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Which is an action of the obturator externus?
Tax Contingency Reserve
A tax contingency reserve is an accounting provision made to cover potential tax liabilities that may arise due to uncertainties in the interpretation of tax laws or disputes with tax authorities.
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An assessment of the true income generated by a company, gauging how accurately the reported income reflects the company's true earning power.
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Assets on a company's balance sheet that may be used to offset future tax liabilities.
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International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.
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