Question: Mandy Co. had a decrease in deferred tax liability of $12 million and a decrease in deferred tax assets of $3 million for this vear.

Mandy Co. had a decrease in deferred tax liability of $12 million and a decrease in deferred tax assets of $3 million for this vear. Its taxable income was $200 million. The company is subiect to a tax rate of 25%. The total income tax expense for the ycar ($ in millions) was:

O $35 million

O $65 million

O $59 million

O 341 million

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