The effect of a change in tax rates: 1. Results in a prior period adjustment 2. Is

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The effect of a change in tax rates:

1. Results in a prior period adjustment

2. Is allocated between discontinued operations and continuingoperations

3. Is reportred separately after extraordinary items

4. is reflected in income from continuing operation

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International Accounting

ISBN: 9.78E+12

3rd Edition

Authors: Timothy Doupnik, Hector Perera

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Posted Date: Aug 31, 2022 03:56 AM

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The effect of a change in tax rates: 1. Results in a prior period adjustment 2. Is

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Expert Answer:

Option 4 is the correct answer i The change in tax rate directly affects the continuing operatio... View the full answer

International Accounting

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