Company m is an s corporation and wants to convert to a c corporation effective january 1, 2022. how should m account for deferred tax assets and liabilities:

A. recognize the deferred tax assets and liabilities with the offset to retained earnings 

B. recognize the deferred tax assets and liabilities with the offset recorded as part of income from continuing operations 

C. record only future deferred tax assets and liabilities on new temporary differences created after the effective date as a c corporation 

D. do nothing as gaap does not permit recording deferred tax assets and liabilities once an entity has been an s corporation