Question: Youngman Corporation has temporary differences at December 31, 2014, that result in the following deferred taxes. Deferred tax asset $24,000 Deferred tax liability $69,000 Indicate

Youngman Corporation has temporary differences at December 31, 2014, that result in the following deferred taxes.

Deferred tax asset                 $24,000
Deferred tax liability             $69,000

Indicate how these balances would be presented in Youngman’s December 31, 2014, statement of financial position.

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