All of the following statements are correct concerning PAS 12 Income Taxes. Which is the exception?

(1 Point)

- When an entity makes a distinction between current and non-current assets and liabilities, it should not classify deferred tax assets and liabilities as current.

- Deferred tax assets and liabilities should be discounted

- Deferred tax assets and liabilities should be distinguished from current tax assets and liabilities

- Tax assets and liabilities should be presented separately from other assets and liabilities in the statement of financial position