"On December 31, Year 17, Winston Inc. has determined that it is more likely than not that $240,000 of a $600,000 deferred tax asset will not be realized. The journal entry to record this reduction in asset value will include a"

		"credit to Income Tax Expense for $360,000."
		"debit to Income Tax Expense for $360,000."
		"credit to the Allowance to Reduce Deferred Tax Asset to Expected Realizable Value of $240,000."
		"debit to Income Tax Payable of $240,000."