Recording Income Tax Expense $($FSET$)$

Procter & Gamble, Inc. reports the following tax information in its $2020$ financial report.

a$.$ Record P&G$\text{'}$s provision for income taxes for $2020$ using the financial statement effects template.

b$.$ Explain how the provision for income affects $P$& G$\text{'}$s financial statements.

Note: Use negative signs with your answers, when appropriate.

Note: Select $"$N$/$A$"$ as your answer if a part of the accounting equation is not affected.

a$.$

b$.$

deferred tax assets $($or

deferred tax liabilities we do not have the disclosure detail to discern$).$ This deferred tax benefit in $2020$ is $

million.