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Home > Education > Homework Help > Finance & Accounting   »   Deferred tax liability

 
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Old Jul 29, 2006, 09:49 AM
lynette1259
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Deferred tax liability

I would appreciate any help I could get with this.

Alton reported a current deferred tax liability of $140,000 and a noncurrent deferred tax asset of $40,000 in 2004. At the end of 2005, they reported a current deferred tax liability of $100,000, and a noncurrent deferred tax liability of $44,000. The deferred tax expense for 2005 is

$144,000
$44,000
$36,000
$4,000


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