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#1
November 7th 05, 02:31 AM
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GA's
"Mike Rapoport" wrote:
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. Southwest does not pay income taxes. Mike MU-2 So you are saying that you know what's historically on their Forms 1120. In other words, always zero tax? Not even corporation AMT? So how'd they get an actual tax refund on a carryback, per their SEC filing for 2002, if they never paid any tax? Fred F. 
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#2
November 7th 05, 08:42 PM
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GA's
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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