Question: Under the asset-liability method, deferred taxes should be presented on the balance sheet as either net noncurrent deferred tax assets or noncurrent deferred tax liabilities.

Under the asset-liability method, deferred taxes should be presented on the balance sheet

as either net noncurrent deferred tax assets or noncurrent deferred tax liabilities.

as one net debit or credit amount.

as reductions of the related asset or liability accounts.

in two amounts: one for the net debit amount and one for the net credit amount.

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