1.A review of the balance sheet of growing companies will likely show:

A.no deferred tax liabilities.

B.a decrease in deferred tax liabilities.

C.steady tax liabilities.

D.an increase in deferred tax liabilities.

2. Beginning in 2017 for calendar-year public firms, all deferred tax assets and liabilities are classified as:

A.current assets and liabilities.

B.none of these choices are correct.

C.income tax expense.

D. noncurrent assets and liabilities.