8 During 20X3, Vault Company changed its tax status. What is the impact of this change on Vault's balance sheet with respect to deferred income taxes? 1 2 3 in If the change is from nontaxable to taxable, a deferred tax asset or liability should be recognized for temporary differences at the date of the change in status. If the change is from nontaxable to taxable, there should be no deferred tax assets or liabilities recognized after the change. If the change is from taxable to nontaxable, no additional deferred tax assets or liabilities can be recognized, but any existing deferred tax assets or liabilities may not be amortized or otherwise written off. There is no particular impact-Vault should continue 4 accounting for deferred taxes in the same manner as it did before the change