0291, respectively, primarily as a result of Deferred income taxes
generated by the appreciation of the US Dollar during the period, which negatively impacted 2Q13 Net income.
Excluding the income tax benefit from the change in deferred income taxes
valuation allowance, quarterly adjusted net income was approximately $1.
Roy Dyce, President and CEO of PNG said "While this decision will help PNG to deal with its near term cash flow and liquidity problems, we are disappointed that the BCUC did not approve our request to accelerate the recovery of depreciation of our investment in facilities specifically built to serve Methanex and the unbooked deferred income taxes
Additionally, CMS announced that it will record an impairment charge of $19 million, net of deferred income taxes
, in the fourth quarter of 2004, related to the sale of GVK Industries Ltd.
The restatement primarily resulted from adjustments related to the purchase price allocation for acquisitions completed prior to 2001 and deferred income taxes
By including deferred income taxes
in the capital base, the provinces display a consistency, inasmuch as they are following a taxable capital concept.
In fact, FAS 142 refers to paragraph 30 of FAS 109: "Deferred income taxes
are not recognized for any portion of goodwill for which amortization is not deductible for income tax purposes," and "the recognition of deferred income taxes
is required when amortization of goodwill is deductible for tax purposes.
deferred income taxes
included in the company's consolidated income tax
121 might decrease deferred income taxes
, the following simplified example is used:
To simplify the presentation of deferred income taxes
, FASB is proposing that for such entities, deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position.
Prepaid expenses, net deferred income taxes
and other current assets
The Company was able to reverse $299,185 of its valuation allowance for deferred income taxes
due to continued improvements in the Company's operations and the forecasted revenue and taxable income.