Question: quebec corp. currently has a deferred tax liability on the statement of financial position in the amount of $400,000, which is based on a tax

quebec corp. currently has a deferred tax liability on the statement of financial position in the amount of $400,000, which is based on a tax rate of 25% for 2023. the federal government has announced changes to the tax rate for 2024, increasing it to 28%. what is the journal entry to record this adjustment?

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