1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
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0<br />
•<br />
a<br />
LP•I ON 4<br />
L OVERLAP RAP.292 292.4<br />
1967 CORPORATION<br />
SOURCE BOOK OF STATISTICS OF INCOME<br />
ACTIVE CORPORATION INCOME TAX RETURNS, JULY 1967 JUNE 1968<br />
BALANCE SHEET, INCOME STATEMENT, TAX, AND INVESTMENT CREDIT ITEMS, BY INDUSTRY GROUP AND BY SIZE OF TOTAL ASSETS<br />
RETURNS WITH AND WITHOUT NET INCOME<br />
ITEM<br />
ISIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS)<br />
TOTAL ZERO<br />
ASSETS<br />
OVER ZERO 50 100<br />
SIZE OF TOTAL ASSETS<br />
250<br />
UNOER<br />
500<br />
1 ,<br />
UNDER<br />
000<br />
UNDER<br />
5,000<br />
UNDER<br />
50 100<br />
UNDER UNDER<br />
250<br />
UNDER<br />
5C0 11000 51000 10,000<br />
NUMBER OF RETURNS WITH AND WITHOUT NET INCOME<br />
1 TOTAL<br />
4 2)6<br />
2 WITH NET INCOME<br />
6* 44* 38 ►<br />
213<br />
. .<br />
6* 43*<br />
18*<br />
38*<br />
70<br />
3<br />
19*<br />
WITHOUT NET INCOME 23 .<br />
• 1<br />
17* 57 17*<br />
4 FORM 1120•4 39* .<br />
.<br />
.<br />
1<br />
38* -<br />
-<br />
13* a<br />
- 1 .<br />
S TOTAL ASSETS<br />
3271201<br />
.<br />
6 CASH 66 3441*<br />
126116<br />
. 17464* 196441<br />
2<br />
134444*<br />
7 NOTES AND ACCOUNT) 23,* RECEIVABLEtto<br />
.<br />
614003 408*<br />
10,<br />
17677<br />
2422*<br />
6046<br />
6 LESS) ALLOWANCE FOR BAD DEBTS .<br />
6981 IS)<br />
263 27436<br />
• 24374*<br />
9<br />
4<br />
INVENTORIES 948174 .<br />
13<br />
1<br />
598<br />
149<br />
►<br />
207*<br />
INVESTMENTS IN GOVT. OBLIGI . 458 37680<br />
10<br />
43527*<br />
UNITED STATES 37964 .<br />
11 STATE AND LOCAL<br />
. ■<br />
■ ■<br />
13340* 1067*<br />
■<br />
12<br />
.<br />
■<br />
OTHER CURRENT ASSETS -<br />
19456 .<br />
(5)<br />
42990<br />
■<br />
-<br />
.<br />
.<br />
13 LOANS TO STOCKHOLDERS - - . 78<br />
.<br />
2649 1435*<br />
14 MORTGAGE AND REAL ESTATE LOANS. 2507<br />
.<br />
■<br />
- ■<br />
OTHER INVESTMENTS -<br />
220491 .. 12 15<br />
8 ► 13*<br />
■<br />
16 DEPRECIABLE ASSETS 2620515 15596* ,<br />
25<br />
9209 1522<br />
17 658►<br />
LESS, ACCUM DEPRECIATION 1389757 178* 108223<br />
6 459*<br />
131751*<br />
18 DEPLETABLE ASSETS 56► 12 .<br />
56228 77807►<br />
19 LESS, ACCUM DEPLETION - — -<br />
■<br />
.. .<br />
—<br />
20 LAND<br />
•<br />
20640 . '3 -<br />
. -<br />
21<br />
.•<br />
INTANGIBLE ASSETS (AMORTIZABLE) ■<br />
672 (5)<br />
1377 524*<br />
22 ■<br />
LESS, ACCUM AMORTIZATION ■<br />
201 {S)<br />
5* S. —<br />
23 OTHER ASSETS 43340 .<br />
. 3*<br />
27* .<br />
—<br />
312* 2791 1871 ►<br />
24 TOTAL LIABILITIES 3271291 ■ 56 3481 ►<br />
25 ACCOUNTS PAYABLE ■ ■<br />
210927 17458* 156441<br />
■ 14 349*<br />
134989*<br />
26 MORT.. NOTES. BONDS UNDER 1 YR 274676 .<br />
228<br />
972*<br />
13489<br />
.<br />
17212*<br />
OTHER CURRENT LIABILITIES 137546 - (5)<br />
284<br />
► 614*<br />
9737 8820*<br />
28 LOANS FROM STOCKHOLDERS 36998 1688►<br />
3<br />
9030 6052*<br />
• ■<br />
29 MORT.' NOTES. BONDS OVER 1 YR 328979<br />
■<br />
811*<br />
■<br />
30 OTHER LIABILITIES 6<br />
54309 .<br />
. 5105*<br />
■<br />
2<br />
265<br />
76*<br />
8773<br />
31<br />
16327*<br />
