Question 10

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Mattel Inc.'s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,022 thousand, provision for income taxes of $91,720 thousand and net nonoperating expense before tax of $109,491 thousand. Assume Mattels statutory tax rate for 2016 is 37%. Mattel's 2016 tax shield is:

Select one:

A. $ 68,979 thousand

B. $ 40,512 thousand

C. $277,510 thousand

D. $186,460 thousand

E. None of the above