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Thge 2013 annual report of Dow Chemical desclosed the following: Deferred tax assets decreased by $3 million and deferred tax liabilities decreased by $45 million.

Thge 2013 annual report of Dow Chemical desclosed the following: Deferred tax assets decreased by $3 million and deferred tax liabilities decreased by $45 million. How do these balance sheet changes affect tax expense on the income statement for the year?

A.) Decrease tax expense by $42 million.

B.) Decrease tax expense by $48 million.

C.) Increase tax expense by $42 million.

D.) None of the above.

E.) Increase tax expense by $48 million.

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