How Are Deferred Tax Liabilities and Assets Categorized on the Balance

question 107

Multiple Choice

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

• A)Capital and ordinary.
• B)Current and non-current.
• C)Domestic and foreign.
• D)Active, portfolio, and passive.
• E)Positive and negative.

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Definitions:

Form of Capital

Various types of economic resources used by businesses to fund and operate their activities, including financial, social, or physical assets.

Technology

The use of scientific understanding to achieve practical goals, particularly within industrial sectors.

Factors of Production

The resources used in the production of goods and services, traditionally classified into land, labor, capital, and sometimes entrepreneurship.