Use the following information for questions 79 and 80.
Rowen, Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 40% in 2015, its first year of operations. During 2015 the company had the following transactions:
-At the end of 2015, which of the following deferred tax accounts and balances is reported on Rowen, Inc.'s balance sheet?

Question

Use the following information for questions 79 and 80.
Rowen, Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 40% in 2015, its first year of operations. During 2015 the company had the following transactions: 
-At the end of 2015, which of the following deferred tax accounts and balances is reported on Rowen, Inc.'s balance sheet?

Quizplus · Accepted Answer

The Answer of Use the following information for questions 79 and 80.
Rowen, Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 40% in 2015, its first year of operations. During 2015 the company had the following transactions: 
-At the end of 2015, which of the following deferred tax accounts and balances is reported on Rowen, Inc.'s balance sheet?

Use the Following Information for Questions 79 and 80