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At december 31 2014 appaloosa corporation had a deferred

Question: At December 31, 2014, Appaloosa Corporation had a deferred tax liability of $25,000. At December 31, 2015, the deferred tax liability is $42,000. The corporation's 2015 current tax expense is $48,000. What amount should Appaloosa report as total 2015 income tax expense?

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Accounting Basics: At december 31 2014 appaloosa corporation had a deferred

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Accounting Basics: At december 31 2014 appaloosa corporation had a deferred

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