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Income tax expense in interim reporting should: a. disregard year-end adjustments. b. be based on the quarterly income only. c. be based on the income

Income tax expense in interim reporting should:

a. disregard year-end adjustments.

b. be based on the quarterly income only.

c. be based on the income year-to-date.

d. contain a judgment estimation of the annual effective tax rate.

e. exclude extraordinary items in earlier quarters of the year.

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