Tax rates other than the current tax rate may be used to calculate - 13205

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Request Description

Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if
Question 30 options:

a) it is probable that a future tax rate change will occur.

b) it appears likely that a future tax rate will be less than the current tax rate.

c) it appears likely that a future tax rate will be greater than the current tax rate.

d) the future tax rates have been enacted into law.

Solution Description

Tax rates other than the current tax rate m