Which of the following statements is NOT true concerning the determination of the effective tax...
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Accounting
Which of the following statements is NOT true concerning the determination of the effective tax rate to be used for interim reporting?
| Tax rate changes should not be accounted for retroactively |
| The effective tax rate for the entire year should be estimated |
| The effective tax rate should reflect anticipated tax credits. |
| The estimated tax rate should reflect extraordinary items. |
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