Question 15 1 pts At the end of 2017 the President signed the Tax Cuts and Jobs Act (TCJA) that reduced corporate tax rates. As a result, the property account for the effect of TCJA on their deferred tax assets and liabilities corporations made adjustments which Increased their deferred tax assets and deferred tax liabilities. Reduced their deferred tax assets and deferred tax liabilities Increased their deferred tax assets but reduced their deferred tax habilities Made no changes to their deferred tax assets and deferred tax liabilities Question 16 1 pts The obligations under capital leases should be reported on the balance sheet as All amounts due as current liabilities All amounts due as noncurrent liabilities All current portions as current liabilities and the remainder as noncurrent liabilities None of the above