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1.A company endseach year with the following deferred balances: 20X1 20X2 2. Deferred income tax liability, noncurrent $40,000 $59,000 Deferred income tax asset, noncurrent $18,000

1.A company endseach year with the following deferred balances:

20X1

20X2

2. Deferred income tax liability, noncurrent

$40,000

$59,000

Deferred income tax asset, noncurrent

$18,000

$17,000

3.

There is a valuation allowance on the deferred asset for $6,000 at the end of20X1 but there is no similar balance at the end of 20X2. On its20X2 income statement, what is reported as Income Tax Expense-Deferred?

4.

5.

$9,000

$18,000

$14,000

$23,000

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