Quiz 16.70 – Adjusting Deferred Tax Accounts for Tax Rate Changes

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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How does GAAP require adjusting deferred tax accounts when tax rates change after creating a deferred tax asset or liability?

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  • Search Terms: a accounts adjusted all are asset be beginning changed creation deferred gaap left liability liability, new of only or rates rates. rates. b) rates. d) reflect requires subsequent tax that: a) the to unchanged. c) when
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