Question: Wayne Co. had a decrease in deferred tax liability of $33 million, a decrease in deferred tax assets of $23 million, and an increase in

Wayne Co. had a decrease in deferred tax liability of $33 million, a decrease in deferred tax assets of $23 million, and an increase in tax payable of $113 nillion. The company is subject to a tax rate of 25%. The total income tax expense for the year was: Multiple Choice $103 million. $126 million. $123 million. $156 million

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