Problem
1. If discounting were used in the area of deferred tax assets and liabilities (as this chapter advocates), would there be any particular difficulty relative to tax-loss carrv forwards?
2. Do you think that income tax allocation can improve the prediction of future tax payments in the short-run:
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.