RESEARCH CASE: CONSOLIDATED TAX EXPENSE CPA skills Access a recent copy of The Coca-Cola Company's financial statements (www.coca-colacompany com). Identify and discuss the following aspects of consolidated tax expense disclosed in the financial statements: 1. Loss carry-forwards. 2. Components of deferred tax assets and liabilities. 3. Deferred tax impacts of stock sales by equity investees. 4. Deferred tax impacts of sales of interests in investees 5. Valuation allowances on deferred taxes.