Question: Wayne Corporation had a decrease in deferred tax liability of $26 million, a decrease in deferred tax assets of $16 million, and an increase in

Wayne Corporation had a decrease in deferred tax liability of $26 million, a decrease in deferred tax assets of $16 million, and an increase in tax payable of $106 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was: Multiple Choice $116 million. $96 million. $142 million. $112 million

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