deferred by a pass-through entity. If the income was deferred by a pass-through entity, use line 7. On line 7, partners, shareholders or members should report only their share of the deferred income. In those years when the Internal Revenue Code requires the ratable inclusion of this income, line 4 will reflect a subtraction to income.

Generally accepted accounting principles concepts and conventions

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    Buoyed by federal aid and insurance revenue gains, UPMC’s total revenue from January through October reached nearly $17 billion — 11% higher ... Karlovich deferred to clinical experts ...

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    Mar 28, 2017 · When income tax expense is greater than income tax payable as a result of no recognition of any noncash revenues in tax returns, some income payable is deferred to the future. The smaller income tax payable on tax returns creates a deferred tax liability, which companies must meet by paying any deferred income tax payable in the future. Feb 07, 2018 · Full-year 2017 earnings per share included a negative ($0.41) impact from the new tax reform law for the remeasurement of our net deferred tax assets and a provisional repatriation toll charge, as well as a discrete tax benefit of $0.41 relating to the new 2017 stock compensation accounting standard.

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