Answer
1. Current Assets
Deferred tax asset (DTA) 24,000
2. Non-Current liabilities
Deferred tax liability (DTL) 69,000
Work Step by Step
1. DTA: (62,000-38,000) = 24,000
2. DTL :(96,000-27,000) = 69,000
Intermediate Accounting (16th Edition)
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
1118743202
ISBN 13:
978-1-11874-320-1
Chapter 19 - Accounting for Income Taxes - Review and Practice - Brief Exercises - Page 1094: BE19-15
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
