Question 13 The 2020 annual report of Dow Chemical Company disclosed a decrease of $287 million in valuation allowance related to various deferred tax assets. Which of the following statement is FALSE about the impact of this change in valuation allowance on Dow Chemicals financial statements in 2020? Decrease total shareholder's equity by $287 million Increase deferred tax assets by $287 million Decrease tax expense by $287 million Increase net income by $287 million