Which of the following are deferred tax assets (DTAs)?
I.Warranty reserves.
II.Tax loss carryforwards.
III.Nondeductible intangibles.
IV.Pension and postretirement benefits.

Question

Quizplus · Accepted Answer

- Warranty reserves are an example of a deferred tax asset as they represent future deductible expenses for tax purposes.
- Tax loss carryforwards also represent future deductible expenses for tax purposes and are therefore deferred tax assets.
- Nondeductible intangibles are not deferred tax assets as they do not result in future deductible expenses for tax purposes.
- Pension and postretirement benefits are not necessarily deferred tax assets as they may result in either deferred tax assets or deferred tax liabilities depending on their accounting treatment.

Which of the Following Are Deferred Tax Assets (DTAs)