An entity computed its pre-tax income in its GAAP compliant books at 2,450,000 while its income per income tax return properly computed 2,850,000. There has been a temporary difference causing...

An entity computed its pre-tax income in its GAAP compliant books at 2,450,000 while its income per income tax return properly computed 2,850,000. There has been a temporary difference causing discrepancy between two amounts. The tax rate is 30%. How much is the deferred tax liability of the companh to be presented in its statement of financial position?

120,000

855,000

735,000

0