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Deferred income taxes

• On the Balance Sheet, deferred taxes are a liability that result from income already earned and recognized for accounting purposes, but not for tax purposes.

 
 

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What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

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