Is a deferred tax asset a current asset?
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A Deferred Tax Asset is an asset on a company's balance sheet that may be used to reduce taxable income. It is the opposite of a deferred tax liability, which describes something that will increase income tax. Both are found on the balance sheet under Current Assets.
2023-05-08 23:44:34
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Ethan Lee
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A Deferred Tax Asset is an asset on a company's balance sheet that may be used to reduce taxable income. It is the opposite of a deferred tax liability, which describes something that will increase income tax. Both are found on the balance sheet under Current Assets.
