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Jackson Limited had the following deferred tax balances at reporting date: - deferred tax assets $10 000 - deferred tax liabilities $26 000. Effective from
Jackson Limited had the following deferred tax balances at reporting date: - deferred tax assets $10 000 - deferred tax liabilities $26 000. Effective from the first day of the next financial period, the company rate of income tax was reduced from 40% to 30%. The adjustment to income tax expense to recognise the impact of the tax rate change is:
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