"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.?"

Opty is right in the above quote.

You state some things correctly, but others incorrectly. Rather than get into a full blown discussion, the taxes payable on the August 31 balance sheet will in no way affect the calculation of eps in the next quarter.