Multiple Choice
A company that has both short-term deferred tax assets of $22,000,long-term deferred tax liabilities of $36,000,short-term deferred tax liabilities of $51,000 and short-term deferred tax assets of $60,000 should report
A) A current asset for $22,000,a current liability for $36,000,a long-term asset for $60,000,and a long-term liability for $51,000.
B) A current liability for $14,000 and a long-term asset for $9,000.
C) A current asset for $5,000.
D) A current liability for $14,000,a long-term asset for $60,000,and a long-term liability for $51,000.
Correct Answer:

Verified
Correct Answer:
Verified
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