Which of the following results in an increase in income tax expense for a particular time period?
A) An increase in the deferred tax asset account during the period.
B) An increase in the income tax rate for future years that was enacted during the time period for a company reporting a deferred tax asset at the end of the period.
C) A decrease in the deferred liability account during the period.
D) An increase in the income tax rate for future years that was enacted during the time period for a company reporting a deferred tax liability at the end of the perioD.
Correct Answer:
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