Examlex
Which of the following is NOT included in the implementation of a performance management system?
Lease Liability
An obligation representing future lease payments for the use of assets, recognized on the balance sheet by lessees under new accounting standards.
Capital Lease
A lease agreement that grants a lessee essentially all the risks and rewards of ownership, so it's accounted for on the balance sheet as an asset and liability.
Income Tax Expense
The amount of money a company is required to pay in taxes based on its taxable income, accounted for in the income statement.
Deferred Tax Liability
A tax obligation that a company owes but is not required to pay until a future date, often resulting from differences in accounting practices.
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