Ignoring operating expenses, what deferred tax liability would Isaac report in its year-end 2009 balance sheet?

Question

Quizplus · Accepted Answer

The deferred tax liability calculation is based on future taxable income and the tax rate. The information given in the question states that the total future taxable income is $540 million and the tax rate is 30%. Using this information, the deferred tax liability would be $162 million (i.e. $540 million x 30%).

Ignoring Operating Expenses, What Deferred Tax Liability Would Isaac Report