Final answer:
The disclosure of deferred income tax information is important for the better assessment of earnings, future cash flow predictions, and informing government policy. It aids stakeholders in understanding a company's economic status and guides policy decisions, particularly in relation to fiscal policies and their economic impact.
Step-by-step explanation:
The major reasons for disclosure of deferred income tax information are to provide a better assessment of the quality of earnings, enable better predictions of future cash flows, and potentially inform government policy decision-making. Understanding deferred taxes helps stakeholders gauge the true economic situation of a company, apart from its temporary tax-timing differences. Such in-depth knowledge contributes to better financial analysis and economic insight, which are essential for investors, policymakers, and the broader economy.
In the context of government policy, the disclosure aids in scrutinizing how changing tax rules impact available resources and influence corporate behaviors. For instance, discretionary fiscal policy changes tax or spending levels to adjust economic activity. Taxes, a critical public finance component, can crowd out private investment but are necessary for funding services like education and road repair. Moreover, taxes such as the corporate income tax, estate, and gift taxes are essential for wealth redistribution and funding governmental expenditures.
Therefore, answer 4, 'all of these,' is the correct option as it encapsulates the comprehensive purposes served by the disclosure of deferred income tax information.