One might view a deferred tax liability as an interest-free loan from the government. Do you agree?

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One might view a deferred tax liability as an interest-free loan from the government.” Do you agree? Why or why not?

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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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Question Posted: Dec 07, 2011 06:51 AM

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One might view a deferred tax liability as an interest-free loan from the government. Do you agree?

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This statement is incorrectIn order for deferred taxes to be a loan there must be a receipt of cash ...View the full answer

Financial Accounting an introduction to concepts, methods and uses

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