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A deferred tax liability that is due in 5 years is classified as a long-term liability....

A deferred tax liability that is due in 5 years is classified as a

long-term liability.
current liability.
stockholders' equity account.
long-term asset.
current asset.
Business   Accounting   
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Answer #1

A deferred tax liability is an account on a company's balance sheet that is a result of temporary differences between the company's accounting and tax carrying values, the anticipated and enacted income tax rate, and estimated taxes payable for the current year. This liability may be realized during any given year, which makes the deferred status appropriately.

Therefore if the differed tax liability is due for in 5 years is classified as long term liability.

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