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    Intermediate Accounting Study Set 2
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    Exam 16: Accounting for Income Taxes
  5. Question
    When a New Tax Rate Is Enacted, What Adjustment, If
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When a New Tax Rate Is Enacted, What Adjustment, If

Question 175

Question 175

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When a new tax rate is enacted, what adjustment, if any, is made to the retained earnings account as a result of the change?

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No adjustment is made to retained earnin...

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