Examlex
Which of the following is NOT included in cash and cash equivalents on a company's balance sheet?
Income Tax Expense
The amount of money a company or individual owes to the government based on earned income, reflecting the tax rate and taxable earnings for a fiscal period.
Income Tax Rate Change
A modification in the percentage that individuals or corporations are required to pay to the government from their income.
Future Liability
A financial obligation or debt that a company is required to pay at a future date.
Income Tax Expense
The total amount of income tax a company is required to pay to the government, reflected as an expense in its income statement.
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