True or False: A deferred tax asset represents the increase in taxes refundable in future years as a result of deductible temporary differences existing at the end of the current year.

True.

A deferred tax is is an item on a comapany's balance sheet that may be used to reduce taxable income in future.

In a situation when a company overpays it's tax or pays in advance the taxes are eventually returned as tax relief.

Explanation:

recent improvements in technology/telecommunication/internet have increased the pace of globalization.

explanation:

recent improvements in technology have enhanced the pace of globalization. it is not difficult to recognize that technology has created the human race one big issue. there are several aspects to technology but they all serve to meet us the further. i can beat and be friends with a fellow, thousands of miles away. technology has also bridged the knowledge gap and has presented for the ready transfer of ideas and values.