Question
The following future temporary differences have been identified in the process of preparing the tax accrual entry for the current year (future enacted tax rate is 30%):
|
Amount of Future Temporary Difference
|
Underlying Balance Sheet Classification
|
DTA/DTL
|
Amount of DTA/DTL
|
|
$4,000
|
Long-Term Asset
|
DTL
|
$1,200
|
|
$3,000
|
Long-Term Liability
|
DTA
|
$900
|
|
$12,000
|
Current Asset
|
DTL
|
$3,600
|
|
$8,000
|
Current Liability
|
DTA
|
$2,400
|
|
$12,000
|
Long-Term Liability
|
DTA
|
$3,600
|
|
$7,000
|
Long-Term Asset
|
DTL
|
$2,100
|
What is the balance sheet presentation for these deferred taxes?