Question: Youngman Corporation has temporary differences at December 31, 2020, that result in the following deferred taxes. Deferred tax asset............................$24,000 Deferred tax liability...........................69,000 Indicate how these

Youngman Corporation has temporary differences at December 31, 2020, 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, 2020, statement of financial position.

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