If Apple expects to return cash to the US and expects a lower tax rate at that time should the company record an accounting entry. At what tax rate should the entry be recorded the rate currently in effect or the rate the company expects to be in effect upon repatriating the funds Support your answer.

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Answer If Apple expects to return cash to the US and expects a lower tax rate at that time the company should record an accounting entry at the tax rate which the company expects to be in effect upon ... View the full answer