Question: Ivanhoe Tools Inc. has temporary differences at December 31, 2017, that result in the following deferred taxes. Deferred tax liability related to depreciation difference $130,000
Ivanhoe Tools Inc. has temporary differences at December 31, 2017, that result in the following deferred taxes.
| Deferred tax liability related to depreciation difference | $130,000 | |
| Deferred tax asset related to revenue recognition | 50,000 | |
| Deferred tax liability related to warranty expense | 79,000 | |
| Deferred tax asset related to litigation accruals | 30,000 |
Indicate how these balances would be presented in Ivanhoe's December 31, 2017, balance sheet.
| Ivanhoe Tools Inc. Balance Sheet choose the accounting period December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017 | ||
|---|---|---|
| select an opening section name Current AssetsCurrent LiabilitiesExpensesIntangible AssetsNoncurrent InvestmentsNoncurrent LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Noncurrent InvestmentsTotal Noncurrent LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity | ||
| enter a balance sheet item | $enter a dollar amount | |
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