Which of the Following Items Is Not Included in the GAAP

question 62

Multiple Choice

Which of the following items is 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:

Equal Rights Amendment

A suggested change to the U.S. Constitution designed to ensure that all American citizens have equal legal rights, irrespective of their gender.

Women's Rights Movement

The campaign for legal, social, and economic equality for women, including the right to vote, work, and live free from discrimination.

Full Equality

Full equality denotes the state where all individuals have the same rights, opportunities, and status, without discrimination on any basis, including race, gender, sexuality, or religion.

Racial and Ethnic Groups

Categories of people identified by shared physical characteristics or cultural practices, often influencing their social and political experiences.