Hi team,
On Income statement page, I noticed that there is a field called "Stock Return" and "Increase in asset value". These values go up and down, even if I don't sell any stocks or properties, making me believe that this is unrealized gain?
If this is the case, I'm confused why would this be added to the income statement and used as base on which tax is calculated.
Additionally, is there any data I could pull to give a clearer breakdown where the amounts in those two fields are sourced from so I can do a deeper dive into the numbers?
Thank you for your help.
GG
Question on Income Statement
- David
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Re: Question on Income Statement
Please be informed that the profit tax is calculated at the firm level, as a corporation can operate firms in different cities, each subject to its own tax rate. Therefore, the profit tax does not include "Stock Return" or "Increase in Asset Value". The profit tax displayed on the corporate income statement represents the aggregate profit tax from all firms within the corporation.
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