After applying the balance sheet method to determine the GAAP income tax expense of Poppert Inc., the following account balances are found.Determine the balance sheet presentation of these amounts.Hint: Which of the accounts should you combine for the final balance sheet disclosure? $$\begin{array} { l c }
\text { Deferred tax assets, current } & \$ 500,000 \
\text { Deferred tax assets, noncurrent } & 145,000 \
\text { Deferred tax liabilities, current } & 80,000 \
\text { Deferred tax liabilities, noncurrent } & 310,000
\end{array}$$

Question

After applying the balance sheet method to determine the GAAP income tax expense of Poppert Inc., the following account balances are found.Determine the balance sheet presentation of these amounts.Hint: Which of the accounts should you combine for the final balance sheet disclosure? $$\begin{array} { l c } 
\text { Deferred tax assets, current } & \$ 500,000 \
\text { Deferred tax assets, noncurrent } & 145,000 \
\text { Deferred tax liabilities, current } & 80,000 \
\text { Deferred tax liabilities, noncurrent } & 310,000
\end{array}$$

Quizplus · Accepted Answer

The Answer of After applying the balance sheet method to determine the GAAP income tax expense of Poppert Inc., the following account balances are found.Determine the balance sheet presentation of these amounts.Hint: Which of the accounts should you combine for the final balance sheet disclosure? $$\begin{array} { l c } 
\text { Deferred tax assets, current } & \$ 500,000 \
\text { Deferred tax assets, noncurrent } & 145,000 \
\text { Deferred tax liabilities, current } & 80,000 \
\text { Deferred tax liabilities, noncurrent } & 310,000
\end{array}$$

After Applying the Balance Sheet Method to Determine the GAAP