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stion 34 (2.5 points) December 31, 2015, the Rare Corporation reported a $40,000 deferred tax bility pertaining to a $100,000 temporary difference, which will reverse

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stion 34 (2.5 points) December 31, 2015, the Rare Corporation reported a $40,000 deferred tax bility pertaining to a $100,000 temporary difference, which will reverse equally ring the next four years. On December 31, 2015, after determining the deferre liability, Rare's management was informed that the income tax rate for years sequent to 2015 had been changed to 42%. As a result of the tax rate change re's 2015 income tax expense will: not change. increase $800. increase $2,000

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