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At December 31, 20X4, Bren Cohad the following deferred income tax items: Question 8 Wot yet nswered Points out of 00 A deferred income tax

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At December 31, 20X4, Bren Cohad the following deferred income tax items: Question 8 Wot yet nswered Points out of 00 A deferred income tax liability of $15,000 related to a noncurrent asset A deferred income tax asset of $3,000 related to a noncurrent liability A deferred income tax asset of $8,000 related to a current liability Flag question Which of the following should Bren report as the noncurrent item(s) on its December 31, 20x4 balance sheet? Select one: O a. $12,000 net Liability O b. $15,000 Asset $3,000 Liability O c. $11,000 net Asset O d. $4,000 net Liability O e. $3,000 net Liability stion 9 Tyet wered The Palms company records a Deferred Tax Asset; it is likely that the DTA will not be realized due to doubtful future incomes. Palms properly records an Allowance account. Recording the allowance will increase nts out of Flag question Select one: O a. Income Tax Expense Ob Income Tax Payable O c. Deferred Tax Liability O d. Benefit due to Loss Carryforward

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