Obtain The Coca-Cola Company's 2010 annual report either using the ''Investor Relations'' portion of its website (do a web search for Coca-Cola investor relations) or go to www.sec.gov and click ''Search for company filings'' under ''Filings and Forms (EDGAR).''
Required:
1. What was the total income tax expense relating to income before income taxes for 2010? How much of this was current? How much was deferred?
2. What were the total deferred tax assets at the end of 2010? Total deferred tax liabilities? Net deferred tax liability?
3. How much was the noncurrent deferred tax liability at the end of 2010 and where was it reported?
4. How much were the operating loss carry-forwards at the end of 2010? Over what time periods must these be utilized?