When a change in the tax law or rates occurs the effect of, Ask an Expert

Accounting

When a change in the tax law or rates occurs, the effect of the change on a deferred tax liability or asset must be recognized as an adjustment as of the:

a) Enactment date of the change.

b) Beginning of the year of the change.

c) Beginning of the first year presented.

d) End of the year of the change.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9410046

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