Refer to Practice 16-6. Assume that on January 1, 2017, Congress changes the enacted tax rate. Make
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Refer to Practice 16-6. Assume that on January 1, 2017, Congress changes the enacted tax rate. Make the journal entry necessary to record this tax rate change on January 1, 2017, assuming that (1) the new tax rate is 30% and (2) the new tax rate is 43%.
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As of the beginning of 2017 the accumulated excess ...View the full answer
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