Question: INTERMEDIATE ACCOUNTING 2 - CHAPTER 19 COMPANIES ARE REQUIRED TO DISCLOSE ALL OF THE FOLLOWING EXCEPT: A. ALL DEFERRED TAX ASSETS B. ALL DEFERRED TAX

INTERMEDIATE ACCOUNTING 2 - CHAPTER 19

COMPANIES ARE REQUIRED TO DISCLOSE ALL OF THE FOLLOWING EXCEPT:

A. ALL DEFERRED TAX ASSETS

B. ALL DEFERRED TAX LIABILITIES

C. THE TOTAL VALUATION ALLOWANCE

D. ALL OF THESE MUST BE DISCLOSED.

PLEASE EXPLAIN YOUR ANSWER. WHY MUST THEY BE DISCLOSED AND WHAT IS THEIR PURPOSE?

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