Business, 03.06.2021 01:00 seasmarie75

A company has a Deferred Tax Liability of $35,000. Now, the government has just changed the statutory tax rate from 35% to 30% effective immediately. What is the correct journal entry to record the impact of this tax rate change

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A company has a Deferred Tax Liability of $35,000. Now, the government has just changed the statutor...