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Special Report on

Deferred Tax Liability

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Deferred tax liability is viewed by many investors as a genuine liability. The usefulness of deferred tax liability is being refuted due to the questionability of the procedure's ability to effect a settlement within a reasonable time frame through a reversal and reduction of liability. As a result of this argument, alternatives in the form of partial allocation or none deferral have been gaining support. The Financial Accounting Standards Board, however, continues to promote deferred tax liability through the use of comprehensive interperiod tax allocation. The views of investors regarding deferred tax liability were ...
News Archive | Gran Tierra Energy Inc.
Gran Tierra Energy Announces First Quarter 2008 Financial Results And Provides Update On Current Operations And Form 10-K/A Filing Company Reports Significant Increase in Production Volume Over Same Quarter of 2007 and Increased Profitability CALGARY, Alberta, May 12, 2008, Gran Tierra Energy Inc. (AMEX: GTE, TSX: GTE) , a company focused on oil exploration and production in South America, today announced financial and operating results for the quarter ended March 31, 2008. Total revenue for the three months ended March 31, 2008 was $20.8 million as compared to $4.5 million for the same period in 2007. Net income for the three ... market research, surveys and trends
IFRS Conversion Plan
International Financial Reporting Standards (IFRS) will replace Canadian generally accepted accounting principles (GAAP) for fiscal years beginning on or after January 1, 2011. Most companies have started their changeover to IFRS. But some companies have delayed their detailed assessment of income taxes in anticipation of a new version of the IFRS for Income Taxes (IAS 12) proposed in the March 31, 2009 exposure draft.  The March 31, 2009 exposure draft is no longer relevant. After considering comments received in response to the exposure draft, the International Accounting Standards Board (IASB) and the U.S. Financial ... market research, surveys and trends


GM posts huge $39 billion net loss - Business - Autos -
But General Motors Corp.’s record $39 billion loss on a charge involving unused tax credits was only one piece of dire news for the world’s largest car company. GM is hemorrhaging money, particularly in North America, and the outlook for 2008 and beyond is bleak. A soft U.S. market, high gas prices, the housing slump and jittery consumers will hamper the automaker’s restructuring efforts, industry analysts said. GM reported the latest loss Wednesday. “We continue to expect the fundamentals to worsen before they improve,” Bear Stearns analyst Peter Nesvold said in a note to analysts. GM’s third-quarter loss of $39 billion was the ... industry trends, business articles and survey research
Worksheet Model for Deferred Income Tax Accounting
deferred tax liability, an average graduated tax rate of 35 percent was used. The five asset ... The $65 million net tax basis (column 2 of row 12) was ... industry trends, business articles and survey research
PriceSmart Announces Third Quarter Results of Operations and June 2010 Sales
For the third quarter of fiscal year 2010, net warehouse sales increased 13.9% to $341.2 million from $299.6 million in the third quarter of fiscal year 2009. Total revenue for the third quarter was $348.6 million compared to $306.5 million in the prior year. The Company had 27 warehouse clubs in operation as of May 2010 compared to 26 warehouse clubs in 2009. The Company recorded operating income in the quarter of $18.1 million, compared to operating income of $13.2 million in the prior year. Net income was $12.0 million, or $0.40 per diluted share, in the third quarter of fiscal 2010 compared to $8.7 million, or $0.29 ... market trends, news research and surveys resources
IMP 2010 preliminary revaluation result, tax
The Board of ING Medical Properties Limited (“IMPL”), the manager of ING Medical Properties Trust (the “Trust”), today announced the preliminary results of the Trust’s independent annual property revaluations. The Trust’s property portfolio value has increased by 3.6% or $10.2m over the 12 months to 30 June 2010. The independent valuations remain subject to confirmation as part of the Trust’s 30 June 2010 year end external audit. David Carr, General Manager of IMPL said “the result reflects the relatively stable period of underlying sector fundamentals, which have been key ... market trends, news research and surveys resources


MF2358 Computation of Deferred Tax Liability — An Example
2009 Form 8404
Tax liability on line 4 amount. 6. 6. Tax liability per return (actual or estimated). 7. 7. DISC-related deferred tax liability. Subtract line 6 from line 5 ... technology research, surveys study and trend statistics
  1. profile image propertyseen NZ PFI discloses deferred tax liability: Property For Industry Ltd is signalling a $NZ36 million ($A29.3 million) ...
  2. profile image CFDNETAU NZ PFI discloses deferred tax liability: NZPA The charge relates to depreciation of building structures, with a co...
  3. profile image NZBusinessNews PFI discloses deferred tax liability: Wellington, July 7 NZPA - Property For Industry Ltd is signalling a $36 milli...
WikiAnswers - What is meant by 'deferred tax liabilities'
Essentially, they are taxes that are 'deferred' to a later time. Tax Liabilities are typically taxes you are required to pay on income, or profit, you have obtained. Being able to 'defer' them is a means by which you are allowed to push them off until a future date when your tax 'status' would place you in a tax bracket that withholds less taxes from your income (as in when you retire). First answer by . Last edit by . Contributor trust : 31 [ recommend contributor ]. Question popularity : 6 [ recommend question ]. Can ...
Under wat circumstances will the deferred tax liability and ...
a deferred tax liability occurs when the income tax expense is greater than the income tax payable. this happens when income earned in the current period is taxed in a later period. For example, a business uses straight-line depreciation for book purposes but MACRS for tax purposes. Depreciation for tax purposes is greater than for book purposes, so the company reports less taxable income than accounting income. So the tax that has to be paid is less than the tax expense reported in the income statement. In future years, the situation will reverse and the deferred tax will be written off as it is paid. 3 years ago