Global,Inc.provides consulting services throughout the world.The company pays taxes to the nation where revenues are earned.Information about the company's taxes are presented below:
Required:
a.Using the information provided for Global,prepare the company's journal entry to record income taxes for 2012 and 2011.
b.Using the information provided for Global,determine the company's effective tax rate for 2012 and 2011.
Definitions:
Intimate Partner Violence
Physical, sexual, or emotional abuse by a current or former partner or spouse.
Date Rape Drugs
Substances used to impair a victim's judgment or consciousness to facilitate sexual assault, often administered surreptitiously.
Men Who Are Batterers
Refers to males who engage in physical, emotional, or psychological abuse towards their partners.
Witnessed Abuse
Experiencing or observing acts of physical, emotional, sexual, or verbal maltreatment imposed on another person.
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