Prepare two disclosure notes for Typical's year 2016 financial statements to:
(a. )Show the composition of Typical's income tax expense for the year.
(b. )Explain the classification and description of the deferred tax liability.
Give supporting computations to show how you arrived at the dollar amounts disclosed in your disclosure notes.

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The Answer of Prepare two disclosure notes for Typical's year 2016 financial statements to:
(a. )Show the composition of Typical's income tax expense for the year.
(b. )Explain the classification and description of the deferred tax liability.
Give supporting computations to show how you arrived at the dollar amounts disclosed in your disclosure notes.

Prepare Two Disclosure Notes for Typical's Year 2016 Financial Statements