Current Deferred Taxes

The portion of deferred taxes that relates to income which would arise by recognizing (i) the amount by which accrual adjusted balance sheet values of current assets exceed their tax basis or (ii) the amount of income that has been recorded in an accrual adjusted income statement but for which no asset or tax basis exists on the tax basis balance sheet, less (iii) the total current liabilities shown on an accrual adjusted balance sheet that, when paid, will result in a tax deduction. (II-21)

Authorization Path: 2.2.5.2.43.1