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Revenues and expenses are multiplied by 1 less the tax rate, because: It measures the before-tax cost of the revenue earned and expenses paid. It
Revenues and expenses are multiplied by 1 less the tax rate, because:
- It measures the before-tax cost of the revenue earned and expenses paid.
- It measures the amount of money paid in income taxes
- It measures the revenues and expenses on an after-tax basis
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