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To: rkral who wrote (62844)1/31/2003 10:23:41 AM
From: hueyone  Respond to of 77400
 
Hi Ron:

mean "minus ("stock grant" minus "tax savings")".

Yes, that is exactly what I meant Ron, so net income and retained earnings ends up being reduced by less than the actual value of the stock grant because there was a tax savings created by this expense.

Thanks for that clarification Ron.

Regards, Huey
P.S. I did say "reduced by the value of the stock grant net of tax savings" once.


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