A is corrent. The requirement is to identify the required disclosure related to deferred taxes. According to ASC Topic 740, the types and amounts of existing temporary differences, and the nature and amount of each type of operating loss and tax credit carryforward must be disclosed in the notes to the financial statements. Permanent differences do not need to be disclosed.
B is incorrect. According to ASC Topic 740, the types and amounts of existing temporary differences, and the nature and amount of each type of operating loss and tax credit carryforward must be disclosed in the notes to the financial statements. Permanent differences do not need to be disclosed.
B is incorrect. According to ASC Topic 740, the types and amounts of existing temporary differences, and the nature and amount of each type of operating loss and tax credit carryforward must be disclosed in the notes to the financial statements. Permanent differences do not need to be disclosed.
D is incorrect. According to ASC Topic 740, the types and amounts of existing temporary differences, and the nature and amount of each type of operating loss and tax credit carryforward must be disclosed in the notes to the financial statements. Permanent differences do not need to be disclosed.
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