external reporting

Navas 28 April 2020 at 14:40 PM

A tax rate other than the current tax rate may be used to calculate the deferred income tax amounton the statement of financial position if a(n)
A) future tax rate has been enacted into law.
B) net operating loss carryback exists.
C) election has been made to apply past tax rates.
D) future tax rate change is considered more likely than not to occur.

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FACULTY 19 May 2020 at 03:18 PM

future tax rate has been enacted into law.(option A)

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