What amount of deferred income tax liability should Stone report in its December 31,2015,balance sheet?

A) $5,000
B) $9,000
C) $20,000
D) $27,000

Deferred Income Tax Liability

A tax obligation recorded on the balance sheet that refers to taxes that are due in the future due to temporary differences between the financial accounting and tax reporting.

Pre-Tax Book Income

The income of a company before taxes have been deducted, as recorded in the accounting records according to standard accounting practices.

Tax Depreciation

The depreciation expense allowed by taxation authorities that enables a taxpayer to recover the cost of property or assets.