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#11
November 8th 05, 02:03 AM
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GA's
Sorry but that is not true. The income statement is based on GAAP which is
different from tax accounting. If you go to the cash flow statement you will see an adjustment for taxes since they did not pay the amount in the income statement. Mike MU-2 "Robert M. Gary" wrote in message oups.com... For a guy with the handle taxsrv, I am surprised that you don't know the difference between GAAP and tax accounting and that you can't reconcile the cash flow statement with the earnings statement Mike, if their 10K (GAAP) reports expenses for taxes, its a good bet they are paying income tax. -Robert 
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