A deferred tax liability represents the:

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A deferred tax liability represents an increase in taxes payable in future years as a result of taxable temporary differences. Temporary differences arise when there is a difference between the tax basis of an asset or liability and its reported amount on the financial statements. If the tax basis is greater than the reported amount, then the company will pay more taxes in the future, resulting in a deferred tax liability.

A Deferred Tax Liability Represents The