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Message: Re: Taxes - optymystic
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Oct 14, 2008 08:42PM

Oct 15, 2008 05:50AM

Oct 15, 2008 06:13AM

Oct 15, 2008 04:36PM

Re: Taxes - optymystic

in response to by
posted on Oct 15, 2008 07:17PM

Re: optymystic, "Wouldn't taxes payable mean that they've already recognized the taxes owed, but not paid? So we'll see a hit against cash, but not earnings.?

That would seem logical but unless I'm missing something, I don't think so.

It appears that only the $2,379,704 tax provision number is included in the calculation that derives the $3,120,808 Net Income. It is this net income that is used to calculate EPS for this past Q.

Under "Current liabilities" a line item for "Income tax payable" = $3,749,353, is not part of the Net Income calculation, and not part of this past Qs EPS calculation. Therefore I'd say it will appear in next Qs Income and EPS calculation.


Oct 16, 2008 08:19AM
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