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Barth James Inc. has the following deferred tax assets and liabilities: $12,000 noncurrent deferred tax...

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Question

Accounting

Barth James Inc. has the following deferred tax assets and liabilities: $12,000 noncurrent deferred tax asset, and $10,500 noncurrent deferred tax liability. Show how Barth James would report these deferred tax assets and liabilities on its balance sheet.

Balance sheet presentation:
Noncurrent assets:
Deferred tax asset

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