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To: wanna_bmw who wrote (168031)7/12/2002 4:38:09 AM
From: TGPTNDR  Respond to of 186894
 
Wanna, Windsock, and Tenchusatsu, Re: <Tax Credits...Can you explain to me how this works?>

No, I can't. It looked to me like a sufficiently interesting question that I put out a thought for comment.(To a large degree 'cause nobody'd put an answer out there and I wanted to keep it alive.)

Here are a couple of definitions:

Net Income from Continuing Operations - Includes income taken before the following: preferred dividends; extraordinary gains and losses; income from cumulative effects of accounting change; non-recurring items; income from tax loss carryforward; other gains/losses.

Operating Income - A firm's earnings from normal operations, minus the everyday costs of doing business. Thus, operating income doesn't take account of proceeds from an asset sale; these nonrecurring items are excluded. On the other hand, costs such as interest expenses and taxes are also ignored. Operating income gives investors an idea of how much money a company makes from its business operations.

<EDIT> Just read qgambit's response(And the follow up to Tenchusatsu from L. Adam Latham in Message 17726715 ) -- which makes sense to me. But if you want more info, there's a really strong accounting type( Johnathan Robinson ) that shows up on the moderated thread pretty frequently that I'd ask.

Thanks for asking the question and keeping it alive.

-tgp