Accounting for income taxes: the oil and gas case

Journal Article · Sat Dec 01 04:00:00 EST 1984 · Oil Gas Tax Q.; (United States)

OSTI ID:6127929

Grossman, S D; Mister, W G; Shearon, W T

After a brief summary of the tax allocation issue, the authors shift their focus to a comparative analysis of empirical evidence on the effects of tax allocation practices on the oil and gas industry versus other major industries. A survey of 1611 companies found an overall growth in the ratio of deferred taxes to net stockholders' equity of 85%, compared to 419% for oil and gas companies alone. The difference may indicate a need to reexamine accounting standards for the oil and gas industry's income taxes. 3 tables.

• Research Organization: Texas A and M Univ., College Station
• OSTI ID: 6127929
• Journal Information: Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 33:2; ISSN OGTQD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ACCOUNTING
ALLOCATIONS
COMPARATIVE EVALUATIONS
INCOME
INDUSTRY
LAWS
LEGAL ASPECTS
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
TAX LAWS
TAXES