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At December 31, 2016, Windsor Company had a net deferred tax liability of $359,200. An explanation of the items that compose this balance is as
At December 31, 2016, Windsor Company had a net deferred tax liability of $359,200. An explanation of the items that compose this balance is as follows. in analyzing the temporary differences, you find that $29,300 of the depredation temporary difference will reverse in 2017, and $123,200 of the temporary difference due to the installment sale will reverse in 2017. the tax rate for all years is 40%. Indicate the manner in which deferred taxes should be presented on Windsor Company's December 31, 2016, balance sheet
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