Tax Expense [WLOs: 1, 2, 3, 4, 5, 6] [CLOs: 1, 2, 3, 4, 5] Prior to beginning wo

Tax Expense [WLOs: 1, 2, 3, 4, 5, 6] [CLOs: 1, 2, 3, 4, 5]
Prior to beginning work on this discussion forum, read Chapters 7 and 8 and access the most current Coca-Cola Company’s Securities and Exchange Commission (SEC) 10K filing on the All SEC Filings (Links to an external site.) webpage.
Write: Make sure your response addressing the following questions is more than 200 words and that you include a brief paraphrase or direct quote from the reading material where appropriate. Include proper in-text citations for each paraphrase or direct quote as shown in the UAGC Writing Center’s Citing Within Your Paper (Links to an external site.) guide.
Discussion Question
Identify and discuss the following aspects of Coca Cola’s consolidated tax expense disclosed in the financial statements:
Loss carryforwards and carrybacks
Components of deferred tax assets and liabilities
Deferred tax impacts of stock sales by equity investees
Deferred tax impacts of sales of interests in investees
Valuation allowances on deferred taxes