Assuming No Other Deferred Tax Items Exist in a Particular

Multiple Choice

Assuming no other deferred tax items exist in a particular year, a net operating loss (NOL) carryforward can only be result in the balance sheet at the end of the NOL year showing:

A) A receivable under current assets for an income tax refund.
B) A current deferred tax asset.
C) A noncurrent deferred tax asset.
D) Both a current and a noncurrent deferred tax asset.