Date: Tue Sep 6, 2005 4:36 pm
Can anyone who understands balance sheets well answer if negativeretained earnings can be used to take tax breaks. Meaning, if a companyhas made losses in the past then is there a way of carrying forward thelosses for tax benefits?
http://finance.yahoo.com/q/bs?s=SMTX
Also, what is your understanding of Capital Surplus and Common Stock. Itried looking up the definitions on investopedia but they don'texmplain much.
Thanks,
Ahu
