Question: Youngman Ltd. has temporary differences at December 31, 2019, that result in the following deferred taxes. Deferred tax asset................................HK$24,000 Deferred tax liability............................HK$69,000 Indicate how these

Youngman Ltd. has temporary differences at December 31, 2019, that result in the following deferred taxes.

Deferred tax asset................................HK$24,000

Deferred tax liability............................HK$69,000

Indicate how these balances would be presented in Youngman's December 31, 2019, statement of financial position.

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