Which of the following is a characteristic of deferred income tax payable?

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Deferred income tax payable is often generated due to timing differences between the recognition of revenue and expenses for accounting and tax purposes. It may be either a current or long-term liability, depending on when the tax payment is due. Deferred income tax payable represents the deferred payment of taxes to later years through tax planning techniques such as depreciation, deferred revenue, and deferred expenses. Therefore, all of the given characteristics are true for deferred income tax payable.

Which of the Following Is a Characteristic of Deferred Income