What Is the Amount of the Deferred Tax Asset or Liability

question 54

Multiple Choice

What is the amount of the Deferred Tax Asset or Liability on December 31,2011?

• A)a Deferred Tax Asset of $1,350
• B)a Deferred Tax Asset of $1,675
• C)a Deferred Tax Liability of $1,350
• D)a Deferred Tax Liability of $375