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Ramsey Jordan, a renowned scientist, decides to run for president. He knows that he lacks popular support and hence has a meeting with his campaign manager to discuss the strategies that can help him gain support. Jordan's campaign manager advises him to reach out to voters who are scientifically inclined by using a tailored message, highlighting his credentials in the field of science and also his vision. In this case, to reach out to specific voters, Jordan should engage in _____.
Deferred Tax
The amount of income tax payable/recoverable in future reporting periods in respect of temporary differences and tax losses.
Balance Date
The date on which a company's financial year ends and financial statements are prepared to reflect the company's financial position.
Accounting Adjustments
Entries made in accounting records at the end of a period to correct accounts before the financial statements are prepared.
Temporary Differences
Differences between the carrying amount of an asset or liability in the statement of financial position and the asset’s or liability’s tax base.
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