Homework Answers
| Crane Corporation | |
|---|---|
| Balance Sheet (Partial) | |
| December 31, 2017 | |
| Non-Current Liabilities | |
| Deferred Tax Liability | $59,800 |
Explanation :
- Total Deferred Tax Asset = $58,700 + $25,600 = $84,300
- Total Deferred Tax Liability = $39,100 + $105,000 = $144,100
- Net Deferred Tax Liability = $144,100 - $84,300 = $59,800
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