Which of the following items are not included in the GAAP financial statement income tax note's effective tax rate reconciliation?

Question

Quizplus · Accepted Answer

The effective tax rate reconciliation in the income tax note typically includes the hypothetical tax on book income, the tax effect of permanent differences, and the total tax expense per financial statements. However, the tax effect of temporary differences is not included in this reconciliation; it is part of the deferred tax calculation.

Which of the Following Items Are Not Included in the GAAP