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Full text of "Statistics of income"

BOSTON PUSL/C 



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J 



STATISTICS OF INCOME 



. 1954 




for tax years ended 

July 1954-June 1955 

OCCIDENTAL COLLEGE 
DEC2 6 1957 
UBRARr 

U. S. TREASURY DEPARTMENT • INTERNAL REVENUE SERVICE 



DOCUMENT ROOM 



Statistics of Income / 1954 



Corporation 

INCOME TAX 
RETURNS 



for tax years 
ended 
July 1954— June 1955 










ijuvernmerit documents department , 
^received 



MAY 1 1 2000 



3 



L 



Prepared under the direction of the 
Commissioner of Internal Revenue 
by the Statistics Division 



U. S. TREASURY DEPARTMENT 



Internal Revenue Service • Publication No. 16 



UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON : 1957 



For sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C. • Price $1.25 (paper cover) 



LETTER OF TRANSMITTAL 



treasury department, 
Office of Commissioner of Internal Revenue, 

Washington, D. C. , November 12, 1957. 

SIR: In accordance with the provisions of section 6108 of the 
Internal Revenue Code of 1954 requiring the publication annually of 
statistics with respect to the operation of the Federal income and 
profits tax laws, I have the honor to transmit herewith a report enti- 
tled Statistics of Income — 1954, Corporation Income Tax Returns, pre- 
senting data relative to income, deductions, assets, liabilities, tax 
liability, tax credit, and dividends paid as reported on corporation 
income tax returns for tax years ended July 1954 through June 1955t 
There are also included a historical presentation of the income and of 
the tax liability reported by corporations for the years 1945 through 
1954 and a synopsis of corporation income and profits tax rates and 
other provisions of the Federal tax laws affecting comparability of 
the historical data. 
Respectfully, 



Russell C. Harrington, 
Commissioner of Internal Revenue. 



Hon. Robert b. Anderson, 

Secretary of the Treasury. 



Ill 



OTHER STATISTICS OF INCOME PUBLICATIONS 

FOR 1954 
Corporations Statistics of Income — 1954, Preliminary , Corporation Income Tax Returns 

Income statements, balance sheets, tax, dividends paid; classified by major 
industry groups. Historical summary of total compiled receipts, profit or 
loss, taxes, dividends paid, by net income status, 1950-195'+. (39 pp., 30^) 

IndividuaJs Statistics of Income — 1954, Preliminary , Individual Income lax Returns 

Adjusted gross income, taxable income, income tax liability, sources of in- 
come, exemptions, tax credits, itemized nonbusiness deductions; classified 
by size of adjusted gross income. Selected sources of income by States and 
Territories. (20 pp., 20^) 

Statistics of Income — 1954, Individual Income Tax Returns 

Adjusted gross income, taxable income, income and self-employment tax lia- 
bility, sources of income, exemptions, tax credits, itemized nonbusiness 
deductions; classified by size of adjusted gross income. Taxable income by 
taxable income size for applicable tax rates. Historical summary, 194-5-1954-. 

Estates Statistics of Income— 1954, Estate Tax Returns 

Gross estate, deductions, net estate, taxes, and tax credits. Classifica- 
tions by size of gross estate, size of net estate before specific exemption. 
Selected estate tax data by States and Territories. (26 pp., 25^) 

Fiduciaries Statistics of Income— 1954, Fiduciary Income Tax Returns 

Total income, taxable income, income tax, sources of income, deductions, 
exemptions; classified by size of total income. Selected sources of income 
by States and Territories. Taxable income and income tax by size of taxable 
income. 

FOR 1953 

(Subjects not included for 1954) 

SoJe oroprie- Statistics of Income for 1953, Part 1, Individual Income lax Returns, Estate Tax 
torships Returns, Gift Tax Returns 

Sole proprietorship income, business receipts, net profit or loss. Classi- 
fications by size of total receipts, industry groups. (138 pp., 75^) 

Partnerships Statistics of Income — 1953, Partnership Returns 

Partnership receipts, deductions, profit and loss, assets, liabilities. 
Classifications by industry groups, size of ordinary net income or deficit, 
size of total receipts. Frequency of returns by year of organization, new 
or successor business. Self-employment income, and family partnership data. 
(62 pp., ^5*) 

Farmers' Statistics of Income — 1953, Farmers' Cooperative Income Tax Returns 

cooperatives Receipts, deductions, net income or deficit, tax, assets, liabilities, 
special deductions and adjustments. Classifications by size of business 
receipts, size of total assets, net income status. States and Territories, 
type of service performed, exemption status. (4-2 pp., "iO^t) 



