Refer to Practice 165. Assume that on January 1, 2010, Congress changes the enacted tax rate. Make

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Refer to Practice 16–5. Assume that on January 1, 2010, Congress changes the enacted tax rate. Make the journal entry necessary to record this tax rate change on January 1, 2010, assuming that

(1) The new tax rate is 35% and

(2) The new tax rate is 46%.

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Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Apr 08, 2012 12:52 PM

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Refer to Practice 165. Assume that on January 1, 2010, Congress changes the enacted tax rate. Make

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As of the beginning of 2010 the accumulated excess ...View the full answer

Intermediate Accounting

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