How are deferred tax liabilities and assets categorized on the balance sheet?

Name: How are deferred tax liabilities and assets categorized on the balance sheet?
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Quizplus · Accepted Answer

Deferred tax liabilities and assets are categorized on the balance sheet as either current or non-current, depending on when they are expected to be paid or utilized. The current portion represents those that will be due within one year, while the non-current portion represents those that will be due after one year.

How Are Deferred Tax Liabilities and Assets Categorized on the Balance