Question: Youngman Corporation has temporary differences at December 31, 2012, that result in the following deferred taxes. Deferred tax asset .... $24,000 Deferred tax liability ..

Youngman has temporary differences at December 31, 2012, 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, 2012, statement of financial position.

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