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    Business
  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 14: The Corporate Income Statement and the Statement of Stockholders Equity
  5. Question
    The Only Possible Change in the Deferred Income Taxes Account
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The Only Possible Change in the Deferred Income Taxes Account

Question 61

Question 61

True/False

The only possible change in the Deferred Income Taxes account balance for a period is due to the difference between the amount of income taxes expense for that period and the amount of income taxes actually payable to the IRS for the period.

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