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Unformatted text preview: • Add in permanent differences • Finish w/ effective tax rate • What were main causes of Xerox’s effective rate in 2007? o Biggest amount was “other foreign” Ex. Xerox deferred: • Deferred tax assets: o Tax effect of future tax deductions plus valuation allowance (want to be small) • Deferred tax liabilities: o Tax effect of future taxable income (want to be big)...
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This note was uploaded on 06/10/2011 for the course BUSI 407 taught by Professor Bowen during the Spring '11 term at UNC.
- Spring '11
- Balance Sheet