Question: Wayne Corporation had a decrease in deferred tax liability of $24 million, a decrease in deferred tax assets of $14 milion, and an increase in

Wayne Corporation had a decrease in deferred tax liability of $24

Wayne Corporation had a decrease in deferred tax liability of $24 million, a decrease in deferred tax assets of $14 milion, and an increase in tax payable of $104 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was: Multiple Choice $114 million. $108 million. $94 million. $138 million

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