Reliance RS Consolidation Eliminations — Income Taxes Receivable
Discontinued — last reported Q2 '16
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Where this comes from
Reported directly by Reliance in its filing.
Tagged under the XBRL concept us-gaap:IncomeTaxesReceivable.
The official record: Reliance’s 10-Q, filed August 1, 2016, on SEC EDGAR. View the filing →
Questions, answered.
- What does consolidation eliminations — income taxes receivable mean?
- This adjustment removes intercompany income tax receivables that arise from internal tax sharing agreements or deferred tax positions between subsidiaries. It ensures that the consolidated balance sheet only reports tax assets owed by external tax authorities. It is a technical balance sheet reconciliation item.