thank you for your help.

Course Content / Module 10 / A607 Homework 10 A607 Homework 10 Snapchat's gross deferred tax assets increased in 2018. By what amount did Snapchat's gross deferred tax assets increase? (thousands). Explain how the valuation allowance affected 2018 net income. Snapchat's valuation allowance account increased during the year, which means net income increased. Snapchat's valuation allowance account decreased during the year, which means net income increased. Snapchat's valuation allowance account increased during the year, which means net income decreased. v Snapchat's valuation allowance account decreased during the year, which means netincome decreased. Analyzing and Interpreting Tax Footnote (Financial Statement Effects Template) thousand. The tax footnote in the company's 10-k fling reports the following deferred tax assets and labilites information. The ramestic and foreizen components of pre-cax loss were as foliows: Explain how the valuation allowance affected 2018 nec income. La A507 Homework 10 Snapchats valuation allowance accourt increased during the year, which mears net income increased, Snapchars valuation alowance account decreased during the year, which means net income increased. snapchat's valuation allowance account increased during the year, which means net income decreased. Snapchat's valuation allowance account decreased during the year, which means net income decreased. Mark 1.00 out of 1.00 Use the financial statement effects template to record income tax expense for fiscal year 2018 along with the changes in both deferred tax assets and liabilites and ite valuation allowance. Use negative signs with answers, when appropriate. You have correctly selected 4. Marks for thes submissione 4, th/10,00