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Deferred Liability

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Deferred Liability
1. Money that a company receives from a customer as prepayment for some good or service. A deferred liability is listed on a balance sheet as a liability until the good or service is delivered. This is because the company would have to return the money if it does not keep its end of the bargain as promised. A deferred liability is also called a deferred credit or deferred revenue.

2. See: Past-Due Payment.

deferred liability
A liability that usually would have been paid but is now past due.


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If the impairment write-down reduces the book basis of tax deductible goodwill below the tax basis, the entire deferred liability would be reversed and a deferred tax asset would be recognized, subject to valuation allowance considerations.
ANM previously submitted recommendations on topics such as universal mail delivery, the postal monopoly, the deferred liability crisis, controlling costs, adjustments in service, competition with the private sector, and USPS governance and oversight.
Since the deferred liability needs to be $5,010, a credit of $3,510 is needed.
 
 
 
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