Mattel Inc.'s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,022 thousand, provision for income taxes of $91,720 thousand and net nonoperating expense before tax of $109,491 thousand.
Assume Mattel's statutory tax rate for 2016 is 37%. Mattel's 2016 tax shield is:
A) $ 68,979 thousand
B) $ 40,512 thousand
C) $ 277,510 thousand
D) $ 186,460 thousand
E) None of the above

Question

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The Answer of Mattel Inc.'s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,022 thousand, provision for income taxes of $91,720 thousand and net nonoperating expense before tax of $109,491 thousand.
Assume Mattel's statutory tax rate for 2016 is 37%. Mattel's 2016 tax shield is:
A) $ 68,979 thousand
B) $ 40,512 thousand
C) $ 277,510 thousand
D) $ 186,460 thousand
E) None of the above