Practice Question 16 The deferred tax expense is the O decrease in the balance of the deferred tax asset minus the increase in the balance of the deferred tax liability O increase in the balance of the deferred tax asset minus the increase in the balance of the deferred tax liability O increase in the balance of the deferred tax liability minus the increase in the balance of the deferred tax asset O increase in the balance of the deferred tax asset plus the increase in the balance of the deferred tax liability Practice Question 32 Income tax expense is determined based on all of the following except the following except income for financial reporting purposes O pretax financial income O income for book purposes O taxable income

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Practice Question 16 The deferred tax expense is the O decrease in the balance of the deferred tax asset minus the increase in the balance of the deferred tax liability  O increase in the balance of the deferred tax asset minus the increase in the balance of the deferred tax liability  O increase in the balance of the deferred tax liability minus the increase in the balance of the deferred tax asset  O increase in the balance of the deferred tax asset plus the increase in the balance of the deferred tax liability  Practice Question 32 Income tax expense is determined based on all of the following except  the following except  income for financial reporting purposes  O pretax financial income  O income for book purposes  O taxable income

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Practice Question 16 The deferred tax expense is the O decrease in the balance of the deferred tax asset minus the increase in the balance

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