Balance Sheet Presentation
Thiel Company reports the following deferred tax items at the end of :
tabletableDeferred TaxItem #tableAccountBalancetableRelated Asset or LiabilityCreating the Deferred Tax Item$ debit,Current asset credit,Current liability debit,Noncurrent asset credit,Noncurrent liability
Required:
Show how the preceding deferred tax items are reported on Thiel's December balance sheet.
THIEL COMPANY
Balance Sheet Tax Items
December
Noncurrent Liabilities
Deferred tax liability net$