Gifts Statistics of Income for 1953, Part 1, Individual Income Tax Returns, Estate Tax 

Returns, Gift Tax Returns 

Total gifts, exclusions, deductions, net gifts, tax. Classifications by 
size of net gifts, size of total gifts plus gift tax, tax status, type of 
property. (138 pp., 75oi) 

statistics of Income publications are for sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C. 
IV 



General Contents 



Page 

Introduction 1 

1 . Guide to subjects and categories of returns for 1954. ^ 

S. Characteristics of data summarised for IQSi. 7 

3. Tables from corporation income tax returns, 195^ S9 

i.. Historical data, corporation income tax returns, ]9i,5-}95i, 139 

5. Source Book of Statistics of Income, 1926-195^, 171 

S. Synopsis of Federal Tax Laws, 194.5-1954. 181 

7. Facsimiles of corporation return forms for 1954 '^-^ 

Index 2S3 



INTRODUCTION 



Annual returns filed in compliance with Federal income tax laws of- 
fer a unique source of financial information. Statistics of Income— 1954, 
Corporation Income Tax Returns is the 39th volume in an annual series de- 
signed to present relatively complete, coordinated and consistently clas- 
sified statistics from data submitted on corporation income tax returns. 
All domestic and resident foreign corporations, except certain nonprofit 
organizations, are required to file income tax returns which show income 
by source, deductions, credits, and Federal income and profits taxes. 
Other items of importance, particularly assets and liabilities, and 
dividends paid, are also reported. 

The first section of this report summarizes the statistical measure- 
ments provided and the corporation income tax return categories used in 
compiling them. 

The second section contains brief descriptions of changes in law 
which affect the tabulations and an explanation of the terms and methods 
employed in preparing the 1954- coirporation statistics . 

The third section of this report presents tax year 195-4 data on in- 
come, deductions, assets, liabilities, tax, and dividends paid, classi- 
fied by type of industry, size of total assets, and other pertinent 
classifications . The balance sheet data are shown in separate tables 
with related items of income, deductions, and tax. 

The fourth section consists of historical data selected from the tabu- 
lations compiled for the years 19<i5-1954. Comparability of historical 
data is discussed in the accompanying text. 

The sixth section of the report gives a synopsis of Federal tax laws 
affecting corporations. The synopsis tables show tax bases, rates, and 
other provisions useful in studying the statistics . 

Facsimiles of the 1954 return forms on which corporate data were re- 
ported are provided in the final section of the report. 

Some of the data presented in this more detailed complete report were 
available in May 1957 in the Preliminary Report, Statistics of Income— 
1954, Corporation Income Tax Returns, 

The complete report, Statistics of Income — 1954, Corporation Income 
Tax Returns, introduces new methods of presenting these statistics. Prin- 
cipal features of the new presentation are the addition of a user's guide 
to the subjects and categories of returns found in the 1954 tabulations 
(sec. l),the placement in the 1954 table section of many of the special 
tabulations formerly incorporated with the explanatory text material, and 
the independent numbering of tabulations limited to data from returns 
with net income which were formerly shown as Part II of similar tabula- 
tions prepared from all active corporation returns. 



I. Guide to Subjects 

and Categories of 

Returns for 1954 



I 



Guide to BENCHMARK DATA FROM CORPORATION INCOME TAX RETURNS— 1954 

Page 

Text Table 

Industry measurement 17 

Minor industry receipts, costs, net income, taxes 32 

Major industry income statements 37 

Major industry balance sheet and related income statements Vf 

Major industry asset size distribution, balance sheet and related income statement 

items 34. 

Industrial division income size distribution, net income, taxes, dividends paid 80 

Asset size and income size distributions 18 

Balance sheets and related income statements, by size of total assets 52 

Major industry balance sheet and related income statement items, by size of total 

assets 54. 

