Plutonic Incorporated had $620 million in taxable income for the current year. Plutonic also had an increase in deferred tax liabilities of $72 million and recognized tax expense of $124 million. The company is subject to a tax rate of 25%. The change in deferred tax assets (ignoring any valuation allowance) was a(n):.

1. Plutonic Incorporated had $620 million in taxable income for the current year. Plutonic also had
an increase in deferred tax liabilities of $72 million and recognized tax expense of $124 million.
The company is subject to a tax rate of 25%. The change in deferred tax assets (ignoring any
valuation allowance) was a(n):