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Posted on Oct 01, 2024

True or false. Suppose that on December 2 2 , 2 0 2 3 Congress increased the corporate tax rate from 2 1 % to

True or false. Suppose that on December

22, 2023

Congress increased the corporate tax rate from

21 %

25 %

effective on

2024 .

The tax rate change will affect only deferred tax assets and liabilities that arise in

2024

and thereafter.

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