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As of December 31, 2024, Lange Company has the following deferred tax assets and liabilities: Deferred tax assets Pension plans Inventory Total deferred tax
As of December 31, 2024, Lange Company has the following deferred tax assets and liabilities: Deferred tax assets Pension plans Inventory Total deferred tax assets Deferred tax liabilities Property, plant and equipment Gain on equity investments (unrealized) Total deferred tax liabilities Required: $300,000 200,000 $500,000 $ 100,000 350,000 $450,000 1. Assume that all of Lange's deferred tax assets and liabilities are in the same tax jurisdiction. How would deferred taxes be shown on Lange's balance sheet? 2. Assume that the deferred tax effects of Lange's pension plans and unrealized gains on investments occurred in a different tax jurisdiction from Lange's other deferred tax effects. How would deferred taxes be shown on Lange's balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that all of Lange's deferred tax assets and liabilities are in the same tax jurisdiction. How would deferred taxes be shown on Lange's balance sheet?
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