Which of the Following Results in an Increase in Income

question 11

Multiple Choice

Which of the following results in an increase in income tax expense for a particular time period?

• A)An increase in the deferred tax asset account during the period.
• B)An increase in the income tax rate for future years that was enacted during the time period for a company reporting a deferred tax asset at the end of the period.
• C)A decrease in the deferred liability account during the period.
• D)An increase in the income tax rate for future years that was enacted during the time period for a company reporting a deferred tax liability at the end of the perioD.

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Definitions:

Body Trait

A characteristic or feature of the physical body, which can be inherited or developed.

Tail-Like Structure

An appendage or projection resembling a tail, found in certain cells, organisms, or anatomical structures.

Locomotion

The ability to move from one place to another, which can be observed in all animals and involves various forms of movement.

High Concentration

A condition where a substance exists in a large amount relative to its volume or area, often relevant in chemical solutions.