Industrial division net income, taxes, and dividends paid, by size of net income or 

deficit 80 

Tjrpe of tax liability, by size of net income 82 

Dividend and selected interest receipts, by size of net income or deficit 83 

Type of dividends paid, by size of net income or deficit 8A 

Dividends summary 18 

Dividend receipts by size of net income or deficit 83 

Type of dividends paid by size of net income or deficit 8*4 

Cash dividends paid by industrial division 85 

Accounting periods and methods 18 

Major industry assets, receipts, net income, by month accounting period ended 88 

Calendar and noncalendar periods related to asset size 96 

Calendar and noncalendar periods related to income size 95 

Cash, accrual , and other accounting methods by major industry 87 

Inventory valuation methods by major industry 86 

Inventories 19 

Major industry valuation methods 86 

Manufacturing and trade beginning and ending, related sales and total assets 120 

Manufacturing and trade beginning and ending, total assets, by month accounting period 

ended 121 

Returns wi th net income 97, 10<+, 

110, 118 

New businesses and successor businesses by major industry 20 122 

Consolidated returns 20 

Industrial division balance sheets and income statements 123 

Asset size distribution, balance sheets and related income statements 124- 

Foreign tax credit claimed 20 

Major industry distribution 129 

Asset size distribution 130 

Income size distribution 130 

Western Hemisphere trade corporations 21 

Major industry distribution 131 

Asset size distribution I34. 

Income size distribution 135 

Personal holding company scheduJ es 21 

Undistributed income computation and tax 136 

Sources of personal holding company income 136 

Personal holding company income size distribution 137 

Undistributed personal holding company income size distribution 137 



Guide to NUMBER OF CORPORATION INCOME TAX RETURNS 

WITHIN PRINCIPAL CATEGORIES IN 1954 TABULATIONS 

The number of returns from which data are summarized varies for different groups of 1954 
corporation tax year tables, depending on subject matter and category of returns covered. 



200 



THOUSANDS OF RETURNS 
400 



600 



ACTIVE 



Financial data are available for 722,805 
active corporations 

No financial data are available for 31,214 
inactive corporations 



V 



Data relating to ACTIVE CORPORATIONS ore tabulated for: 

• 722,805 Returns with and without net income 

• 441,177 Returns with net income 

• 281,628 Returns without net income 



WITH NET INCOME 



WITHOUT NET INCOME 



with net income 


WITH BALANCE SHEETS 

without net income 


WITHOUT 
BALANCE 
SHEETS 



ACCOUNTING PERIOD 



DECEMBER 



. 1955 - 



• 722,805 Returns with and without balance 

sheets 

• 667,856 Returns with balance sheets 

• 54,949 Returns without balance sheets 



• 722,805 Returns by final month in the annual 
accounting period covered by the return 



SEPARATE TABULATIONS are made for returns with special tax provisions: 

'1,510 With net income 

2,723 Consolidated returns { •2,652 With balance sheets 

> 71 Without balance sheets 

3,215 Returns with foreign tax credit • 2,422 With Form 1118 

i •278 With credit claimed for foreign taxes 

687 Western Hemisphere trade corporation returns ^ 

( #409 Without credit claimed for foreign taxes 



• 273 With undistributed income 

3,818 Returns with personal holding company schedules... ^ _,., „, . 

(•3,545 Without undistributed income 



2. Characteristics of 

Data Summarized 

for 1954 



CHARACTERISTICS OF DATA SUMMARIZED FROM CORPORATION 
INCOME TAX RETURNS FOR 1954 



Page 

Purpose of this section 9 

Summary of 1954 data 9 

Changes in law affecting 1954- data 10 

Characteristics of 1954 tabulations 15 

Sources of data 15 

Categories of active corporation returns 15 

Description of tables 16 

Industry measurements 17 

Asset size and Income size distributions 18 

Dividends summary 18 

Accounting periods and methods 18 

Inventories 19 

New businesses and successor businesses 20 

Consolidated returns 20 

Foreign tax credit claimed 20 

Western Hemisphere trade corporations 21 

Personal holding company schedxiles 21 

Description of the sample and limitations of data 22 

Explanation of terms 23 

8 



2. CHARACTERISTICS OF DATA SUMMARIZED FROM 
CORPORATION INCOME TAX RETURNS FOR 1954 



PURPOSE OF THIS SECTION 

The tax return forms are designed primarily to fa- 
cilitate collection of taxes authorized in revenue 
legislation and items on the return may change when 
the Internal Revenue Code is amended. Brief descrip- 
tions of major changes in the law which affect tax 
year 195*+ data for corporations are contained in this 
section along with summary figures and text to de- 
scribe salient characteristics of the tabulations 
that follow. •"■ Rather than use numerous table foot- 
notes, part of this section is devoted to an "Expla- 
nation of Terms" designed to aid the users of both 
tax year 1954- data and the historical material in 
tables 38 through 43. 



