CSR Definition

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CSR see CORPORATE SOCIAL RESPONSIBILITY.

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PREFERRED CREDITOR is a creditor whose account takes legal preference for payment over the claims of others.

DEFERRED TAX ASSETS have an effect of decreasing future income tax payments, which indicates that they are prepaid income taxes and meet definition of assets. Whereas deferred tax liabilities have an effect of increasing future years income tax payments, which indicates that they are accrued income taxes and meet definition of liabilities.

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