A Company That Has Both Short-Term Deferred Tax Assets of $22,000

question 40

Multiple Choice

A company that has both short-term deferred tax assets of $22,000, long-term deferred tax liabilities of $36,000, short-term deferred tax liabilities of $51,000 and short-term deferred tax assets of $60,000 should report

• A) A current asset for $22,000, a current liability for $36,000, a long-term asset for $60,000, and a long-term liability for $51,000.
• B) A current liability for $14,000 and a long-term asset for $9,000.
• C) A non-current liability for $5,000.
• D) A current liability for $14,000, a long-term asset for $60,000, and a long-term liability for $51,000.

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Definitions:

Innovative Marketing

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Final Call

The last opportunity to make a decision, purchase, or participate in an activity before a final deadline.

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A leader who possesses the qualities and mindset of an entrepreneur, focusing on identifying opportunities, taking risks, and innovating within their organization.

High Enthusiasm

Represents a state of intense excitement or eagerness, crucial for driving motivation and engagement in various contexts.