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Deferred Taxes Should Be Presented on the Balance Sheet

Question 50

Multiple Choice

Deferred taxes should be presented on the balance sheet


A) as one net debit or credit amount.
B) in two amounts: one for the net current amount and one for the net noncurrent amount.
C) in two amounts: one for the net debit amount and one for the net credit amount.
D) as reductions of the related asset or liability accounts.

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