Sunday, January 09, 2022 6:07:35 PM
Equity debt and assets show on the balance sheet as outstanding shares and respectively assets. Tax credits are not bundled in with assets nor the equity debt but are part of the common share tax debt and tax receivables. Capital surplus and retained earnings are components of the tax debt and tax receivables.
The bottom line on the cashflow statement is positive for a cash tax debt owing and negative for cash tax receivable. Based on the spread between the two. Because a receivable holds a much higher risk because of its third party component then a tax debts liability and corresponding revenue liability the two values are regarded to be equal in nature relative to the liability they hold.
Anything else you want to know don’t be afraid to ask.
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM