How would the amount of deferred income tax payable be reported in the balance sheet if (a) It is payable within one year (b) It is payable beyond one year ...

How would the amount of deferred income tax payable be reported in the balance sheet if (a)

Question:

How would the amount of deferred income tax payable be reported in the if
(a) It is payable within one year
(b) It is payable beyond one year?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...