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If the Valuation Allowance for a Deferred Tax Asset Is

Question 62

Multiple Choice

If the valuation allowance for a deferred tax asset is decreased, there is a(n) ________ to income tax expense, which is a(n) ________ to income tax benefit.


A) decrease; increase
B) increase; increase
C) increase; decrease
D) decrease; decrease

Correct Answer:

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