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Tetra? Corp, an IFRS? reporter, has the deferred tax assets and liabilities presented? below: ??????????????????????Item Classification on the Balance Sheet Deferred Tax Associated with Item
Tetra? Corp, an IFRS? reporter, has the deferred tax assets and liabilities presented? below:
??????????????????????Item | Classification on the Balance Sheet | Deferred Tax Associated with Item |
Excess of warranty expense over warranty deductions | Current | ?$65,000 Asset |
Accelerated depreciation for tax purposes | ?Non-current | ?$75,000 Liability |
Installment sales receivable | Current | ?$35,000 Liability |
Contingent liability | Current | ?$25,000 Asset |
What amount will the company report for the net current and? non-current deferred? taxes?
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