Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

The deferred tax liability can have a much larger balance than other liability accounts because:

Most businesses have great tax lawyers
It is the only liability account not listed at it's present value
Businesses have extremely high tax rates and frequently need to push off paying their taxes
The deferred tax liability account is not usually much larger than other liability accounts
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