Question: 1. Explain the difference between current tax expense and deferred tax expense. give an example of an item that would affect deferred tax expense, along
1. Explain the difference between current tax expense and deferred tax expense. give an example of an item that would affect deferred tax expense, along with a clear explanation of the impact the item would have on deferred tax expense and total income tax expense.
2.Explain how the existence of temporary and permanent items affects the effective tax rate.
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