When All Assets Are Accounted for Together,the Continual Increasing of the Aggregate

question 4

True/False

When all assets are accounted for together,the continual increasing of the aggregate liability suggests that provisions for deferred tax are not necessary

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Definitions:

Unintentional Torts

Legal wrongs resulting from actions that were not intended to cause harm but did so inadvertently.

Negligence

The failure to take reasonable care or steps to prevent loss or injury to another party, resulting in harm or damage.

Four Ds of Negligence

A legal concept involving duty, dereliction of duty, direct causation, and damages, used to establish the liability in a negligence case.

Damages

Money paid as compensation for violating legal rights.