Deferred Income Taxes definition

Deferred Income Taxes means the deferred tax assets and liabilities required to be recorded under GAAP to reflect the tax effect of temporary differences between the financial statements carrying values and the tax bases of assets and liabilities. EXECUTED as of the date first written above. GENERAL ROOFING SERVICES, INC. By: /S/ Gregx Xxxxxxx ------------------------------ Gregx Xxxxxxx, Xxesident ADVANCED ROOFING, INC. By: /s/ ------------------------------

Deferred Income Taxes means Equitrans federal and state income tax rates as reflected in Equitrans currently effective NGA-jurisdictional rates for service on the Sunrise Facilities multiplied by the difference between the book and tax accounting procedures for the recognition of income and expenses associated with the Sunrise Facilities.

Deferred Income Taxes means all taxes in respect of income and excess profits not due within one year from the date of accrual thereof in accordance with GAAP.

Examples of Deferred Income Taxes in a sentence

• There shall not be netted against entries required to be made to these accounts any credit amounts appro- priately includible in Account 411.1 or Ac- count 411.2.B. Accounts 411.1 or 411.2 shall be credited, and Accumulated Deferred Income Taxes, shall be debited, with amounts equal to any allocations of deferred taxes originating in prior periods or any current deferrals of taxes on income, as provided by the texts of Accounts 190, 281, 282, and 283.

• Deferred Income Taxes The Company computes deferred income taxes in accordance with SSAP No. 101, Income Taxes.

• Deferred Income Taxes The Company follows the asset and liability method of accounting for income taxes.

• Income tax effects relating to the amounts recorded in this account shall be recorded in account 410.1, Provision for Deferred Income Taxes, Utility Op- erating Income, or account 411.1, Provi- sion for Deferred Income Taxes—Cred- it, Utility Operating Income, as appro- priate.

• When the utility recognizes the loss in the year of reacquisition as a tax deduction, account 410.1, Provision for Deferred Income Taxes, Utility Op- erating Income, shall be debited and account 283, Accumulated Deferred In- come Taxes—Other, shall be credited with the amount of the related tax ef- fect, such amount to be allocated to the periods affected in accordance with the provisions of account 283.

More Definitions of Deferred Income Taxes

Deferred Income Taxes means the deferred tax assets and liabilities required to be recorded under GAAP to reflect the tax effect of temporary differences between the financial statements carrying values and the tax bases of assets and liabilities. EXECUTED as of the date first written above. GENERAL ROOFING SERVICES, INC. By:/s/ Gregx Xxxxxxx ---------------------------------------- Gregx Xxxxxxx, Xxesident WRIGXX-XXXXX XXXFING COMPANY By:/s/ Thomxx X. Xxxxx, Xx. ---------------------------------------- Thomxx X. Xxxxx, Xx. President STOCKHOLDERS: /s/ Thomxx X. Xxxxx, Xx. ------------------------------------------- Thomxx X. Xxxxx, Xx. /s/ Lawrxxxx X. Xxxxxx ------------------------------------------- Lawrxxxx X. Xxxxxx /s/ Jamex Xxxxx ------------------------------------------- Jamex Xxxxx /s/ Terrx X. Xxxxx ------------------------------------------- Terrx X. Xxxxx EXHIBIT A Number of Shares Of Company Common Stock Percentage of Name Purchased Ownership ---- ----------------------- ------------- Thomxx X. Xxxxx, Xx., Xxustee Thomxx X. Xxxxx, Xx. Xxxocable Living Trust U/T/A 09/16/80 4,750 95% Lawrxxxx X. Xxxxxx 75 1.5% Jamex Xxxxx 75 1.5% Terrx X. Xxxxx 100 2.0% Total 5,000 100% EXHIBIT D

Deferred Income Taxes means liabilities of the Borrower and its --------------------- Subsidiaries in respect of taxes that have been deferred in accordance with GAAP.

Deferred Income Taxes means deferred tax assets or liabilities (current or long-term) recorded in accordance with generally accepted accounting practices on a balance sheet; PROVIDED that the term Deferred Income Taxes shall not include any deferred tax asset or liability which arises from the

Deferred Income Taxes means all taxes in respect of income and excess profits not due within one year from the date of accrual thereof in accordance with generally accepted accounting principles.

Deferred Income Taxes means those items historically reflected in the XxXxx 1996 Financial Statements under any heading "Deferred Income Taxes" and recorded in accordance with GAAP, consistently applied.

Deferred Income Taxes means as of the time of any determination, the liability for deferred income taxes of the Company and Subsidiaries on a consolidated basis.

Deferred Income Taxes means the deferred tax assets and liabilities required to be recorded under GAAP to reflect the tax effect of temporary differences between the financial statements carrying values and the tax bases of assets and liabilities. EXECUTED as of the date first written above. GENERAL ROOFING SERVICES, INC. By:/s/ Gregx Xxxxxxx ------------------------------ Gregx Xxxxxxx, Xxesident CYCLONE ROOFING COMPANY By: -------------------------- Name: ------------------------- Title: ----------------------- STOCKHOLDER: /s/ R. Waynx Xxxxx ------------------------------ R. Waynx Xxxxx