All entities are required to disclose the current and deferred income
tax expense components of the total income tax provision from continuing operations.
doubled its net earnings in the first quarter, lifted by higher energy sales, foreign exchange gains and lower deferred income
Ghosn was charged in Japan for failing to report deferred income
he would receive for the five years ending March 2015 and while Nissan fired him as chairman days after his arrest, Renault retained him as chairman and CEO.
It excluded non-recurring items including gains or losses on sale of investment securities; costs related to the acquisition of the Utah branches of Banner Bank and the merger of Town & Country Bank incurred in both 2017 and 2018; and higher income tax expense related to the one-time write-down of its deferred income
tax assets recorded in 2017 to derive non-GAAP financial information related to the Company's core operations.
The company reported a net loss at USD2.2m in 2017 that included net income of USD0.2m in the fourth quarter of 2017 as a result of a deferred income
tax recovery adjustment of USD0.7m.
A qualified longevity annuity contract (QLAC) is a type of longevity annuity ("deferred income
annuity") that meets certain IRS requirements that have been developed in order to encourage the purchase of annuity products with retirement account assets.
Net income decreased 50.5% to USD162,306 from USD327,734; the 2016 amount includes a USD270,000 non-cash deferred income
tax expense (with a corresponding decrease to CCOM's deferred tax asset).
These plans can now purchase deferred income
annuities where an annuitized payout can start as late as age 85.
annuity (DIA) sales continued its strong growth in the last half of 2015.
The condition for the recording as deferred income
of bonus points is that the loyalty programme implemented by the entity allows at any moment the following information to be known: the value of the given bonus points; the expiring date of the bonus points; the value of the delivered bonus points; the value of the existing bonus points, which are to be delivered in the next period of time.
The first item the board is proposing is elimination of the exception in ASC Subtopic 740-10, Recognition, that prohibits recognizing current and deferred income
tax consequences for an intra-entity asset transfer until the asset or assets have been sold to an outside party.