Question: Deferred tax liabilities require special considerations for financial statement readers. Instructions Obtain a recent edition of a financial statement analysis textbook, read the section related

Deferred tax liabilities require special considerations for financial statement readers.

Instructions Obtain a recent edition of a financial statement analysis textbook, read the section related to deferred tax liabilities, and answer the following questions.

(a) What are the major analytical issues associated with deferred tax liabilities?

(b) What type of adjustments to deferred tax liabilities do analysts make when examining financial statements?

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