Posted 12/14/2025 12:25 (#11469752 - in reply to #11469490) Subject: RE: Agriculture operating credit lines
Champaign, IL
I had an Ag Finance class by Tom Frey in 1980. On his balance sheet there is a line for contingent income tax liability. In his class a completed balance sheet will have a number there.
There is also a contingent income tax liability line for intermediate and long term assets.