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Due to a decrease in the enacted tax rate effective for the following year, a company with a net deferred tax asset balance will recognize
Due to a decrease in the enacted tax rate effective for the following year, a company with a net deferred tax asset balance will recognize Select one: a. A decrease in income tax expense in the current year. b. An increase in income tax expense in the current year. c. No change to income tax expense in the current year. d. A decrease in income tax expense in the following year. e. An increase in income tax expense in the following year.
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