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The following future temporary differences have been identified in the process of preparing the tax accrual entry for the current year (future enacted tax rate
The following future temporary differences have been identified in the process of preparing the tax accrual entry for the current year (future enacted tax rate is 30%):
Amount of Future Temporary Difference | Underlying Balance Sheet Classification | DTA/DTL | Amount of DTA/DTL |
$4,000 | Long-Term Asset | DTL | $1,200 |
$3,000 | Long-Term Liability | DTA | $900 |
$12,000 | Current Asset | DTL | $3,600 |
$8,000 | Current Liability | DTA | $2,400 |
$12,000 | Long-Term Liability | DTA | $3,600 |
$7,000 | Long-Term Asset | DTL | $2,100 |
What is the balance sheet presentation for these deferred taxes?
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