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Wayne Corporation had a decrease in deferred tax liability of $27 million, a decrease in...

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Accounting

Wayne Corporation had a decrease in deferred tax liability of $27 million, a decrease in deferred tax assets of $17 million, and an increase in tax payable of $107 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was:
Multiple Choice
$144 million.
$97 million.
$114 million.
$117 million.

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