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Felix Inc. has no deferred taxes at the beginning of 2018. During the year, two temporary differences arise at the end of 2018 that will
Felix Inc. has no deferred taxes at the beginning of 2018. During the year, two temporary differences arise at the end of 2018 that will reverse in future years as follows: . Temporary difference (1) will cause taxable amounts of E 9 000 in 2019, @ 5 000 in 2020, and E 18 000 in 2021. . Temporary difference (ii) will cause tax-deductible amounts of E 4 000 in 2019, E 16 000 in 2020, and E 11 000 in 2021. Financial income before income taxes is E110 000 each of these years, and the enacted income tax rate is 40% for 2018 and 2019, and 30% for 2020 and thereafter. Based on the above information, what are the ending balances of the deferred tax asset and liability accounts for the subsequent year (2019)? Enter 0 if there is no deferred tax asset or liability. Deferred tax asset balance at end of 2019: E Deferred tax liability balance at end of 2019: E
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