Which of the Following Items Are Not Included in the GAAP

question 40

Multiple Choice

Which of the following items are not included in the GAAP financial statement income tax footnote's effective tax rate reconciliation?

• A)Hypothetical tax on book income at U.S. Federal corporate tax rate.
• B)Total tax expense per the GAAP financial statements.
• C)Tax effect of temporary differences.
• D)Tax effect of permanent differences.

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Depression

A common mental health disorder characterized by persistent sadness, lack of interest or pleasure in activities, and a range of emotional and physical problems.

Learned Taste Aversion

A defensive mechanism where an organism learns to avoid a food that previously caused an adverse reaction, such as nausea.

Preparedness

The state of being ready and able to deal with specific situations or emergencies, often through planning and training.