1. At the end of 2014, the only expected future temporary difference is implied by the following account found in the balance sheet:

Prepaid Rent ...........$22,000

The footnotes reveal that the prepaid rent applies only to 2015. You would also expect to find which of the following in the balance sheet:

Options:

- current deferred tax liability

- current deferred tax asset

- Non current deferred tax liability

- Non current deferred tax asset