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58 In what way does a crowd differ from a clique?
Deferred Tax Liability
A tax obligation that a company owes but does not have to pay until a future date, usually due to timing differences between accounting practices and tax laws.
Tax Liability
The total amount of taxes owed by an individual, company, or other entity to a taxing authority.
Income Tax Expense
The amount charged against a company's profits due to income taxes, reflecting the cost of complying with jurisdictions' tax laws.
Capital Lease
A lease agreement in which the lessee records the leased asset as if it was purchased with financing, reflecting it on their balance sheet.
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