SUMMARY OF 1954 DATA 

Profits after taxes for 1954 were $19.9 billion 
which was approximately the same level as reported 
for 1953. Profits before taxes of $36.7 billion 
for 1954, on the other hand, were $3.1 billion less 
than for tax year 1953. A reduction of $1.4 billion 



Chart 1.-C0RP0RATE PROFITS. BEFORE UNO tFIER TAXES 



6i I I ions of dot lars 
UO 



Bi 1 1 ions of del lars 
UO 



■ PROFITS 
BEFORE T«X 



<^INC 



.EXCESS . 

I PROFITS TAX —I'" 



▲ PROFITS 
^ JIFTER TAX 



1953 



the use of tax returns to obtain data on the financial characteris- 
tics or the economy, see "Tai Returns as a Source of Benchmark 
Statistics" by Helen F. Demond In InpToving the Quality of 
Statistical Surveys, distributed by the American Statistical Asso- 
ciation, Washington, D. C, 1956. 



in the income tax liability and of $1.6 billion in 
excess profits tax liability accounted for the tax 
decrease reported for 1954. Although the excess 
profits tax terminated December 31, 1953, tax year 
1954 returns still showed $38 million in excess 
profits tax liability for corporations with part of 
their accounting period in 1953. 

Active corporations filed a record 722,805 re- 
turns for tax year 1954. Receipts on these returns 
aggregated nearly $555 billion, $3 billion less 
than the total compiled on 697,975 tax year 1953 
returns from active corporations. Gross sales and 
gross receipts from operations accounted for more 
than 95 percent of the total receipts for both 1953 
and 1954. Total receipts increased for the trade, 
finance, service, construction, and public utility 
divisions. The decrease was concentrated in manu- 
facturing receipts, particularly in motor vehicles, 
the primary metal industries, electrical machinery 
and equipment, and machinery except transportation 
equipment and electrical. The relative changes from 
1953 levels of total receipts of corporations clas- 
sified by industrial divisions are shown on chart 2. 
Corporate net income for both years is similarly 
related on this chart . 



Table A^BECEIPTS, DEDUCTIONS, TAX, PROFITS-ALL ACTIVE CORPORATION RETURNS, 
1>S4 AMD 1993 



Item 


1954 


1953 




(Slltion 


d»tlmr»} 


Gross receipts from sales and from operations 

All other receipts 


528.9 
25.9 


534.6 
23.7 


Total compiled receipts 


55-;. 8 


558.2 




389.7 
128.4 






125.8 








518.1 








Compiled net profit 


36.7 
16.9 


39.8 
19.9 






Compiled net profit less total tax 


19.9 


19.9 



Table 2, on pages 37-42 of this report, provides 
detailed information about corporate receipts and 
deductions for 1954. Text table A above summarizes 
data for 1953 and 1954. Among the receipt items 
totaled in table A, tax year 1954 rent, interest, 
and net gains from sales of assets amounted to more 
than tax year 1953 sums for comparable receipt items . 
Among deduction items, depreciation and amortization 
charges, interest, compensation of officers, adver- 
tising, taaes, and rent were higher for 1954 than 
for the previous year. 

The 441,177 corporations with net income for 1954 
reported profits less wholly tax-exempt interest of 
$39.6 billion. As shown in table B, this was about 
5 percent less than the sum reported by the 441,767 



9 



10 



CORPORATION INCOME TAX RETURNS FOR 1954 



corporations with net income which filed for tax year 
1953. But compiled net profit after tax, amounting 
to $23.1 billion in 195-4^ was about i* percent higher 
than in 1953. 

Deficits reported on 281,628 returns with no net 
income for tax year 195^, in the amount of $3.2 
billion, were 39 percent higher than those disclosed 
on 256,208 returns from corporations reporting no 



T«ble B.— NUMBER OF RETURNS, NET INCOME OR DEFICIT, AND TAXES, CORPORATION RETURN^ 

1S64 AM) 19&3 



Item 


1954 


1953 


Increase or 
decrease (-) 


Number or 
amount 


Percent 


Total number of returns 

Active corporations: 

Number of returns 

Returns with net income: 

Number of returns 

Net income thousand dollars.. 

Income tax: 

Number of returns^ 

Amount thousand dollars . . 

Excess profits tax:^ 

Number of returns 

Amount thousand dollars . . 

Returns with no net Income: 

Number of returns 

Deficit thousand dollars . . 

