Analysis Case 16-8 (Static) Reporting deferred taxes; Ford Motor Company [LO16-2, 16-3, 16-4, 16-7]

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 Fords 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 Fords 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?

PS THE ANSWERS ARE NOT:

1. 11, 007 million

2. 1,831 million

3. 6 billion nor 2.5 Billion

5. 38%

5. 38%