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A Deferred Tax Liability Represents The:

increase in taxes payable in future years as a result of taxable temporary differences. decrease in taxes saved in future years as a result of deductible temporary differences. increase in taxes saved in future years as a result of deductible temporary differences. decrease in taxes payable in future years as a result of taxable temporary differences.
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increase in taxes payable in future years as a result of taxable temporary differences.

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