jordystafford4988
jordystafford4988
18.03.2021 • 
Business

Alamo Inc. had $300 million in taxable income for the current year. Alamo also had a decrease in deferred tax assets of $30 million and an increase in deferred tax liabilities of $60 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was: Multiple Choice $165 million. $390 million. $135 million. $105 million.

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