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Water's-edge election

In accounting, water's-edge election means an election by a unitary group filing a combined state return to leave most foreign affiliates out of the combined report — in California a binding contract for 84 months.

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This definition follows Cal. Rev. & Tax. Code §25110.

Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.

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  • worldwide combined report

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