What Adjustment Is Required to the Opening Deferred Taxes as a Result

question 105

Multiple Choice

What adjustment is required to the opening deferred taxes as a result of the rate change?

• A)40,000 debit
• B)40,000 credit
• C)130,000 credit
• D)190,000 credit

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Definitions:

NumberFormatException

An exception thrown in Java when an attempt is made to convert a string into a numeric format, but the string does not have the appropriate format.

String Arguments

Refers to strings that are passed as parameters to a method or function in programming.