=+I believe the best way to think about our earnings is in terms of look-through results, calculated

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=+I believe the best way to think about our earnings is in terms of “look-through” results, calculated as follows: Take $250 million, which is roughly our share of the operating earnings retained by our investees (20% ownership holdings); subtract . . . incremental taxes we would have owed had that $250 million been paid to us in dividends; then add the remainder,

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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