Which of the Following Statements Best Describes the Disclosure of a Company's

Multiple Choice

Which of the following statements best describes the disclosure of a company's deferred tax assets and liabilities?

A) Deferred tax assets and liabilities must be separately disclosed in the balance sheet.
B) All deferred tax assets and liabilities are treated as noncurrent and can be netted and disclosed as one aggregate amount on the balance sheet.
C) Current deferred tax assets and liabilities and noncurrent deferred tax assets and liabilities can always be netted on the balance sheet.
D) All deferred tax assets and liabilities are treated as noncurrent and can be netted on the balance sheet only if they arise in the same tax jurisdiction.