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While evaluating the financial statements of Omega, Inc., the analyst observes that the effective tax rate is 7% less than the statutory rate. The source of this difference is determined to be a tax holiday on a manufacturing plant located in South Africa. This item is most likely to be: A. sporadic in nature, but the effect is typically neutralized by higher home country taxes on the repatriated profits. B. continuous in nature, so the termination date is not relevant. C. sporadic in nature, and the analyst should try to identify the termination date and determine if taxes will be payable at that time. |