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Question - Sunshine Ltd has the following tax balances as at 30 June 2020:
Deferred Tax Asset 240,000
Deferred Tax Liability 260,000
The balances were calculated when the tax rate was 30%. On 30 September 2019, the government announced a change to the compány tax rate to 28%, effective immediately. What is the journal entry to adjust the carry-forward balances of the deferred tax asset and deferred tax liability?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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