Question: Below is an extract from Cisco Systems 2012 Annual Report
Below is an extract from Cisco Systems’ 2012 Annual Report. What is the firm’s GAAP effective tax rate? Why does it differ from the top statutory tax rate? What are deferred taxes? What are the major deferred tax items for Cisco? What is the amount of unrecognized tax benefits that Cisco has as of the year ended July 28, 2012?
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