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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (138884)	7/9/2001 10:42:48 AM
From: GVTucker	Respond to of 186894

Dave, RE: One question for you, how come AMD has deferred taxes as both an asset and liablity? Shouldn't that be netted out? Usually, but not necessarily. Deferred tax occurs as a result of differences between the tax books and GAAP books (i.e. the books we all see). Sometimes this difference can be permanent (and thus not reflected on the books), other times the difference can be temporary, such as when there is a difference in depreciation schedules. Although I haven't been looking closely at AMD's balance sheet over a long period, I would bet that the deferred tax asset is probably a more temporary account based upon an issue or issues that are significantly different than those that create the deferred tax liability, which is the more 'normal' side of the balance sheet for deferred tax.