HSKA » Topics » Income Taxes

These excerpts taken from the HSKA 10-K filed Mar 16, 2009.

Income Taxes

 

The Company records a current provision for income taxes based on estimated amounts payable or refundable on tax returns filed or to be filed each year.  Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards.  Deferred tax assets and liabilities are measured using enacted tax rates, in each tax jurisdiction, expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date.  The overall change in deferred tax assets and liabilities for the period measures the deferred tax expense or benefit for the period.  Deferred tax assets are reduced by a valuation allowance based on judgmental assessment of available evidence if the Company is unable to conclude that it is more likely than not that some or all of the deferred tax assets will be realized.

 

Income
Taxes



 



The Company records a
current provision for income taxes based on estimated amounts payable or
refundable on tax returns filed or to be filed each year.  Deferred tax assets and liabilities are
recognized for the future tax consequences attributable to differences between
the financial statement carrying amounts of existing assets and liabilities and
their respective tax bases and operating loss and tax credit
carryforwards.  Deferred tax assets and
liabilities are measured using enacted tax rates, in each tax jurisdiction,
expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled.  The effect on deferred tax assets and
liabilities of a change in tax rates is recognized in operations in the period
that includes the enactment date.  The
overall change in deferred tax assets and liabilities for the period measures
the deferred tax expense or benefit for the period.  Deferred tax assets are reduced by a
valuation allowance based on judgmental assessment of available evidence if the
Company is unable to conclude that it is more likely than not that some or all
of the deferred tax assets will be realized.



 



Income
Taxes



 



The Company records a
current provision for income taxes based on estimated amounts payable or
refundable on tax returns filed or to be filed each year.  Deferred tax assets and liabilities are
recognized for the future tax consequences attributable to differences between
the financial statement carrying amounts of existing assets and liabilities and
their respective tax bases and operating loss and tax credit
carryforwards.  Deferred tax assets and
liabilities are measured using enacted tax rates, in each tax jurisdiction,
expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled.  The effect on deferred tax assets and
liabilities of a change in tax rates is recognized in operations in the period
that includes the enactment date.  The
overall change in deferred tax assets and liabilities for the period measures
the deferred tax expense or benefit for the period.  Deferred tax assets are reduced by a
valuation allowance based on judgmental assessment of available evidence if the
Company is unable to conclude that it is more likely than not that some or all
of the deferred tax assets will be realized.



 



These excerpts taken from the HSKA 10-K filed Mar 3, 2008.

Income Taxes

 

The Company records a current provision for income taxes based on estimated amounts payable or refundable on tax returns filed or to be filed each year.  Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards.  Deferred tax assets and liabilities are measured using enacted tax rates, in each tax jurisdiction, expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date.  The overall change in deferred tax assets and liabilities for the period measures the deferred tax expense or benefit for the period.  Deferred tax assets are reduced by a valuation allowance based on judgmental assessment of available evidence if the Company is unable to conclude that it is more likely than not that some or all of the deferred tax assets will be realized.

 

Income Taxes



 



The
Company records a current provision for income taxes based on estimated amounts
payable or refundable on tax returns filed or to be filed each year.  Deferred tax assets and liabilities are
recognized for the future tax consequences attributable to differences between
the financial statement carrying amounts of existing assets and liabilities and
their respective tax bases and operating loss and tax credit
carryforwards.  Deferred tax assets and
liabilities are measured using enacted tax rates, in each tax jurisdiction,
expected to apply to taxable income in the years in which those temporary differences
are expected to be recovered or settled. 
The effect on deferred tax assets and liabilities of a change in tax
rates is recognized in operations in the period that includes the enactment
date.  The overall change in deferred tax
assets and liabilities for the period measures the deferred tax expense or
benefit for the period.  Deferred tax
assets are reduced by a valuation allowance based on judgmental assessment of
available evidence if the Company is unable to conclude that it is more likely
than not that some or all of the deferred tax assets will be realized.



 



This excerpt taken from the HSKA 10-K filed Mar 30, 2007.

Income Taxes

The Company records a current provision for income taxes based on estimated amounts payable or refundable on tax returns filed or to be filed each year.  Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards.  Deferred tax assets and liabilities are measured using enacted tax rates, in each tax jurisdiction, expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date.  The overall change in deferred tax assets and liabilities for the period measures the deferred tax expense or benefit for the period.  Deferred tax assets are reduced by a valuation allowance based on judgmental assessment of available evidence if the Company is unable to conclude that it is more likely than not that some or all of the deferred tax assets will be realized.

This excerpt taken from the HSKA 10-K filed Mar 31, 2006.

Income Taxes

 

The Company records a current provision for income taxes based on estimated amounts payable or refundable on tax returns filed or to be filed each year. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates, in each tax jurisdiction, expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. The overall change in deferred tax assets and liabilities for the period measures the deferred tax expense or benefit for the period. Deferred tax assets are reduced by a valuation allowance based on judgmental assessment of available evidence if deemed more likely than not that some or all of the deferred tax assets will not be realized.

 

This excerpt taken from the HSKA 10-K filed Mar 31, 2005.

Income Taxes

        The Company records a current provision for income taxes based on estimated amounts payable or refundable on tax returns filed or to be filed each year. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. The overall change in deferred tax assets and liabilities for the period measures the deferred tax expense or benefit for the period. Deferred tax assets may be reduced by a valuation allowance based on judgmental assessment of available evidence if deemed more likely than not that some or all of the deferred tax assets will not be realized.

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