Deferred Tax Liability is usually

Type of Account

Reported on the

Short-term

Income...

Question

Deferred Tax Liability is usually

Type of Account

Reported on the

Short-term

Income statement

Short-term

Statement of stockholders’ equity

Long-term

Income statement

Long-term

Balance statement

David · Accepted Answer

Deferred Tax Liability is usually 
Type of Account Reported on the 
 
Short-term Income statement 
 
Short-term Statement of stockholders’ equity 
 
Long-term Income statement 
 
Long-term Balance statement 
Solution 
Long-term Balance statement 
Deferred tax liability is a balance sheet item that is   Used to reflect the difference between  
taxes due and taxes paid in future  
Thus this type of account is generally long term in nature and hence is reported on the liabilities 
section of the balance sheet.

Deferred Tax Liability is usually Type of Account Reported on the Short-term Income statement Short-term Statement of stockholders’ equity Long-term Income statement Long-term Balance statement

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