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Find the adjustment to income tax expense

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Reference no: EM132624657

Question - Effective from the first day of the next financial period, the company rate of income tax was reduced from 40% to 30%. Find the adjustment to income tax expense to recognise the impact of the tax rate change?

a. Cr $4000.

b. Cr $5333.

c. Dr $4000.

d. Dr $5333.

Reference no: EM132624657

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