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CU When tax rates are changed subsequent to the creation of a deferred tax asset or liability, GAAP requires that: Multiple Choice All deferred tax
CU When tax rates are changed subsequent to the creation of a deferred tax asset or liability, GAAP requires that: Multiple Choice All deferred tax accounts be adjusted to reflect the new tax rates. The beginning deferred tax accounts are left unchanged. Only the deferred tax asset accounts are adjusted to reflect the new tax rates. O Only the deferred tax liability accounts are adjusted to reflect the new tax rates
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