Number of returns of inactive corpora- 


754,019 

722,805 

441,177 
39,572,830 

391,522 
16,823,241 

3,724 
37,711 

281,628 
3,244,395 

31,214 


730,974 

697,975 

441,767 
41,819,445 

399,264 
18,255,625 

26,567 
1,613,424 

256,208 
2,334,758 

32,999 


23,045 

24,830 

-590 
-2,246,615 

-7,742 
-1,432,384 

-22,843 
-1,575,713 

25,420 
909,637 

-1,735 


3.2 

3.6 

-0.1 
-5.4 

-1.9 
-7.8 

-86.0 
-97.7 

9.9 
39.0 







^Returns with net income but with no tax liability occur as a result of special stat- 
utory deductions from the net income. The tax liability tabulated is before foreign 
tax credit. 

^The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated 
for this report was the tax on income earned before that date and reported on returns 
for annual accounting periods ended July through November 1954 and returns for part 
years which began in 1953. Excess profits tax is before foreign tax credit. 

NOTE: See text for explanatory statements and for "Description of the Sample and 
Limitations of Data." 



net income for 1953. The number of inactive (non- 
operating) corporations in existence and required 
to file declined for tax year 195^^, as it has for 
each tax year since 1950. 

CHANGES IN LAW AFFECTING 1954 DATA 

Enactment of the Internal Revenue Code of 1954.— 

On August 16, 195A, the Internal Revenue Code of 195'^ 
superseded the Code enacted February 10, 1939. The 
new law is effective, generally, for all taxable 
years beginning after December 31, 1953 and ending 
after August 16, 1954. Returns for calendar years 
ended in December 1954 and fiscal years ended in the 
period January through June 1955 were filed under the 
1954- Code; returns for fiscal years ended J\ily through 
November 1954 were filed under provisions of the 1939 
Code . The more in^ortant chsinges in revenue law af- 
fecting corporation data reported under the 1954 Code 
are summarized below. 

Income and excess profits taxes. — The normal tax 
rate of 30 percent and surtax rate of 22 percent were 
unchanged. The $25,000 exemption from surtax was 
also unchanged. The excess profits tax imposed by 
the Excess Profits Tax Act of 1950 ended December 3L, 
1953. The excess profits tax shown in this report 
is tax reported for taxable years beginning in 1953. 
The amount of tax reported was a prorated amount 
based on the number of days in the taxable year be- 
fore January 1, 1954. The excess profits tax rate 
was 30 percent of the adjusted excess profits net 
income . 

The maximum tax on long-term capital gains, used 
in computing the siltemative tax, was reduced from 



Chart 2.-REIIITIVE CHANGE IN TOTAL RECEIPTS AND NET INCOME OF INDUSTRIAL DIVISIONS 
TAX YEAR 1954 «s. TAX YEAR 1953 

TOTAL RECEIPTS 19514 



20 






IS 


- 


INCREASE 
over 1953 


10 


- 


y^ 


5 


- 


y<:^^^<:^^^ 


9S3^ 


^ 


^5^^^^— — ^ 


^ 


^^^^^~~»=-^ 


6 


- 


^^\r 


10 


- 




lb 


- 




20 


- 


DECREASE 
fron 1953 


25 







' FIMAMCE, IMSURAHCE, REAL ESTATE 
Alto LESSORS OF ReAl PROPERTY 



- CONSTRUCTION 



- SERVICES 
PUBLIC UTILITIES 



- MANUFACTURING 
-AGRICULTURE, FORESTRY AND 
FISHERY 

-MINING AND QUARRYING 



NET INCOME I9SU 



20 






IS 


- 


INCREASE > 
over 1953 / 


10 


- 


y^. 


6 


- 


Xl^'^'^^ 


I9S3^ 




^^^^ 




^^^^^^^;r~~- — — - 


5 


- 


v^>?^ 


10 


- 


\^^^ 


IS 


- 


\/\ 


20 


- 


DECREASE \ 
from 1953 \ 


25 







.FINANCE, INSURANCE, REAL ESTATE 
AND LESSORS OF REAL PROPERTY 



-AGRICULTURE, FORESTRY, AND 
FISHERY 



-SERVICES 
'CONSTRUCTION 

- TRAOE 

- PUBLIC UTILITIES 
-MANUFACTURING 



- MINING AND QUARRYING 



CORPORATION INCOME TAX RETURNS FOR 1954 



11 



26 percent to 25 percent for taxable years beginning 
on or after April 1, 1954.. For returns used in com- 
piling this report, the alternative tax change ap- 
plied only to returns with fiscal years ended in the 
period March through June 1955. 

The 2 percent additional tax imposed on the con- 
solidated taxable income of an affiliated group of 
corporations electing to file a consolidated return 
was made inapplicable to any portion of such income 
attributable to a regulated public utility (as de- 
fined by section 1503 of the 195-; Code) . 

