Compared to the companys effective tax rate on US income, its effective tax rate on foreign income

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Compared to the company’s effective tax rate on US income, its effective tax rate on foreign income was:

A. lower in each year presented.

B. higher in each year presented.

C. higher in some periods and lower in others.

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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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