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The tax rate was 32% in 2020 and was 34% in 2021. These rates were not known or enacted in advance. Renter Co. had a
The tax rate was 32% in 2020 and was 34% in 2021. These rates were not known or enacted in advance. Renter Co. had a prepaid rent balance of $38.000 at December 31, 2020 and $10,000 at December 31, 2021. Renter Co. has adopted IFRS. At December 31, 2021, what amount will the DIT Expense account be debited or credited for as part of the deferred tax entries? Do not use brackets, commas or dollar signs. Round to the nearest dollar. Your
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