Examlex
The following are characteristics of global leaders except
Deferred Tax Asset
A tax benefit that refers to a reduction in a company's future tax liability due to deductible temporary differences and carryforwards.
FASB
The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest.
Temporary Difference
A difference that arises between the tax bases of assets or liabilities and their carrying amount in the financial statements, which will result in taxable or deductible amounts in future years.
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