Determine the reporting of differed tax accounts

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Reference no: EM13775153

At 12/31/x2 a firm had the following ending account balances: _______$30,000 prepaid rent covering 20x3-20x5 ($10,000/year for 3 years). _______$120,000 estimated warranty liability for a four-year warranty program through 20x6 ($30,000 estimated claims/year for 4 years). Determine the reporting of differed tax accounts in the 12/31/x2 balance sheet if the tax rate is 30%.

Reference no: EM13775153

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