- 4 - construction contracts, and may not be adjusted for taxable years ended after October 31, 1988, then the accumulated earnings and profits and resulting deficiencies for the 1989 taxable year are: E&P Broadaways Camerons $251,650.13 $19,126.69 $46,014.36 (2) If Company's earnings and profits may be computed as of the end of each taxable year on the basis of the actual contract costs determined thereafter, but may not be adjusted for taxable years ended after October 31, 1988, then the accumulated earnings and profits and resulting deficiencies for the 1989 taxable year are: E&P Broadaways Camerons $163,580 $12,860.57 $30,901.69 (3) If Company's earnings and profits must be computed as of the end of each taxable year on the basis of reasonable contemporaneous estimates of the costs to complete its construction contracts, and may be adjusted for taxable years ended after October 31, 1988, then the accumulated earnings and profits and resulting deficiencies for the 1989 taxable year are: E&P Broadaways Camerons $141,738.76 $11,392.81 $27,153.55 (4) If Company's earnings and profits may be computed as of the end of each taxable year on the basis of the actual contract costs determined thereafter, and may be adjusted for taxablePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
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