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Those exhibiting hypochondriasis tend to
Deferred Tax Liabilities
Future tax payments due to temporary differences between financial accounting and tax accounting practices.
Deferred Tax Assets
Assets on a company's balance sheet that may be used to reduce future tax liability resulting from temporary timing differences between accounting and tax treatments.
Current Tax Liabilities
Taxes owed to the government within the current fiscal year.
Temporary Difference
Refers to the differences that arise between the tax base of an asset or liability and its carrying amount in the financial statements, which will result in taxable or deductible amounts in future years.
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