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:
Communication Style
The characteristic way in which an individual expresses and exchanges information with others.
Culture
A system of shared beliefs, values, customs, behaviors, and artifacts that members of society use to cope with their world and with one another.
Western Cultures
Refers to the societies and cultures found in Europe, North America, and other regions influenced by the historical developments of Western Europe.
Social Status
Describes the position or rank of a person or group within the society, often determined by factors such as wealth, occupation, education, and family background.
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