D is corrent. ASC 270 specifies that foreign tax rates and capital gains should be considered in estimating the effective tax rate for interim reporting.
A is incorrect. ASC 270 specifies that foreign tax rates and capital gains should be considered in estimating the effective tax rate for interim reporting.
B is incorrect. ASC 270 specifies that foreign tax rates and capital gains should be considered in estimating the effective tax rate for interim reporting.
C is incorrect. ASC 270 specifies that foreign tax rates and capital gains should be considered in estimating the effective tax rate for interim reporting.
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