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To: Don Lloyd who wrote (174604)5/15/2003 11:44:21 AM
From: Stock Farmer  Respond to of 186894
 
LOL... like profits are made first and then a wife chooses how to spend them, eh?

LOL

Seriously though, "Profits" do include the effect of Income Tax, even though profits before income tax are calculated first and then tax is deducted.

We don't have a bottom line below dividends on the income statement (e.g. income after dividends).

It's definitional, not procedural.

John