Access the financial statements and related disclosure

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Reference no: EM13788929

Access the financial statements and related disclosure notes of Google Inc., from its website at investor.google.com. In google's balance sheet, deferred income taxes in 2010 are reorted as both a current asset ($259 million) and a noncurrent asset ($265 million) but none among liabilities.

Note 15 in the disclosure notes indicates that deferred tax assets are $1,221 million in 2010 and deferred tax liabilities are $405 million. How can that be explained in light of the two amounts reported in the balance sheet?

Please explain based on note 15 as to how the amounts of deferred income taxes of $259 million and $265 million in the balance sheet for 210 were derived?

Reference no: EM13788929

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