Temporary differences in the timing of expenses and revenues always result in a liability called Deferred Tax Liability.

Name: Temporary differences in the timing of expenses and revenues always result in a liability called Deferred Tax Liability.
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Temporary differences can result in either a Deferred Tax Liability or a Deferred Tax Asset, depending on whether the temporary difference will result in taxable amounts in future years (liability) or deductible amounts in future years (asset).

Temporary Differences in the Timing of Expenses and Revenues Always