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What is tax effect adjustment to recognise impact of tax

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Reference no: EM132815539

B Limited had the following deferred tax balances at reporting date:

deferred tax assets $10,000

deferred tax liabilities $25,000

Problem 1: Effective from the first day of the next financial period, the company rate of income tax was decreased from 25% to 20%. What is the tax effect adjustment to recognise the impact of the tax rate change?

 

Reference no: EM132815539

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