Access the 2016 financial statements and related disclosure notes of Ford Motor Company from its website at
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Question:
Access the 2016 financial statements and related disclosure notes of Ford Motor Company from its website at corporate.ford.com.
Required: 1. In Note 21, find Ford’s net deferred tax asset or liability. What is that number?
2. Does Ford show a valuation allowance against deferred tax assets? If so, what is the number, and what is Ford’s explanation for it?
3-a. Does Ford have any NOL carryforwards?
3-b. What is the amount of any carryforward, what deferred tax asset or liability is associated with it? (Round your answer to 1 decimal place.)
3-c. What effective tax rate does that imply was used to calculate its deferred tax effect?
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson, Wayne Thomas
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