tu r pates ore changed subsequest to the creation of o deferred ax osset or lisbulity, GAA s when tox rores ts be odjusted to reect the new tox r rotes 0. Only the noncwrent deferred tox occo ounts are adjusted to reflect the new o eporing siuraoses cwrent delered tox oassets and current deferred tox nobilities are a Reported seporotely in the bolance sheet C. Reflected only io the notes to the finoncial stotements d respectively with noncurrent deferred tox assets and noncurrent deferred tox abities in the balance sheet Chopter 18-8 Mulriple Choice Questions 7. The ner assets of a corporation are equal to: A. Contrituted copita & Retained earrings. C Shareholders'equity & None of these. 8 Corporations are formed in accordance with A. The Model Business Corporation Act B. Federal stotutes C The laws of individual states D. Federal trade commission regulations 9 Issued stock refers to the number of shares: A Outstanding plus treasury shares 8 Shares issued for cash C In the hands of shareholders. D. That may be issued under state law When more than one security is sold for a single price and the total selling price is not equal to the sum of the market prices, the cash received is allocated between the securities based on A. Relative book values B. Par values 10. C Relative market values. D. The earnings per share