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Question(s) / Instruction(s):

Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if


a) it is probable that a future tax rate change will occur.

b) it appears likely that a future tax rate will be less than the current tax rate.

c) it appears likely that a future tax rate will be greater than the current tax rate.

d) the future tax rates have been enacted into law.

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