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Assume that the government passes a law changing the enacted tax rate for YR12 and thereafter from 50% to 35% on Mar. 31, YR11. What
Assume that the government passes a law changing the enacted tax rate for YR12 and thereafter from 50% to 35% on Mar. 31, YR11. What journal entry does the firm need to prepare to recognize this change on this date? Copy and paste the account names from the list below. Tax Expense Taxes Payable DTLcurrent DTLlongterm DTAcurrent DTAlongterm Account to be debited Account to be credited DR CR
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