Question: Hut Co . has temporary taxable differences that will reverse during the next year and add to taxable income. These differences relate to non -
Hut Co has temporary taxable differences that will reverse during the next year and add to taxable income. These differences relate to noncurrent assets. Under US GAAP, deferred income taxes based on these temporary differences should be classified in Hut's balance sheet as a:
Group of answer choices
Noncurrent liability.
Current asset.
Current liability.
Noncurrent asset.
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