Question: Hamilton Co. had a decrease in deferred tax liability of $20 million, a decrease in deferred tax assets of $10 million, and an increase in

Hamilton Co. had a decrease in deferred tax liability of $20 million, a decrease in

deferred tax assets of $10 million, and an increase in tax payable of $100 million. The

company is subject to a tax rate of 40%. The total income tax expense for the year was:

A.

$90 million.

B.

$100 million.

C.

$110 million.

D.

$130 million.

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