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deferred income

   Also found in: Wikipedia 0.03 sec.
deferred income
Income received by a business but not yet reported as earned. For example, a business may receive payment for a service or a product that has not yet been delivered. A deferred credit is treated as a liability until reported as income earned. Also called deferred credit.


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The reason for this reporting difference is that in the fourth quarter of 2005, the Company recorded deferred income tax assets to reflect its expected future use of net operating loss carry forwards.
The reason for this reporting difference is that in the fourth quarter of 2005, the Company recorded deferred income tax assets to reflect its expected future use of net operating loss carry forwards.
Net loss from continuing operations before deferred income taxes and minority interest for the three months ended June 30, 2006 was $900,000 compared to a net loss of $2.
 
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