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Discuss what is the balance sheet presentation

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Question

The following future temporary differences have been identified in the process of preparing the tax accrual entry for the current year (future enacted tax rate is 30%):

Amount of Future Temporary Difference

Underlying Balance Sheet Classification

DTA/DTL

Amount of DTA/DTL

$4,000

Long-Term Asset

DTL

$1,200

$3,000

Long-Term Liability

DTA

$900

$12,000

Current Asset

DTL

$3,600

$8,000

Current Liability

DTA

$2,400

$12,000

Long-Term Liability

DTA

$3,600

$7,000

Long-Term Asset

DTL

$2,100

What is the balance sheet presentation for these deferred taxes?

Reference no: EM131779463

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