What was the total income tax expense for the year


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 40%. what was the total income tax expense for the year ?

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Accounting Basics: What was the total income tax expense for the year
Reference No:- TGS065754

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