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Executing strategy is a make-things-happen task that tests a manager's ability to:
Pretax Accounting Income
Income earned by a business before taxation has been deducted, as recorded in its financial accounts.
Deferred Tax Liabilities
Future tax payments due to temporary differences between financial accounting and tax accounting practices.
Deferred Tax Assets
Assets on a company's balance sheet that may be used to reduce future tax liability resulting from temporary timing differences between accounting and tax treatments.
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