Answer:
$105,000
Explanation:
Given:
Balance in deferred tax liabilities = $150,000
Rate of computing deferred tax liabilities = 30% = [tex]\frac{30}{100}[/tex] = 0.30
Cumulative temporary difference = ?
Computation of Cumulative temporary difference:
Temporary difference = Balance in deferred tax liabilities - (Balance in deferred tax liabilities × Tax rate)
= $150,000 - ($150,000 × 0.30)
= $150,000 - $45,000
= 105,000
