A company has four 'deferred income tax" situations arising from timing differences involving current assets, noncurrent assets, current liabilities and noncurrent liabilities. Under the FASB's current standards, the presentation of these four "deferred income tax" situations in the statement of financial position should be shown as A single net noncurrent amount A net current amount and a net noncurrent amount Four accounts with no netting permitted Valuation adjustments to the related assets and liabilities that cave rise to the deferred income taxes