
Taxes that are assessed or incurred but not yet paid, typically resulting from timing differences in recognizing revenue and expenses for tax and accounting purposes.
Taxable Income
The amount of income subject to taxes, calculated by adjusting gross income by various deductions, exemptions, and adjustments specified by tax laws.
Book Income
Book income is a company's financial income as reported in the financial statements, adhering to the rules of accounting, before any tax adjustments.
Loss Carryback
An accounting technique that allows businesses to apply current year’s net operating losses to previous years’ profits to reduce tax liabilities.
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