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16 Plutonic Inc had $480 milion in taxable income for the current year. Plutonic also had an increase in deferred tax liabilities of $58 million
16 Plutonic Inc had $480 milion in taxable income for the current year. Plutonic also had an increase in deferred tax liabilities of $58 million and recognized tax expense of $96 million. The company is subject to a tax rate of 25%. The change in deferred tax assets ignoring any valuation allowance) was alan 201706 Multiple Choice 0 o decrease of $82 million 0 decrease of $38 million 0 O increase of $82 million 2 increase of 38 million
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