单选题
编号：2688766
1. 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.