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What is the major difference between logistic regression (LR) and discriminant analysis (DA) ?
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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