According to the given data analyze the companies deferred tax asset and liabilities, do you except lower
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According to the given data analyze the companies deferred tax asset and liabilities, do you except lower or higher tax payments in the future?
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Deferred tax assets: Operating lease liabilities Stored value card liability and deferred revenue Intangible assets and goodwill Accrued occupancy costs Other Total Valuation allowance Total deferred tax asset, net of valuation allowance Deferred tax liabilities: Operating lease, right-of-use assets Property, plant and equipment Intangible assets and goodwill Other Total Net deferred tax asset (liability) Reported as: Deferred income tax assets Deferred income tax liabilities (included in Other long-term liabilities) Net deferred tax asset (liability) $ $ $ Sep 27, 2020 2,313.0 $ 1,678.6 248.6 554.4 4,794.6 $ (239.4) 4,555.2 $ (2,191.8) (463.3) (145.1) (123.2) (2,923.4) 1,631.8 1,789.9 $ (158.1) 1,631.8 $ Sep 29, 2019 1,649.0 230.0 121.6 413.0 2,413.6 (75.1) 2,338.5 (400.9) (209.9) (148.3) (759.1) 1,579.4 1,765.8 (186.4) 1,579.4 Deferred tax assets: Operating lease liabilities Stored value card liability and deferred revenue Intangible assets and goodwill Accrued occupancy costs Other Total Valuation allowance Total deferred tax asset, net of valuation allowance Deferred tax liabilities: Operating lease, right-of-use assets Property, plant and equipment Intangible assets and goodwill Other Total Net deferred tax asset (liability) Reported as: Deferred income tax assets Deferred income tax liabilities (included in Other long-term liabilities) Net deferred tax asset (liability) $ $ $ Sep 27, 2020 2,313.0 $ 1,678.6 248.6 554.4 4,794.6 $ (239.4) 4,555.2 $ (2,191.8) (463.3) (145.1) (123.2) (2,923.4) 1,631.8 1,789.9 $ (158.1) 1,631.8 $ Sep 29, 2019 1,649.0 230.0 121.6 413.0 2,413.6 (75.1) 2,338.5 (400.9) (209.9) (148.3) (759.1) 1,579.4 1,765.8 (186.4) 1,579.4
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The deferred tax asset is the amount of taxes that a company expects to pay in the future while the ... View the full answer
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