Answer: as a noncurrent amount
Explanation:
Deferred tasks are are represented as assets and liabilities on the balance sheet. Deferred assets on the balance sheet result from overpayment or advance payment of taxes while the deferred tax liabilities represents income taxes owed. On the balance sheet they are classed as noncurrent amounts by businesses. This is to say, that deferred tax assets and deferred task liabilities are both recognized and measured separately, and then are offset in the balance sheet. The net result of the deferred tax liabilities and the deferred tax assets are reported in the noncurrent amount section.
