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A companys 2019 income tax return reported a $77,200 tax liability. During 2019, the deferred income tax liability account increased $10,100. Which of the following

A companys 2019 income tax return reported a $77,200 tax liability. During 2019, the deferred income tax liability account increased $10,100. Which of the following statements is correct?

  • Income tax expense on the 2019 income statement was $87,300.

  • Income tax expense on the 2019 income statement was $10,100.

  • Income tax expense on the 2019 income statement was $67,100.

  • Income tax expense on the 2019 income statement was $77,200.

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