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The GAAP pre-tax income for the year is greater than the taxable income on the Tax Return for the year. Which of the following is possible?
Deferred Tax Assets down by $2 mill, Deferred Tax Liabilities down by $3 mill
Deferred Tax Assets down by $3 mill, Deferred Tax Liabilities down by $2 mill
Deferred Tax Asset up by $3 mill, Deferred Tax Liability up by $2 mill
Deferred Tax Asset unchanged, Deferred Tax Liability down by $3 mill
Deferred Tax Asset up by $3 mill, Deferred Tax Liability unchanged
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