Question: For the current quarter ( Q 1 ) , you have the following results in your current year earnings forecast. The Company classifies interest expense
For the current quarter Q you have the following results in your current year earnings forecast.The Company classifies interest expense related to UTPs as income tax in the income statement. Forecasted income and effects:
US domestic pretax income
nonUS subsidiary pretax income assume there are no foreign tax credits
Current year interest accrual for uncertain tax positions
This quarter there was a change in estimate on uncertain tax position for prior year
Nondeductible amount of business meals and entertainment
tax rate in both jurisdictions
year to date pretax income
what is the projected forecasted income used for interim reporting purposes?
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