the question 2 and 3 in the

2,

A company has determine its deferred tax to be as follows, classified individually:

current deferred tax asset 50000

no current deferred tax asset 80000

current deferred tax liability 60000

non current deferred tax liability 70000

(1) what deferred taxes will it report in its balance sheet under current GAAp

(2) what deferred tax would it report in its balance sheet under ASU 2015-7?

3, which of the following statements is true about uncertain tax positions

(1) they give rise to tax benefits that reduce income tax payable

(2) they stem from tax deductions a company has taken that may be disallowd

(3) they are subject to the MLTN constraint for financial statement recognition purpose