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Moody Corporation Recorded the Following Deferred Tax Assets and Liabilities $500,000 \quad\quad\quad\quad\quad\$ 500,000

Question 86

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Moody Corporation recorded the following deferred tax assets and liabilities: Current deferred tax assets $500,000 \quad\quad\quad\quad\quad\$ 500,000
Current deferred tax liabilities (600,000) \quad\quad\quad\quad(600,000)
Non-current deferred tax assets 800,000 \quad\quad\quad\quad\mathbf{8 0 0 , 0 0 0}
Non-current deferred tax liabilities (2,000,000\quad\quad (\mathbf{2 , 0 0 0 , 0 0 0}
Net deferred tax liabilities $1,300,000) \quad\quad\quad\quad\quad\$ \mathbf{1 , 3 0 0 , 0 0 0})
All of the deferred tax accounts relate to temporary differences that result from the company's U.S. operations. Moody wants to minimize the number of deferred tax accounts it reports on the balance sheet. What is the minimum number of deferred tax accounts Moody can report on its balance sheet and what are the names and dollar amounts in each account?

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$100,000 net current...

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