After Applying the Balance Sheet Method to Determine the GAAP

question 51

Essay

After applying the balance sheet method to determine the GAAP income tax expense of Poppert Inc., the following account balances are found.Determine the balance sheet presentation of these amounts.Hint: Which of the accounts should you combine for the final balance sheet disclosure? $$\begin{array} { l c } \text { Deferred tax assets, current } & \$ 500,000 \\\text { Deferred tax assets, noncurrent } & 145,000 \\\text { Deferred tax liabilities, current } & 80,000 \\\text { Deferred tax liabilities, noncurrent } & 310,000\end{array}$$

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Definitions:

Fixed Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses.

Fixed Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, often used in learning and conditioning.

Gym

A facility equipped with specialized equipment for strength, cardio, and flexibility training, aimed at improving physical fitness.

Reward

A positive reinforcement given following a desired behavior, with the aim of increasing the likelihood of the behavior occurring again.