Which of the Following Statements Is Not Correct

Which of the following statements is not correct?

A) All current deferred tax liabilities and assets shall be offset and presented as a single amount on the balance sheet.
B) Deferred tax assets related to carryforwards shall be classified as current or noncurrent on the balance sheet based on their expected date of reversal.
C) All current and noncurrent deferred tax assets shall be offset and presented as a single amount on the balance sheet.
D) Deferred tax liabilities and assets shall be classified as current or noncurrent on the balance sheet based on the classification of the asset or liability giving rise to the deferred tax item.