ASC 740 permits a corporation to net its current and long-term deferred tax liabilities.
Only like-holding period deferred tax accounts from the same jurisdiction can be netted.

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The Answer of ASC 740 permits a corporation to net its current and long-term deferred tax liabilities.
Only like-holding period deferred tax accounts from the same jurisdiction can be netted.

ASC 740 Permits a Corporation to Net Its Current and Long-Term