CAPITAL STOCK 40443E4 .<br />
1263*<br />
28<br />
300<br />
1135*<br />
1630<br />
32 PAID-IN OR CAPITAL SURPLUS 146581 - 426*<br />
(5)<br />
30267<br />
33<br />
16212*<br />
RETAINED EARNINGS, APPROP 14965 . 7 5252 ► 242*<br />
34<br />
■ ■<br />
RETAINED EARNINGS. UNAPPROP...• ■<br />
a 1686179 ■ 3<br />
4619*<br />
335* .<br />
1659<br />
35 LESS, COST OF TREASURY STOCK..• 24307 13297*<br />
■ .. 77982 61770*<br />
3819 ► 40*<br />
36 TOTAL RECEIPTS<br />
4 4234286<br />
37 BUSINESS RECEIPTS<br />
33212* 1461* 11530*<br />
4188542 32727 ►<br />
O<br />
1207<br />
33784* 262598<br />
► 11487* .<br />
265077*<br />
INTEREST ON GVT. OBLIGATIONS,<br />
32381* 258812<br />
38 UNITED STATES<br />
263906*<br />
39<br />
1547 ...<br />
STATE AND LCCAL —<br />
414<br />
-<br />
■ — . 113*<br />
.<br />
115<br />
40 OTHER INTEREST 12994 106* .1 156*<br />
■<br />
-<br />
41 RENTS<br />
■<br />
4389 64*<br />
477*<br />
1 42*<br />
654<br />
42 -<br />
402*<br />
ROYALTIES<br />
■<br />
1453 451*<br />
■<br />
453<br />
■<br />
127*<br />
43 NET S-T CAP GAIN LESS L-T LOSS. 114<br />
■<br />
■<br />
3*<br />
■<br />
44 NET L.1 .<br />
-<br />
CAP GAIN LESS S-T LOSS. 4860 63 -<br />
21 3*<br />
■<br />
■<br />
i 45 NET GAIN. NONCAPITALASSETS••. • 767 6*<br />
836* 246 • 64*<br />
46 DIVIDENDS. DOMESTIC CORPS<br />
■ ■ ■<br />
61 1952 219* — .<br />
77<br />
. 29<br />
47 DIVIDENDS. FOREIGN CORPS ■<br />
993 .<br />
36*<br />
— .<br />
232* 32<br />
48 OTHER RECEIPTS 16261 27* 212*<br />
.<br />
43*<br />
.. —<br />
■<br />
32* 1849 402*<br />
49 TOTAL DEDUCTIONS<br />
4015022 31263*<br />
50 COST OF SALES AND OPERATIONS<br />
1375* 11195*<br />
3286884 26178* 1079*<br />
31167* 246853<br />
8321 ► . .<br />
252021*<br />
51 COMPENSATION OF OFFICERS 25807 58 14 492*<br />
26931* 206625 211453*<br />
52 REPAIRS<br />
■<br />
67410 54 1<br />
1130*<br />
20*<br />
5185<br />
53<br />
2224*<br />
BAD DEBTS 3844 120 (5)<br />
11<br />
14*<br />
1704 3034<br />
54 RENT PAID ON BUSINESS PROPERTY 13158 78* 2 227* — 223*<br />
55 TAXES PAID<br />
205*<br />
94764 593* 46* 525*<br />
17 900<br />
56<br />
477*<br />
INTEREST PAID 43562 66 (5)*<br />
281*<br />
51*<br />
6179<br />
57<br />
4526*<br />
CONTRIBUTIONS OR GIFTS . 3123 7 (5)<br />
288*<br />
11*<br />
1405 2768►<br />
58 AMORTIZATION<br />
54 15)<br />
■ 15)<br />
337<br />
4 59<br />
354*<br />
DEPRECIATION<br />
■<br />
164153 856* 4 51*<br />
-<br />
(5) (5) ► 21 ►<br />
60 DEPLETION . ■<br />
■<br />
32* 6544<br />
61 ADVERTISING<br />
■ .<br />
.<br />
7611*<br />
25262 26 4 ..<br />
-<br />
.<br />
62 PENSION, PROF SH•PANNUITY PLANS 28349 16*<br />
.<br />
.<br />
2<br />
76*<br />
174 36►<br />
63 OTHER EMPLOYEE BENEFIT PLANS•.• ■<br />
9901 49 (5) 45*<br />
873*<br />
.<br />
1086*<br />
64 NET LOSS. NONCAPITAL ASSETS ■<br />
2908<br />
■<br />
2 212* 626<br />
— .<br />
251*<br />
65 OTHER DEDUCTIONS '245243 3160* . .<br />
13 1362*<br />
2007*<br />
. 30<br />
■ 2475* 14071 17945 ►<br />
66 TOTAL RECEIPTS LESS DEDUCTIONS 219264<br />
67 COUSIN TAX INC FM REL FOR CORP(1)<br />
1949* 86* 335*<br />
302<br />
.<br />
.<br />
.<br />
2617* 15745 13056*<br />
68 NET INCOME (LESS DEFICIT)(21 219152 1949* .<br />
■<br />
69 NET INCOME<br />
86* 335*<br />
