Padagonian Company

Use the Deferred Income Taxes Account That

Padagonian Company

Use the Deferred Income Taxes account that appears in the financial statements of Padagonian Company to answer the related questions.
$\begin{array} { l r r } & { \text { December 31, } } \\\text { (In millions) } & \underline{ \mathbf { 2 0 1 8 } } & \underline{\mathbf { 2 0 1 7 } }\\\text { Deferred income taxes } & { \$442 }& \$ 358 \\\text { Total assets } & 22,417 & 20,834 \\\text { Total current liabilities } & 8,429 & 9,321 \\\text { Total stockholders' equity } & 11,366 & 9,316\end{array}$
-Review the information for Padagonian Company.

Required
(1)Where will the Deferred Income Taxes account most likely appear on a classified balance sheet?

(2)What percent is deferred income taxes of long-term liabilities for the two years?
2018 __________ 2017 ___________

(3)What percent is deferred income taxes of total liabilities for the two years?
2018 __________ 2017 ___________