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September 22, 2020

HelloThe full questions are:1. Describe why each item in the

HelloThe full questions are:1. Describe why each item in the Deferred Tax Assets and Liabilities Table in Note 6 of the financial statements exists. This includes a description of the financial reporting method and the tax reporting method and why it, therefore, generates either a deferred tax asset or liability. Reference the footnotes to support the financial reporting method used by the company.2. Describe why each item in the Effective Income Tax Rate Table in Note 6 of the financial statements exists. This includes a description of the transactions that are either increasing or decreasing the effective tax rate.

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