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At the end of 2019, Sentry Company reported a deferred tax liability of $9,000 based on an income tax rate of 30%. On January
At the end of 2019, Sentry Company reported a deferred tax liability of $9,000 based on an income tax rate of 30%. On January 2, 2020, Congress changed the income tax rate to 32%. Required: 1. Calculate the amount of the adjustment to Sentry's 2019 year-end deferred tax liability 2. Prepare the journal entry to correct Sentry's deferred tax liability
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Cost Benefit Analysis Concepts and Practice
Authors: Anthony Boardman, David Greenberg, Aidan Vining, David Weimer
4th edition
137002696, 978-1108448284, 1108448283, 978-0137002696