235107 1949* 2617*<br />
88* 335* .<br />
15589<br />
•<br />
13056..<br />
70 DEFICIT<br />
15955 .. 2<br />
2682* 18203 13998*<br />
RETURNS OTHER THAN FORM L120.51 65<br />
71<br />
2614*<br />
NET INCOME (LESS DEFICIT)<br />
942<br />
218513 1949*<br />
72 STATUTORY SPECIAL DEDS.. TOTAL. 86*<br />
■<br />
4597 596* 85*<br />
2617* 15285<br />
73<br />
13056*<br />
NET OPERATING LOSS CARRYFRD•. 2893* 383 85*.<br />
76*<br />
74<br />
1071 984*<br />
DIVIDENDS RECEIVED DEDUCTION. '1704 213* ■<br />
-<br />
40 876*<br />
• 75 957*<br />
DED FOR DIV PD. PUB UTIL STK. .<br />
-<br />
36*<br />
76<br />
195* 27<br />
WESTERN HEMISPHERE TRADE DED•<br />
■<br />
- -<br />
.<br />
■ . ■<br />
77 INCOME SUBJECT TO TAX<br />
■ .<br />
-<br />
.<br />
78 INCOME TAX<br />
230405 1353* (BEF CREDITS), TOT(3)<br />
3 . 110178<br />
.<br />
635* 1 .<br />
- 2590*<br />
79<br />
16963<br />
SURCHARGE<br />
13012*<br />
320 . -<br />
1279*<br />
■ ..<br />
7935<br />
.<br />
6164*<br />
80 TAX RECOMP PRIOR YEAR INV• CR•• . ...<br />
81 752 1 .<br />
50* .<br />
FOREIGN TAX CREDIT 973 -<br />
■ .<br />
328*<br />
.<br />
78 ►<br />
82 INVESTMENT<br />
3<br />
CREDIT 108 46 25<br />
.<br />
■<br />
■<br />
.<br />
83 NET INCOMEILESS DEF) AFTER ■<br />
TAW)) 119870<br />
.<br />
84 NET INCOME AFTER TAX<br />
1339* 85* 335* . 514<br />
.<br />
513*<br />
135961 1339* 87*<br />
1338* 8166<br />
85 ESTIMATED 335► 7405*<br />
TAX PAYMENTS 72300 172*<br />
86 FORM 1120-S NET INCOME (LESS OEF)<br />
.<br />
- - 1403* 10857<br />
639*<br />
.<br />
8348 ►<br />
■<br />
335* - 3376 3992*<br />
DISTRIBUTIONS TO STOCKHOLDERSI ■ ■ 304 .<br />
87 CASH a PROP EXCEPT OWN STOCK<br />
88<br />
77437<br />
CORPORATION'S OWN STOCK<br />
790* .<br />
9955* . . ■<br />
SELECTED INVESTMENT ITEMSI<br />
.<br />
22 3191 2357*<br />
- - ■ 4603*<br />
89 COST OF PROP. USED FOR INV. CR .<br />
90<br />
191450<br />
INVESTMENT QUALIFIED FOR<br />
2 . . ■<br />
0<br />
CREDIT 174013 2 7 9298<br />
91 12244*<br />
TENTATIVE INVESTMENT CREDIT 12169 92 INVESTMENT CREDIT CARRYFORWARD<br />
IS) . .<br />
7 . 8520<br />
-<br />
1769<br />
. 10526*<br />
193<br />
.<br />
. .<br />
15)<br />
93<br />
592<br />
UNUSED<br />
738*<br />
INVESTMENT CREDIT 3041 ■<br />
168 - . 6 89* 551*<br />
■<br />
6<br />
FOOTNOTES AT BEGINNING AND END OF<br />
167* 776*<br />
FILM<br />
• U. S. TREASURY DEPARTMENT - INTERNAL REVENUE SERVICE<br />
RP.1 ON 62<br />
" 120<br />
MINOR INDUSTRY 2211<br />
NM I TEXT ILE MILL pRooucrst Brood woven febrIe<br />
1. 111.,<br />
cotton<br />
10,000 25,000 50,000 100,000<br />
UNDER UNDER UNDER UNDER 250,000 f<br />
25,000 50.000 100,000 250,000 OR MORE<br />
14 7 10 • 1<br />
12 5 4 9<br />
2<br />
2<br />
1<br />
.<br />
- 2<br />
'<br />
-<br />
•<br />
232367 20156 699401 1465674 295867<br />
7001 13264 23702 48152 7188<br />
35443 34361 150196 295491 41568 0<br />
860 493 2409 2862<br />
67741 74225 205964 442699 75069<br />
899 8009 1000 26989 ■<br />
■ 1266 .. 7775<br />
2864<br />
.<br />
2302 2282 6752 1094<br />
-<br />
891 81 — 76<br />
2933<br />
1426<br />
19150 26405 134612<br />
212604<br />
11064<br />
233243 626877 1032626<br />
107039 274330<br />
124695 348686 556158 118623<br />
— 12 - .<br />
.<br />
