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Save & Ext Submit in Inc. had $150 million in taxable...

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Accounting

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Save & Ext Submit in Inc. had $150 million in taxable income for the current year. also had an increase in deferred tax liabilities of $50 million and recognized tax expense of $80 milion. The company is subject to a tax rate of 40%. The change in deferred tax assets ignoring any valuation allowance was alone Multiple Choice decrease of $130 min increase of $30 milion decrease of $.30 m increase of $30 milion

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