At December 31, year 3, Bren Co. had the following deferred income tax items: • A deferred income tax liability of $15,000 related to a noncurrent asset. • A deferred income tax asset of $3,000 related to a noncurrent liability. • A deferred income tax asset of $8,000 related to a current liability. Which of the following should Bren report in the noncurrent section of its December 31, year 3 balance sheet? (A) A noncurrent asset of $3,000 and a noncurrent liability of $15,000. (B) A noncurrent liability of $4,000. (C) A noncurrent liability of $12,000. (D) A noncurrent asset of $11,000 and a noncurrent liability of $15,000.
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