Spectrum Signal Processing (SSPI) Message Board

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Technology Stocks : Spectrum Signal Processing (SSPI)

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To: NYBellBoy who wrote (311)	12/4/1997 12:49:00 PM
From: EdR	Read Replies (1) of 4400

[acctg. question] NYBellBoy, Nice to see you here. I remember you saying you are the 'financial guy' and while digging thru the SSPIF '96 annual report I came up with a question you may be able to help with. In the notes to financial statements there is a mention of a $1.4milCDN investment tax credit available to reduce future years income tax. Do you know if there are any rules on how this is to be applied? Does it mean that they can must take the credit on the first $1.4mil due in taxes? It looks to me that this could be over $.14 per share. Comments please... Regards, Ed...

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