Plutonic inc had 400 million in taxable income for the, Ask an Expert

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Plutonic Inc. had $400 million in taxable income for the current year. Plutonic also had a decrease in deferred tax assets of $50 million and recognized tax expense of $80 million. The company is subject to a tax rate of 40%. The change in deferred tax asset was a/an:

A. Increase of $30 million

B. Increase of $130 million

C. Decrease of $30 million

D. Decrease of $130 million

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Financial Management, Finance

Category:- Financial Management
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