Returns with net income ( see definition of net in- 
come, p. 25) may be nontaxable because of a net operat- 
ing loss deduction, as in former years, or a:s a re- 
sult of deductions for dividends received and for 
dividends paid on certain preferred stock of public 
utilities. Under the 1954 Code, the deductions for 
dividends are not subject to the limitation based on 
size of net income if the sum of the dividend deduc- 
tions is greater than the net income. (See section 
172(d)(6) and sections 243 through 247.) 

Foreign tax credit. — The credit against income tax 
which could be claimed under the 1939 Code was sub- 
ject to two limitations: (l) credit for taxes paid 
or accrued to any foreign country or United States 
possession could not exceed the same proportion of 
the United States income tax which taxable income 
from sources within such country bore to the entire 
taxable income, and (2) the total credit claimed 
could not exceed the same proportion of the United 
States income tax which aggregate taxable income 
from sources without the United States bore to the 
entire taxable income. Similar limitations applied 
to credit claimed with respect to the excess profits 
tax which ended December 31, 1953. 

The 1954 Code drops the second of these limitations. 
This change removes any limit on the credit which 
might result from foreign losses when operations are 
carried on in more than one foreign country. 

Foreign tax credit may be claimed for taxes deemed 
to have been paid on certain dividends received from 
foreign sources . The 1954 Code adds to the defini- 
tion of dividends for this purpose the excess of 
royalties or compensation paid, in lieu of all divi- 
dends for the year, by a wholly owned manufacturing, 
production, or mining subsidiary over the cost of 
property or services furnished in consideration of 
such payments by the parent corporation. 

Net operating loss deduction. — For tax purposes a 
net operating loss can be used to reduce taxable in- 
come of certain preceding and succeeding tax years. 
Under the 1939 Code a loss could first be carried 
back one year and then forward 5 years . Before taking 
a ne t operating loss deduction both the statutory net 
loss and the statutory net income from which the de- 
duction was taken were subject to certain adjust- 
ments — tax-exempt interest was added to gross income, 
and deductions for depletion could not exceed the 
amount of depletion allowable on a cost basis. Statu- 
tory deductions for dividends received and dividends 
paid on certain preferred stock of public utilities 
were voided in loss years by a limitation based on 
size of net income. In the carryback and carryover 
years the dividends received deduction was voided by 
an adjustment to the net operating loss deduction. 

The 1954 Code extends the carryback period to two 
years. Tax-exempt interest and depletion adjust- 
ments are abolished, and dividend deductions are made 



fully effective. (The dividend deduction limitation 
based on size of net income is retained, in general, 
but if a net loss is determined after the dividend 
deduction the full statutory deduction is used in 
computing the amount of loss.) 

The amount of net operating loss deduction tabu- 
lated for Statistics of Income is the net operating 
loss carryover deductible in the year reported. The 
carryover may represent losses of one or more years, 
reduced by any net incomes of carryback and preceding 
carryover years . The changes in computation of the 
net operating loss and offsetting net incomes of 
carryback and carryover years under the 1954 Code will 
increase the net operating loss deduction. However, 
the extension of the carryback period from one to two 
years may, in a given year, tend to offset this in- 
crease in the net operating loss carryover tabulatal 
for Statistics of Income. 

The changes are effective January 1, 1954, and spe- 
cial transitional rules are provided for tax years 
beginning before and ending after that date. Compu- 
tations for each year affected by a loss are made 
under the law in effect for that year. 

Prepaid income Section 452 of the 1954 Code as 

originally enacted permitted taxpayers to spread the 
reporting of prepaid income over the life of the lia- 
bility incurred. However, prepaid income was to be 
fully reported within 6 years, including year of re- 
ceipt, unless an exception was granted. Prepaid in- 
come was defined as any amount includible in gross 
income which was received in connection with, and was 
directly attributabTe to, a liability to render serv- 
ices, furnish goods or other property (except sale of 
a capital asset), or allow use of property if the 
liability extended to a future taxable year. Under 
the 1939 Code, applicable to tax years beginning be- 
fore December 31, 1953, prepaid income was reported 
in the year received. 

On June 15,1955, section 452 was repealed by Public 
Law 74, effective retroactively to all tax years be- 
ginning after December 31, 1953, and taxed under the 
1954 Code. Most tax years covered by the 1954 sta- 
tistics ended before June 15, 1955, and the returns 
used for the tabulations included those for which the 
election under section 452 had been made . Data on 
supplementary reports filed as a result of the repeal- 
ing act were not sufficient to adjust the original re- 
turns to the new basis . Therefore, net income tabu- 
lated for this report excluded the prepaid income de- 
ferred by taxpayers which made the election xmder 
section 452 and filed 1954 returns for tax years 
ended on or before June 15, 1955. 

