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At December 31, 20X4, Bren Cb. had the following deferred income tax items: . A deferred income tax liability of $15,000 related to a current
At December 31, 20X4, Bren Cb. had the following deferred income tax items: . A deferred income tax liability of $15,000 related to a current asset . A deferred income tax asset of $3,000 related to a current liability . A deferred income tax asset of $8,000 related to a noncurrent liability Which of the following should Bren report in the nocurrent section(s) of its December 31, 20X4 balance sheet? Select one: O a. $12,000 Net Liability O b. $4,000 Net Liability O c. $7,000 Net Liability O d. $7,000 Net Asset O e. $3,000 Net Asset
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