Note A. Error Corrections - Income Taxes
The condensed consolidated financial statements as of
Additionally, the Company corrected tax benefits recognized that
related to excess stock option deductions to appropriately
consider foreign tax credit carry-forwards previously not
recognized, that should have reduced tax expense in 2012.
Furthermore, the Company has corrected the accounting for foreign
tax credits that arose in the first and second quarters of 2012.
Management believes the effects of the current period corrections
to its financial statements restated in its 2012 annual report
filed on Form 10-K on
The tables below illustrate the effects on the condensed
consolidated balance sheet and statements of operations:
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