For disclosing the periodic income tax expense on the income statement, one method advocated by proponents of the net-of-tax method theorize that this method should report:
A. income tax expense equal to current income tax payable
B. only deferred tax assets but not deferred tax liabilities
C. only deferred tax liabilities but not deferred tax assets
D. net operating loss tax carry-forwards but not net operating loss tax carry-backs