Question: Analysts may prefer to a remove deferred tax from the financial statements as Question 16Answer a. Deferred tax does not represent an amount that is

Analysts may prefer to a remove deferred tax from the financial statements as Question 16Answer a. Deferred tax does not represent an amount that is owed from or to tax authorities. b. Analysts only require after-tax profit numbers. c. There are minor differences between tax accounting and GAAP accounting. d. Tax rates vary too much across jurisdictions and industries

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