Ignoring operating expenses and additional sales in 2010, what deferred tax liability would Isaac report in its year-end 2010 balance sheet?

Name: Ignoring operating expenses and additional sales in 2010, what deferred tax liability would Isaac report in its year-end 2010 balance sheet?
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Question

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According to the given information, the total future taxable income of Isaac is $420 million and the tax rate is 30%. Therefore, the deferred tax liability would be $126 million (30% of $420 million).

Ignoring Operating Expenses and Additional Sales in 2010, What Deferred