On the 1954 return form, taxpayers were instructed 
to report the balance sheet liability incurred for 
the prepaid income deferred under section 452 as a 
separate item on the balance sheet schedule. The 
amount of this liability, as reported on 1954 returns 
withbalance sheets,was $471 million (line 24, table 4.) 

Reserves for estimated expenses. — Ihder section 462 
of the 1954 Code as originally enacted, taxpayers 
could elect to take as deductions in computing net 
income reasonable additions to reserves for various 
types of estimated future expenses . Estimated ex- 
penses were defined as expenses which (l) would be 
deductible in a subsequent taxable year except for the 
election under section 462, (2) could be estimated 
with reasonable accuracy, and (3) were attributable 
to income of a cxirrent or prior taxable year for which 



448404 O -57 -a 



12 



CORPORATION INCOME TAX RETURNS FOR 1964 



the election under section 4-62 had been made. No de- 
duction could be taken under section 462 for future 
expenses incident to (l) income of a year prior to 
year of election, (2) prepaid income deferred under 
section 452, or (3) anticipated bad debts. 

Under the 1939 Code, only future expenses which 
could be accurately determined were deductible in 
the year liability was incurred. 

Section 462 was also repealed June 15, 1955, by 
Public Law 74, retroactive to all years taxed under 
the 1954 Code. Reserves for estimated expenses, re- 
ported on returns with balance sheets filed for tax 
years ending before repeal of section 462, amounted 
to $1,270 million (table 4. , line 23). 

This balance sheet item was designed to reflect 
the deduction made in computing the net income for 
1954 since taxpayers were instructed to include in 
it only the reserves accumulated under section 462 . 

Depreciation Both the 1939 and 1954 Codes provide 

a "reasonable allowance" for depreciation. They dif- 
fer in that the 1954 law specifies four methods or 
measurements which may be used in determining a rea- 
sonable depreciation allowance for tax years ended 
after December 31,1953. However, statutory recogni- 
tion of these methods does not prohibit use of other 
reasonable methods . 

The first method specifically recognized by the 
1954 Code is the straight-line method. This method, 
which was used under prior law, may be used for any 
property and, in general, results in equal annual 
deductions over the life of the property. 

The other three specified methods of depreciation 
may be used only for new tangible property with a 
useful life of 3 years or more. These methods per- 
mit the writeoff of a large portion of the cost or 
other basis of new property in the early years of its 
life, about 40 percent during the first quarter of 
estimated useful life and about two-thirds dxiring the 
first half of estimated useful life. "New" property 
means property constructed or reconstructed by the 
taxpayer after December 31, 1953 (including, where 
construction was started earlier, that portion built 
after December 31,1953), and property which had not 
previously been used which was acquired by the tax- 
payer after December 31, 1953. The accelerated de- 
preciation methods authorized by the 1954 Code for 
new tangible property are: 

(a) Declining balance method. —Depreciation is 
computed by applying a uniform rate, not exceed- 
ing two times the applicable rate under the 
straight line method, to the cost or other basis 
of the property reduced by the amount of depre- 
ciation allowed in prior years; 

(b) Sum of the years-digits. — The cost or other 
basis, reduced by estimated salvage, is multiplied 
by a changing fraction. The numerator of the 
fraction changes each year to a number corre- 
sponding to the remaining useful life of the 
asset (including year of computation). The de- 
nominator remains constant and equals the sum 
of all the years ' digits corresponding to the 
estimated useful life of the asset. Thus, the 
cost or other basis of an asset with an estimated 
useful life of five years would be multiplied 
by the fraction 5/l5 in the first year (5 years 
useful life/l+2+3-HV+5 or sum of the digits of 
each year of useful life), 4/15 in the second 
year, 3/15 in the third year, etc.; and 



(c) Any other consistent method which does not 
result, at any time during the first two-thirds 
of the useful life of the property, in an accumu- 
lated allowance greater than the amount allowable 
for the same period under the declining balance 
method above . 
Specific permission is given by the 1954 Code to 
change from the declining balance method to the 
straight line method during the useful life of an 
asset . 

Other methods approved as to reasonableness by the 
Commissioner may be used for both old and new prop- 
erty as in the past. For property not meeting the 
requirements for accelerated depreciation there is 
continued in effect an Internal Revenue Service 
ruling limiting the depreciation rate under the de- 
clining balance method to 150 percent of the appli- 
cable straight line method. 

