ESLR » Topics » INCOME TAXES

These excerpts taken from the ESLR 10-K filed Feb 27, 2008.
INCOME TAXES
 
The Company accounts for income taxes under the liability method, which requires recognition of deferred tax assets, subject to valuation allowances, and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and income tax purposes. A valuation allowance is established if it is more likely than not that all or a portion of the net deferred tax assets will not be realized.


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Table of Contents

 
EVERGREEN SOLAR, INC.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
INCOME
TAXES



 



The Company accounts for income taxes under the liability
method, which requires recognition of deferred tax assets,
subject to valuation allowances, and liabilities for the
expected future tax consequences of events that have been
included in the financial statements or tax returns. Deferred
income taxes reflect the net tax effects of temporary
differences between the carrying amounts of assets and
liabilities for financial reporting and income tax purposes. A
valuation allowance is established if it is more likely than not
that all or a portion of the net deferred tax assets will not be
realized.





F-12





Table of Contents





 




EVERGREEN
SOLAR, INC.




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 




This excerpt taken from the ESLR 10-K filed Feb 27, 2007.
INCOME TAXES
 
The Company accounts for income taxes under the liability method, which requires recognition of deferred tax assets, subject to valuation allowances, and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and income tax purposes. A valuation allowance is established if it is more likely than not that all or a portion of the net deferred tax assets will not be realized.
 
This excerpt taken from the ESLR 10-K filed Mar 16, 2006.
INCOME TAXES
 
The Company accounts for income taxes under the liability method, which requires recognition of deferred tax assets, subject to valuation allowances, and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and income tax purposes. A valuation allowance is established if it is more likely than not that all or a portion of the net deferred tax assets will not be realized.
 
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