Which of the following events will most likelyresult in a decrease in a valuation allo wance for a deferred tax asset under U.S. GAAP (generally accepted accounting principles)? A(n): A. reduction in tax rates. B. decrease in interest rates. C. increase in the carry forward periods avai...
A reassessment of deferred tax assets, both inside and outside Germany, resulted in the recognition of an income tax benefit in the fourth quarter amounting to €52 million. A tax expense of €13 million was reported for the third quarter. Basic and diluted earnings per share from continued ...