Below is a listing of CCS Company€™s deferred tax assets and liabilities.

Assuming that CCS meets the conditions to net assets and liabilities, what amount will it report for each line item below?
Line Item Amount Reported
Deferred Tax Assets€“ Current _____________________
Deferred Tax Assets€“ Noncurrent _____________________
Deferred Tax Liabilities€“ Current _____________________
Deferred Tax Liabilities€“ Noncurrent _____________________

Transcribed Image Text:

Defered Tax Associated Classification on the Balance Sheet Item Receivable-Installment Sales Equipment-Depreciation Expense Warranty Liability-Warranty Expense Net Operating Loss-Carryforward with Item Current Noncurrent Ourrent Noncurrent S 55,000- Liability 64,000 - Liability 2,000- Asset 120,000 Asset