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Deferred Tax Liability
A tax obligation that a company has incurred but is not yet required to pay, often arising from differences between accounting methods for financial statements and tax purposes.
Associate
A company in which another company owns a significant portion (usually between 20% and 50%) but not a majority stake, providing it with significant influence.
Equity Entries
Accounting transactions that affect the owners' equity account in a company's balance sheet, such as issuing stock or paying dividends.
Parent Entities
Companies that own more than half of the voting rights of another company or have control over it, making the other company a subsidiary.
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