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Technology Stocks : Spectrum Signal Processing (SSPI)
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To: NYBellBoy who wrote (340)12/4/1997 1:47:00 PM
From: EdR  Read Replies (1) of 4400
 
BellBoy -

Thanks for the information. In the Notes-Income Taxes section it states, "The company follows the cost reduction method of accounting for investment tax credits whereby the benifit of tax credits is recognized as a reduction in the cost of the related asset or expenditure when there is reasonable assurance the tax credits will be realized." Elsewhere they state that the benifits were realized in '96. Oh well, looking for hidden eps and came up with nada :)

Ed...
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