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Question 3. Trump enacted the tax cut and job act in 2018 and effectively changed the corporate tax rate to 21%. For Kerry's quarterly nancial

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Question 3. Trump enacted the tax cut and job act in 2018 and effectively changed the corporate tax rate to 21%. For Kerry's quarterly nancial statement on March 2018, how would this change in tax rate impact Kerry's net deferred income taxes? Show me your calculation. (extra credit of 3 points)

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