Income Taxes Payable definition

Income Taxes Payable means the income taxes payable by the Company and its Subsidiaries computed consistent with GAAP.
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Income Taxes Payable. Accrued Liabilities"; "Advances From Affiliates"; "Current Maturities of Capital Lease Obligations"; "Capital Lease Obligations" and "Redeemable Preferred Stock".
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Income Taxes Payable means the income taxes payable as shown in the Financial Statements and the Closing Date Balance Sheet;
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Examples of Income Taxes Payable in a sentence

  • The journal entry for the income tax provision is as follows: Income Tax Expense9,393 Deferred Tax Asset, net8,293 Income Taxes Payable 17,686 ii.

  • Stock Option Compensation Expense Deferred Tax AssetAdditional Paid-In Capital--Stock Options Income Taxes Payable$ 77,862$ 22,137$ 77,862$ 22,137I) i.

  • But Income Taxes Payable represents only the portion of this expense that has not yet been paid.

  • This Cash Flow Model adjusts Net Income (Loss) for Accrued Interest and changes in Depreciation, Depreciation on SDWBA Plant, Provision for losses on Accounts Receivable, SDWBA Trust Account, Accounts Receivable, Inventory, Prepaid Expenses, Accounts Payable, Accrued Expenses, Income Taxes Payable, Deferred Taxes, Deferred Credits, and Other Liabilities.

  • But Income Taxes Payable represents only the portion of this expense that has not yet been paid.30 Minutes, MediumPROBLEM 4.5B MARVELOUS MUSICa.PROBLEM 4.5BMARVELOUS MUSIC (concluded)b.

  • Discuss typical liability accounts, such as Accounts Payable, Notes Payable, Wages Payable, Income Taxes Payable, Rent Payable, Interest Payable, and Unearned Revenue.

  • Tax assessmentsAs at December 31, 2013, Income Taxes Payable includes a provision relating to tax assessments from tax authorities for prior period tax positions.

  • What does this ratio tell you about the "composition" of the current assets?ANSWER: Current Assets = $85,000($11,000 Cash + $35,000 Accounts receivable + $33,000 Inventory + $4,000 Prepaid Rent + $2,000 Office Supplies = $85,000)Current Liabilities = $71,000($46,000 Accounts Payable + $1,000 Interest Payable + $14,000 Income Taxes Payable = $71,000)Current ratio = 1.20 to 1 ($85,000 / $71,000) The current ratio does not provide information about the composition of the current assets.

  • What does this ratio tell you about the "composition" of the current assets?ANSWER: Current Assets = $85,000($11,000 Cash + $35,000 Accounts receivable + $33,000 Inventory + $4,000 Prepaid Rent +$2,000 Office Supplies = $85,000)Current Liabilities = $61,000($36,000 Accounts Payable + $1,000 Interest Payable + $24,000 Income Taxes Payable =$61,000)Current ratio = 1.39 to 1 ($85,000 / $61,000)The current ratio does not provide information about the composition of the current assets.

  • Tax Liabilities Income Taxes Payable Income Taxes Payable are recorded in line with U.S. GAAP.


More Definitions of Income Taxes Payable

Income Taxes Payable means those items historically reflected, and recorded in accordance with GAAP consistently applied, in the XxXxx 1996 Financial Statements under the heading "Income Taxes Payable."
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Income Taxes Payable. Deferred Income Taxes," "Other Current Liabilities" or "Current Maturities of Long-Term Obligations" or for cash overdrafts or (b) from any breach or default by Seller under any Assigned Contract, all of which liabilities and obligations will constitute Retained Liabilities. Notwithstanding anything to the contrary contained in this Agreement or any document delivered in connection herewith, Purchaser's obligations in respect of the Assumed Liabilities will not extend beyond the extent to which Seller was obligated in respect thereof and will be subject to Purchaser's right to contest in good faith the nature and extent of any liability or obligation.
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Related to Income Taxes Payable

  • Income Taxes means any Tax that is imposed on or measured by or referred to as income, gross income, gross receipts, profits, capital stock, franchise or other similar Tax.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • tax dues means the tax payable under this Act and does not include interest, fee and penalty; and

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Transaction Taxes has the meaning set forth in Section 6.01.

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Transfer Taxes means any transfer, documentary, sales, use, stamp, registration and other similar Taxes and fees (including any penalties and interest) incurred in connection with the Transactions.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.