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Question: hi tutor when i read the financial statement i notice...

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Hi tutor, when I read the financial statement, I notice under the income statement about the terms of INCOME TAX EXPENSE and CURRENT TAX EXPENSE. I know they are difference because the tax base and how the company reports on the tax expense should be different, but I still do not get the relationship formula between them, what is Deferred Tax Assets and Liabilities? Many thanks.

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