At the End of 2014, the Only Expected Future Temporary

question 4

Multiple Choice

At the end of 2014, the only expected future temporary difference is implied by the following account found in the balance sheet: Prepaid rent = $22,000
The footnotes reveal that the prepaid rent applies only to 2015.You would also expect to find which of the following in the balance sheet:

• A)Noncurrent deferred tax liability
• B)Current deferred tax asset
• C)Noncurrent deferred tax asset
• D)Current deferred tax liability

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Definitions:

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The extent to which a study accurately demonstrates a cause-and-effect relationship between variables.

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The extent to which the results of a study can be generalized to other situations and to other people.

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