British Airways, Plc. (BA), a U.K. company, prepares its financial statements according to International Financial Reporting Standards. BA’s annual report for the year ended March 31, 2009, which includes financial statements and disclosure notes.Q: Where in its March 31, 2009, balance sheet does BA report deferred taxes? How does this approach differ from the way deferred taxes are reported using U.S. GAAP? Using the Internet, determine how deferred taxes would be reported using IFRS at the time of your research.
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