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1. When the income tax rate changes, the full change in the amount of future liability for income taxes is recognized as a change to
1. When the income tax rate changes, the full change in the amount of future liability for income taxes is recognized as a change to income tax expense in the year that the change becomes effective.
True or False
2. Income tax expense when interperiod tax allocation is used creates a more stable effective tax rate over time relative to using tax payments as income tax expense.
True or False
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