EOC - Income Taxes Pg. 504 Q.3

[NotAgain]

Income tax expense reported on a company’s income statement equals taxes payable, plus the net increase in:
a/ DTA and DTL
b/ DTA, less the net increase in DTL
c/ DTL, less the net increase in DTA
Am I wrong in thinking the answer could be all three?

 

[cpk123]

nope they want you to concentrate on the signs …
taxes payable + delta DTL - Delta DTA?
so c)?

 

[S2000magician]

Yes, it could be all three … if the changes in DTAs and DTLs were zero.
If not, go with c. It’s always correct.