Solution-Calculate the amount of the adjustment to rowet

Calculate the amount of the adjustment to rowet company ''s

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Reference no: EM13867569

At the end of 2010, Rowet Company reported a deferred tax liability of $6,120 based on an income tax rate of 30%. On June 1, 2011 Congress changed the income tax rate to 35%.

Required:
1. Calculate the amount of the adjustment to Rowet Company 's 2010 year-end deferred tax liability.
2. Prepare the journal entry to correct Rowet Company 's deferred tax liability.

Reference no: EM13867569

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Calculate the amount of the adjustment to rowet company ''s : At the end of 2010, Rowet Company reported a deferred tax liability of $6,120 based on an income tax rate of 30%. On June 1, 2011 Congress changed the income tax rate to 35%.

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Calculate the amount of the adjustment to rowet company ''s

Reference no: EM13867569

Reference no: EM13867569

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