Youngman Corporation has temporary differences at December 31, 2025, that result in the following deferred taxes. Indicate

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Youngman Corporation has temporary differences at December 31, 2025, that result in the following deferred taxes.

Indicate how these balances would be presented in Youngman’s December 31, 2025, balance sheet.

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Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Jun 25, 2023 12:56 AM

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Youngman Corporation has temporary differences at December 31, 2025, that result in the following deferred taxes. Indicate

Question:

Deferred tax liability related to depreciation difference Deferred tax asset related to warranty liability Deferred tax liability related to revenue recognition Deferred tax asset related to litigation accruals $38,000 62,000 96,000 27,000

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The net deferred tax liability of 45000 sh...View the full answer

Intermediate Accounting

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