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Learning2vest

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Learning2vest

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Re: rmarchma post# 146732

Wednesday, 03/01/2006 7:40:39 AM

Wednesday, March 01, 2006 7:40:39 AM

Post# of 435763
Fully agree. Don't know much about accounting guidelines, but it seems logical that "reversal" transactions in IDCC's income tax reserve account would be the flip side of the transactions which created it.

If there were "charges" against income to set it up(?? not sure), why wouldn't there be "credits" to income when it it reversed?


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