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[单选题]

Victory Corp. received interest income from federally tax exempt bonds of $40,000 in the year 20X0. Its statutory tax rate is 40%. The effect of this difference between taxable and pre-tax income is most likely a (n):

A.Decrease in its effective tax rate to below 40%.

B.Increase in its deferred tax asset of $16,000.

C.Increase in its deferred tax liability of $16,000.

参考答案与解析：

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