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What effect does forging have on a rolled steel's grain structure?
Deferred Tax Asset
An accounting term for items that reduce future tax liability because of temporary differences between the book value and the tax value of assets and liabilities.
Future Taxable Income
The income that a company or individual expects to earn in future periods that will be subject to tax.
Probability
A measure of the likelihood of a specific event happening, expressed as a number between 0 and 1.
Deferred Income Taxes
Taxes applicable to income that is booked but not yet paid, reflecting the timing difference in recognizing income for accounting and tax purposes.
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