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<p>a. Accounts Payable</p> <p>b. Notes Payable</p> <p>c. Deferred Tax Liability</p> <p>d. Provision for Gratuity</p> <p> </p>
Option C - Deferred Tax Liability is the correct answer
ANSWER C
c. Deferred Tax Liability
Which of the following liabilities reported in the financial statements arises due to temporary differences in carrying value and assets tax base :c. Deferred Tax Liability
