Question: Vectorman Corporation has temporary differences at December 31, 2008, that result in the following deferred taxes. Deferred tax liability current .......$38,000 Deferred tax asset current
Vectorman Corporation has temporary differences at December 31, 2008, that result in the following deferred taxes.
Deferred tax liability current .......$38,000
Deferred tax asset current .......$(52,000)
Deferred tax liability noncurrent ....$96,000
Deferred tax asset noncurrent .......$(27,000)
Indicate how these balances would be presented in Vectorman’s December 31, 2008, balance sheet.
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