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Which of the following statements is NOT true concerning the determination of the effective tax rate to be used for interim reporting? Tax rate changes

Which of the following statements is NOT true concerning the determination of the effective tax rate to be used for interim reporting?

Tax rate changes should not be accounted for retroactively

The effective tax rate for the entire year should be estimated

The effective tax rate should reflect anticipated tax credits.

The estimated tax rate should reflect extraordinary items.

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