Go to Gap Inc.s Web site (www.gapinc.com) and locate its annual report for 2005. Find the note
Question:
Go to Gap Inc.’s Web site (www.gapinc.com) and locate its annual report for 2005. Find the note on income taxes.
a. What was Gap’s effective tax rate for its 2005 and 2004 fiscal years?
b. How much was Gap’s NOL valuation allowance for its 2005 and 2004 fiscal years?
c. How much does Gap have in NOL carryovers and when will they begin to expire?
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Related Book For 
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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