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At the beginning of 2019. Tim's Retail had a deferred tax liability account due to a temporary book-tax difference of $160 million in a liability
At the beginning of 2019. Tim's Retail had a deferred tax liability account due to a temporary book-tax difference of $160 million in a liability for estimated expenses. Taxable income for 2019 is $100 million and the tax rate is 25%. At the end of 2019. Tim's Retail also realized that deferred tax liability doubled. What will Tim's Retail's income tax expense be for 2019
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