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    Financial Accounting Study Set 9
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    Exam 11: The Income Statement, the Statement of Comprehensive Income, and the Statement of Shareholders Equity
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    Under IFRS If in One Year Zip's Income Taxes Payable
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Under IFRS If in One Year Zip's Income Taxes Payable

Question 27

Question 27

True/False

Under IFRS if in one year Zip's income taxes payable exceeds its income tax expense then there is a deferred tax liability.

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