Vectorman Corporation has temporary differences at December 31, 2008, that result in the following deferred taxes. Deferred

Question:

Vectorman has temporary differences at December 31, 2008, that result in the following deferred taxes.
Deferred tax liability current .......$38,000
Deferred tax asset current .......$(52,000)
Deferred tax liability noncurrent ....$96,000
Deferred tax asset noncurrent .......$(27,000)
Indicate how these balances would be presented in Vectorman’s December 31, 2008, balance sheet.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...