U.S. GAAP requires companies to reconcile the federal statutory income tax rate to the effective tax rate.

Name: U.S. GAAP requires companies to reconcile the federal statutory income tax rate to the effective tax rate.
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U.S. GAAP requires companies to disclose a reconciliation of the federal statutory income tax rate to the effective tax rate in the notes to the financial statements, explaining the differences between the two rates.

US GAAP Requires Companies to Reconcile the Federal Statutory Income