At December 31, 2006, Yserbius Corporation had a deferred tax liability of $25,000. At Decem- ber 31,

Question:

At December 31, 2006, Yserbius Corporation had a deferred tax liability of $25,000. At Decem- ber 31, 2007, the deferred tax liability is $42,000. The corporation's 2007 current tax expense is $43,000. What amount should Yserbius report as total 2007 tax expense?

Fantastic news! We've Found the answer you've been seeking!