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_____ Under APB Opinion No

Question 32

Multiple Choice

_____ Under APB Opinion No. 28, the cumulative effect of a change in the income tax rate occurring after the first interim reporting period is to be reported


A) In the first interim reporting period by restating the results of the first interim reporting period.
B) In the interim reporting period in which the change occurs.
C) On a prospective basis over the current and remaining interim periods.
D) On a prospective basis over the remaining interim periods.
E) Not at all if the change is expected to be temporary. f. None of the above.

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