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  3. abc, inc. reported $40,000 as deferred tax assets

ABC, Inc. reported $40,000 as deferred tax assets and $53,000 as deferred tax liabilities at...

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Accounting

ABC, Inc. reported $40,000 as deferred tax assets and $53,000 as deferred tax liabilities at the beginning of Year 2. At the end of Year 2, Rein reported $58,000 as deferred tax assets and $65,000 as deferred tax liabilities. What should ABC report as deferred income tax expense or benefit at the end of Year 2?

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