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

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Definitions:

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Individuals with Disabilities Act

A U.S. law that ensures students with disabilities are provided with a free appropriate public education that is tailored to their individual needs.

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Cultural Sensitivity

The awareness, understanding, and respect for cultural differences and the ability to effectively interact with people from diverse backgrounds.