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In fiscal 2013, Microsoft Corp. reported a statutory tax rate of 35.00% and an effective tax rate of approximately 19.18 %. The tax rate on
In fiscal 2013, Microsoft Corp. reported a statutory tax rate of 35.00% and an effective tax rate of approximately 19.18 %. The tax rate on operating profit was 19.39%. The 2013 income statement reported income tax expense of $5,189 million.
What did Microsoft report as income before income tax expense that year?
A) $14,826 million
B) $28,071 million
C) $27,054 million
D) $ 7,571 million
E) None of the above
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