SFAS#60, on the second page (Summary before the index) says that
"Realized investment fains and loses are reported in the income
statement below operation income and net of applicable income taxes."
A look at my company's Annual Statement's Statement of Income, p. 4
shows that Line 9 "Net realized capital gains or losses" has federal
income taxes removed on line 15. Contradiction, no? Any
explanations?
Jim Shoenfelt
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