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Plutonic Inc. had $740 million in taxable income for the current year. Plutonic also had an increase in deferred tax liabilities of $84 million and
Plutonic Inc. had $740 million in taxable income for the current year. Plutonic also had an increase in deferred tax liabilities of $84 million and recognized tax expense of $148 million. The company is subject to a tax rate of 25%. The change in deferred tax assets (ignoring any valuation allowance) was alan Multiple Choice decrease of $64 million. increase of $121 million. decrease of $121 million increase of $64 million
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