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A Moving to another question will save this response. Question 11 The tax shield arises because Certain non-operating expenses are tax deductible Firms can take
A Moving to another question will save this response. Question 11 The tax shield arises because Certain non-operating expenses are tax deductible Firms can take advantage of the flexibility within GAAP to underreport tax expense Different political regimes are associated with different expected tax burdens Operating profits are generally reported net of tax A Moving to another question will save this response
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