At December 31, 2017, Bren Co. has the following deferred income tax items:
• A deferred income tax liability of $15,000 related to a non-current asset
• A deferred income tax asset of $3,000 related to a non-current liability
• A deferred income tax asset of $8,000 related to a current liability
Which of the following should Bren report in the non-current section of its December 31, 2017 balance sheet?
A) A non-current liability of $4,000.
B) A non-current asset of $11,000 and a non-current liability of $15,000.
C) A non-current liability of $12,000.
D) A non-current asset of $3,000 and a non-current liability of $15,000.
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