At the End of 2014,the Only Expected Future Temporary Difference

question 2

Multiple Choice

At the end of 2014,the only expected future temporary difference is implied by the following account found in the balance sheet: 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) Current deferred tax liability
• B) Current deferred tax asset
• C) Noncurrent deferred tax liability
• D) Noncurrent deferred tax asset

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