How do these balance-sheet changes affect tax expense

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Question - The annual report of Carol Chemical disclosed the following: Deferred tax assets increased by $751 million and deferred tax liabilities increased by $269 million. How do these balance-sheet changes affect tax expense on the income statement for the year?

A. Increase tax expense by $482 million

B. Decrease tax expense by $482 million

C. Increase tax expense by $1,020 million

D. Decrease tax expense by $1,020 million

Reference no: EM133187991

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