At December 31, 2013, Ambuir Corporation had a deferred tax liability of $35,000. At December 31, 2014,

Question:

At December 31, 2013, Ambuir had a deferred tax liability of $35,000. At December 31, 2014, the deferred tax liability is $52,000. The corporation's 2014 current tax expense is $53,000. What amount should Ambuir report as total 2014 income tax expense?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...