Plutonic Inc. had $400 million in taxable income for the current year. tax expense of $80 million. The company is subject to a tax rate of 40%. The change in deferred tax Plutonic also had an increase in deferred tax liabilities of $50 million and recognized assets (ignoring any valuation allowance) was alan Multiple Choice increase of $30 million increase of $130 million decrease of $30 million. decrease of $130 million. Next> KPrev 8 o 1