FAS 109 definition
Examples of FAS 109 in a sentence
Intangibles as used for the determination of Minimum Tangible Net Worth shall be defined by GAAP exclusive of the deferred tax asset and associated valuation reserve as defined by FAS 109.
Thailand Tax Provision and Reporting Preparation and submission of all materials at the State, Federal and International (ex-US) levels required for the quarterly income Tax provision to ensure compliance under FAS 109, FAS 5, FAS 123R and FIN 48, and all amendments or changes thereto.
PESCO and each of its Subsidiaries have paid, or have provided reserves in accordance with GAAP (specifically under FAS 109) for the payment of, all federal, state, local and foreign income taxes applicable for all prior fiscal years and for the current fiscal year to date.
FAS 109 liberalized these requirements, and, as a result, section 847 is largely unnecessary and administratively burdensome.
Income Taxes The Company follows Statement of Financial Accounting Standards No. 109 (FAS 109), "Accounting for Income Taxes".
FAS 109 is an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of the difference in events that have been recognized in the Company's financial statements compared to the tax returns.
The cumulative effect of adopting FAS 109 as of October 1, 1992 was to increase the net loss by $827,000.
The Bonds are subject to redemption prior to maturity in accordance with their terms and the terms and provisions set forth in this Section.
Seller shall provide all assistance reasonably requested by Purchaser and UGC in connection with efforts by Purchaser and UGC to prepare a complete FAS 109 analysis for 2004 and prior years.
Tax General accounting advice and consultation in the areas of federal and state tax planning and compliance, management of open audits, tax accounting under FAS 109 and FIN48, general advice on audit dispute resolution, calculation of estimated tax payments, tax compliance software selection, and preparation, review and filing of the first set of federal and state income tax returns.