Tax Drill - Tax Disclosures

Indicate whether the following statements are "True" or "False" regarding tax disclosure on the financial statements.

1. Deferred tax liabilities or deferred tax assets are classified as either current or non-current, based on the assets or liabilities that created the temporary differences.
2. The tax note rate reconciliation generally reports only differences triggered by temporary differences.
3. A corporation reports a total income tax expense that consists of both the current tax expense (or benefit) and the deferred tax expense (or benefit).