A company has deferred income taxes of $100,000 in its balance sheet as a noncurrent liability at
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A company has deferred income taxes of $100,000 in its balance sheet as a noncurrent liability at the end of the previous year. During the next year, the company's income tax expense in its income statement totaled $450,000, of which $395,000 was paid that year and the remainder was deferred to future years. The amount of the noncurrent liability in the balance sheet at the end of the year is ?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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