..<br />
. . . .<br />
1617 4415 2762 7777<br />
—<br />
2165<br />
667<br />
.<br />
. • . 198 —<br />
7356<br />
—<br />
2012 7240 21345 386<br />
232367 269156 695802 1465674 295667<br />
10781 12423 4783:7 102541<br />
34939<br />
6053<br />
10960 36397 156567<br />
9374<br />
16000 P<br />
6617 32906<br />
6500<br />
.<br />
66183 5082<br />
24579<br />
-<br />
.<br />
14212 22712 66033 200651<br />
2896<br />
. 0<br />
5631 11949 22722 7840<br />
27642 26402 63405 234617<br />
5742<br />
4304<br />
16177 35488 79034<br />
3944<br />
4639 0<br />
— 2913 1830<br />
116928<br />
—<br />
169064 375720 619131 251949<br />
591 .830 1425 17602 ■ 0<br />
310320 302136 1024507 1747875 241786<br />
307863 299478 1010921 1729311 240449 0<br />
101 298 92 824<br />
43<br />
3<br />
26 . 189 —<br />
635 0<br />
528 2506 7572 114<br />
111 252 439 2323 578<br />
35<br />
—<br />
306 1109<br />
56<br />
-<br />
-<br />
0<br />
34<br />
430<br />
.<br />
61 2057 660 443<br />
63 30 420 103<br />
20<br />
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671<br />
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309 314 119<br />
- (51 159 834<br />
963<br />
.<br />
792 7264 4636 41 0<br />
302088 292839 980328 1628974 236919<br />
246077 248344 808659 1300223<br />
2608<br />
202994<br />
1716<br />
O<br />
5496 6052 832<br />
1450 989 10149 49998<br />
519 174 1797' 716<br />
845<br />
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2046 7381<br />
6235<br />
1039<br />
6968 21351 41457<br />
3241<br />
6603<br />
1833 10534 22505<br />
242 204<br />
871<br />
415<br />
0<br />
1309<br />
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244<br />
1 3 29 .<br />
13160 14177 42999 61506<br />
-<br />
17213<br />
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9<br />
.<br />
960 870 3759 17250<br />
2021<br />
2781<br />
1408 9422 12153<br />
601<br />
1294<br />
513 2356<br />
0<br />
4330<br />
240<br />
1130<br />
5 412 -<br />
23889 15491 61342 103653 1842 IP<br />
8232 9297 44179 118901 4867<br />
- . 74 228 . V<br />
8189 9271 44253 118940 4867<br />
13855 12873 47317 118940 4867<br />
5666 3602 3064 - . 0<br />
8189 9271 44253 118940 4867<br />
15 794 372 503 101 V<br />
224 91 237 -<br />
15 570 281 266<br />
101<br />
■<br />
.<br />
•<br />
.<br />
.<br />
- .<br />
.<br />
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13840 12499 46944 118435<br />
6497<br />
4766<br />
6101 22583 56783<br />
• 6<br />
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95 169<br />
—<br />
15 35 141 130 21<br />
■ . 131 842 ■<br />
885 0<br />
787 1847<br />
2577<br />
5340<br />
3957<br />
985<br />
23517 67497<br />
8243<br />
3652<br />
7559 26641 67497<br />
5054<br />
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5827<br />
0<br />
16638 35681 1560<br />
■<br />
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12201 43642 8608<br />
5052<br />
-<br />
15500 25669 29077 83666 15987<br />
14084 25165 24935 75714<br />
985<br />
15060<br />
1755 1745 5300<br />
270<br />
1054<br />
176 444 40 .<br />
370 1144 341 - 69<br />
15<br />
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"........66.6611.66666■666 .6<br />
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