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Question 9 0.5 pts Victory Corp. received interest income from federally tax exempt bonds of $40,000 in the year 20X0. Its statutory tax rate is

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Question 9 0.5 pts Victory Corp. received interest income from federally tax exempt bonds of $40,000 in the year 20X0. Its statutory tax rate is 40%. The effect of this difference between taxable and pre-tax income is most likely a(n): decrease in its effective tax rate to below 40%. O increase in its deferred tax asset of $16,000. O increase in its deferred tax liability of $16,000. No answer text provided

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