A Company Has Four "Deferred Income Tax" Accounts Arising from Timing

Question 12
Multiple Choice

A company has four "deferred income tax" accounts arising from timing differences involving 1)current assets,2)noncurrent assets,3)current liabilities,and 4)noncurrent liabilities.The presentation of these four "deferred income tax " accounts in the statement of financial position should be shown as A)A single net amount B)A net current and a net noncurrent amount C)Four accounts with no netting permitted D)Valuation adjustments of the related assets and liabilities that gave rise to the deferred tax