Deferred income taxes are usually classified as

a. current or noncurrent based on the classification of the related asset (liability) for financial reporting purposes
b. noncurrent assets or noncurrent liabilities
c. current or noncurrent according to the expected reversal date of the temporary difference
d. current assets or current liabilities

Ans: a. current or noncurrent based on the classification of the related asset (liability) for financial reporting purposes

Business

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