Gap Inc: deferred income taxes, valuation allowance:
I need help with this please! Examine and analyze The Gaps financial statements and tax notes. Based on your analysis, create a 4 to 5 page report in Microsoft Word document that includes answers to the following questions:
How is the information related to the company's deferred income taxes presented?
Does the company have deferred tax assets and liabilities? If yes, summarize what they are related to.
Does the company have any valuation allowances? Why or why not.
Does the company have any operating loss carryforwards? Why?