In 2005 Haliburton recognized an unrealized loss of $440,000 on certain derivative investments in regulation with GAAP. However, for tax purposes the losses are not deductible until realized, which is not expected to occur until 2006. Haliburton's tax rate is 40% For the year ended 12/31/2005, what is the amount of the deferred tax expense (or credit) recognized as a result of the unrealized loss? 1) $176,000 Credit 2) $440,000 Expense 3) $ 440,000 Credit 4) $176,000 Expense At the end of 2000, the actuary reduced the longevity assumptions used in the computation of the pension plan's projected benefit obligation. As a result of recording this actuarial gain, how will the employer's balance sheet be affected in 2000? 1) An increase in total liabilities. 2) A decrease in total assets. 3) A decrease in total equity. 4) An increase in total equity