Explain which component appears on the corporations tax form


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a) You are reviewing a corporation's financial statements and observe that the income tax expense has two components-a current portion and a deferred portion.

b) Explain which component appears on the corporation's tax form and why there are two components presented in the financial statements.

The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.

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