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hellothere2 hellothere2
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6 years ago
Woods Company reports income before taxes in the amount of $935,000. The current tax expense is $365,375 and the effective tax rate is 37%. What is the conservatism ratio for Woods Company?
A) 0.95
B) 0.27
C) 0.61
D) 0.39
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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ashleyr1819ashleyr1819
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6 years ago
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hellothere2 Author
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6 years ago
White Checkmark
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#3
6 years ago
...I assume it was right Smiling Face with Open Mouth
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