Which of the following items would likely not be included in the computation of a company's...
Which of the following items would likely not be included in the computation of a company's structural effective tax rate?
Multiple Choice
a) Tax effects of international operations.
b) Tax effects of state and local operations.
c) Tax effects from the R&D credit.
d) Tax effects from goodwill impairment.
Homework Answers
d) Tax effects from goodwill impairment.
Goodwill impairmet would be considered as a discrete item and would not not be considered as a part of of a company's structural effective tax rate. the other items such as Tax effects of international operations, Tax effects of state and local operations , Tax effects from the R&D credit would be considered as a recurring items.
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