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Item Yen in thousands Net income before tax reported on the income statement...

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Accounting

Item Yen in thousands
Net income before tax reported on the income statement in current year $2,000
Depreciation expense included in earnings before tax in current year $3,000
Finance expenses not deductible for tax purposes $1,200
Depreciation deductible for tax purposes in a prior year $6,500
Corporate tax rate 35%

The companys end-of-year balance sheet will most likely include (in thousands) a deferred tax

Question 10 options:

A. liability of $2,345.

B. asset of $805.

C. liability of $1,225.

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