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RadioCo, a domestic corporation, reports a deferred tax asset relating to receivables of $134,000 and a deferred tax liability relating to cost recovery of $174,200.
RadioCo, a domestic corporation, reports a deferred tax asset relating to receivables of $134,000 and a deferred tax liability relating to cost recovery of $174,200. How and where on the GAAP financial statement will RadioCo report these items?
On the GAAPbalance sheet, RadioCo reports the deferred tax amounts asnoncurrent. RadioCo can net the deferred tax asset and deferred tax liability and report a $____ deferred taxliability
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