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| Accounting term: | Net of taxes |
| Definition: | 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. |
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Accounting terms by letter:
Some accounting terms:
- Grantee
Person to whom property is transferred. - Reversing entry
Reversing entry is a very special type of adjustin [...]
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