Southlawn Inc.'s taxable income is computed as follows. 
Southlawn's tax rate is 34%. Which of the following statements is true?
A) The permanent differences caused a $174,080 net increase in Southlawn's deferred tax liabilities.
B) The permanent differences caused a $174,080 net decrease in Southlawn's deferred tax liabilities.
C) The temporary differences caused a $64,260 net increase in Southlawn's deferred tax liabilities.
D) The temporary differences caused a $64,260 net decrease in Southlawn's deferred tax liabilities.
Correct Answer:
Verified
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