"Bethlehem Steel Corporation's Deferred Taxes" Please respond to the following:

From the case study, evaluate Bethlehem Steels valuation allowance in relation to the companys ability to use deferred tax benefits in the future. Justify the position taken by Bethlehem Steel in the financial statements.

From the case study, clarify the temporary differences identified in the tax footnote to Bethlehem Steels 2000 10-K due to employee benefits, depreciable assets, and the tax loss carried forward. Indicate what a user of the financial statement information can glean from reading the tax footnote to Bethlehem Steels 2000 10-K.