In 2007, the companys US GAAP income statement recorded a provision for income taxes closest to: A.
Question:
In 2007, the company’s US GAAP income statement recorded a provision for income taxes closest to:
A. $30,632.
B. $54,144.
C. $58,772.
Transcribed Image Text:
Note I Income Taxes The components of earnings before income taxes are as follows ($ thousands): Earnings before income taxes: United States Foreign Total Income taxes Current: Federal Foreign $88,157 $75,658 116,704 113,509 $204,861 $189,167 The components of the provision for income taxes are as follows ($ thousands): Deferred: Federal Foreign Total 2007 $30,632 28,140 $58,772 ($4,752) 124 (4,628) 2007 $54,144 2006 2006 $22,031 27,961 $49,992 $5,138 1,730 6,868 $56,860 2005 $59,973 94,760 $154,733 2005 $18,959 22,263 $41,222 $2,336 621 2,957 $44,179
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Related Book For
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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