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Due to an increase in the enacted tax rate effective for the following year, a company with a net deferred tax asset balance will recognize
Due to an increase in the enacted tax rate effective for the following year, a company with a net deferred tax asset balance will recognize
A. | A decrease in income tax expense in the current year.
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B. | An increase in income tax expense in the current year.
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C. | No change to income tax expense in the current year.
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D. | A decrease in income tax expense in the following year.
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