Question
At December 31, Bren Co. had the following deferred income tax items: A deferred income tax asset of $15,000 related to a current liability A
At December 31, Bren Co. had the following deferred income tax items:
A deferred income tax asset of $15,000 related to a current liability
A deferred income tax asset of $3,000 related to a noncurrent liability
A deferred income tax liability of $8,000 related to a noncurrent asset
What item(s) should be reported in the asset section(s) of the December 31st balance sheet?
Select one:
a.$15,000 Current Asset
b.$18,000 Noncurrent Asset
c.$15,000 Current Asset, $3,000 Noncurrent Asset
d.$15,000 Current Asset, $11,000 Noncurrent Asset
e.$10,000 Noncurrent Asset
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