NET OF TAXES Definition

Bookmark and Share

NET OF TAXES means the effect of applicable taxes (usually income taxes) has been considered in determining the overall effect of an item on the financial statements. The phrase is used when a company has items that must be disclosed in a separate section. Each such item should be reported net of the applicable taxes.

Learn new Accounting Terms

UNRESOLVED EQUITY is the difference between Total Assets and Total Liabilities on the Balance Sheet. Total Assets is always equal to Total Liabilities plus Equity.

FREDDIE MAC see FEDERAL HOME LOAN MORTGAGE ASSOCIATION.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.