Under IAS 1, Presentation of Financial Statements, How Must Deferred

Multiple Choice

Under IAS 1, Presentation of Financial Statements, how must deferred taxes be classified on the balance sheet?

A) As either a current asset or a current liability
B) As either a noncurrent asset or a noncurrent liability
C) As either a current or noncurrent asset or liability based on the expected timing of realization
D) As a separately stated positive or negative component of equity