What is the purpose of deferred tax assets and liabilities, Financial Accounting

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What is the purpose of deferred tax assets and liabilities

What is the purpose of deferred tax assets and liabilities? What do they represent and how do they affect tax expense. Do you think recording deferred tax assets/liabilities helps the readers of the financial statements better understand a company’s tax position? Why or why not?

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Financial Accounting: What is the purpose of deferred tax assets and liabilities

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Financial Accounting: What is the purpose of deferred tax assets and liabilities

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