(NASDAQ: EQBK), the Wichita-based holding company of Equity Bank, has reported its unaudited results for the quarter ended June 30, 2019, including net income
allocable to common stockholders of USD9.2m, or USD0.58 per diluted share.
FFO
allocable to common shareholders, as adjusted, for the third quarter 2018 was $68.6 million, or $0.40 per diluted share, compared with $84.7 million, or $0.50 per diluted share, for the third quarter 2017.
Specifically, the loan costs
allocable to loans repurchased for money were deductible when the loans were repurchased, and the loan costs
allocable to loans exchanged for new term loans were deductible upon the exchange.
The Department of Health Services contracts for services from this provider and the contract indicates 50 percent of the CEO's activity is
allocable to the contract.
[section] 1.263A-1(e)(3)(i) requires the capitalization of "all indirect costs properly
allocable to property produced or property acquired for resale" and defines costs properly
allocable to property as those "that directly benefit or are incurred by reason of the performance of production or resale activities." The Treasury regulations provide a nonexhaustive list of indirect costs that must be capitalized and a list of costs (such as marketing, selling, advertising and distribution costs) that can be currently deducted.
* The taxpayer must be obligated by the contract or industry custom to repay an
allocable portion if the purchase commitment is not met.
The TIPRA amendments to section 199 narrowed the term "W-2 wages" to include only those amounts properly
allocable to domestic production gross receipts (DPGR), (7) placing an additional burden of determining the portion of W-2 wages that are properly
allocable to DPGR on taxpayers.
199 purposes, that W-2 wages consist only of amounts properly
allocable to domestic production gross receipts--which is used to determine QPAI.
TIPRA modifies the wage limitation so that taxpayers may only include wages that are properly
allocable to domestic production gross receipts.
Attached schedules calculate the
allocable interest for each institution.
Reckson reported net income
allocable to common shareholders of $113.6 million, including $96.4 million related to gains on sales of depreciable real estate, or diluted earnings per share (EPS) of $1.37 for the third quarter of 2005, as compared to $8.8 million, including $2.2 million related to gains on sales of depreciable real estate and the aforementioned $6.7 million accounting charge, or diluted EPS of $0.13 for the third quarter of 2004.
Qualified production activities income equals domestic production gross receipts reduced by the cost of goods sold
allocable to such receipts, other deductions, expenses or losses that are directly
allocable to such receipts, and a proper share of other deductions, expenses, and losses that are not directly
allocable.