Question: Wayne Corporation had a decrease in deferred tax liablily of $32 million, a decrease in deferred tax assets of $22 million, and an increase in

Wayne Corporation had a decrease in deferred tax liablily of $32 million, a decrease in deferred tax assets of $22 million, and an increase in tax payable of $112 million. The company is subject to a tax rate of 25%. The total income tax expense for the yeor was: Multiple Choice $122 million. $102 milion. $124 milion. $154 miltion

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