Depletion Several important changes in the de- 
duction for depletion of mining property are made by 
the 1954 Code. 

Election to use depletion based on a percentage of 
income from the property is extended to cover all 
mineral and natural deposits (except soil, sod, turf, 
water, mosses, and minerals from inexhaustible 
sources such as sea water and air). Several changes 
are made in previously existing percentage rates, 
the most important of which is an increase from 15 
to 23 percent in the rates accorded a number of 
minerals if they are produced within the United 
States. 

Percentage depletion rates range from 5 percent 
to 27 1/2 percent. Section 613 of the 1954 Code 
lists the rates and the minerals to which each 
applies. Minerals for which percentage depletion 
could be claimed under prior law and the specified 
percentage rates may be found in section 114 of the 
1939 Code. 

Depletion based on discovery value, permissible 
under the 1939 Code, is eliminated by the extension 
of percentage depletion. 

The definition of mining is broadened to include 
extraction by mine owners or operators of ores or 
minerals from waste or residueof prior mining. Defi- 
nitions pertaining to "ordinary treatment processes" 
which are included in the statutory term "mining" 
are also broadened. (See section 613 of the 1954 
Code.) 

Research and experimental expenditures. — Under the 
1954 Code research and experimental expenditures may 
b° either treated as ordinary business expenses, de- 
ductible in the year incurred, or capitalized. The 
treatment adopted must be used for all research and 
experimental expenditures and for subsequent years 
unless a specific exception is granted. The elec- 
tion does not apply to expenditures for land or prop- 
erty and improvements subject to depreciation or 
depletion allowance used in experimental or research 
work . 

Capitalized expenditures which result in a prop- 
erty with a determinable useful life are charged off 
as depreciation or depletion over the useful life of 
the property. 

The 1954 Code provides, for the first time, a 
method of charging off capitalized research and ex- 
perimental expenditures which can not be recovered 
through depreciation or depletion. Under the 1954 
Code such expenses can be treated as deferred ex- 



CORPORATION INCOME TAX RETURNS FOR 1964 



IS 



penses subject to amortization over a period of not 
less than 60 months beginning with the first month 
that benefits from the expenditure is realized. De- 
ductions taken under the 1954- Code for capitalized 
expenditures are included in the item "Depreciation 
and amortization" throughout this report. 

Prior law made no specific provisions for research 
and experimental expenditures . To the extent that 
they were ordinary and necessary business expenses 
they were deductible. If the expenditure was capital 
in nature, it was capitalized and amortized over 
useful life. If useful life could not be determined, 
no deduction was available except for loss due to 
abandonment . 

Exploration expenditures, — The limit on deductions 
with respect to mine exploration expenditures was 
raised from $75,000 to $100,000 by the 1954 Code. 
This limited deduction is available for expenditures 
normally capitalized and may be taken in the year 
incurred or as a deferred expense charged off rata- 
bly against units of minerals sold. The deduction 
cannot be talcen in more than 4 years , and does not 
apply to oil and gas wells . Exploration expenditures 
were included in the amortization deduction schedule 
in the 1954 return form, but taxpayers may have re- 
ported expenses fully deducted in the year incurred 
as cost of sales or operations or "Other deductions." 

Organizational expenditures. — Organizational ex- 
penses paid or incurred on or after August 16, 1954, 
may be treated as deferred expenses deductible rata- 
bly over a period of not less than 60 months. Or- 
ganizational expenditures are defined as expenditures 
(l) incident to the creation of a corporation, (2) 
chargeable to capital account, and (3) amortizable 
if the corporation had a limited life. The term ex- 
cludes costs of issuing and selling stocks or other 
securities, costs incident to transfer of assets to 
the corporation, and costs of a reorganization. 
Under prior law, organization expenses could be re- 
covered for tax purposes only at time of liquidation 
or by depreciation if a limited term of existence 
was specified in the corporate charter. Deductions 
for organizational expenditures are included in the 
item "Depreciation and amortization." 

Soil and water conservation expenditures .—Under 
prior law, conservation expenditures were generally 
required to be capitalized. The 1954 Code permits 
a taxpayer engaged in farming to take expenditures 
for soil or water conservation or prevention of ero- 
sion with respect to land used in farming as a busi- 
ness deduction. The deduction for any one year is 
limited to 25 percent of the gross income from farm- 
ing for the year but excess expenditures may be car- 
ried forward until fully deducted. Expenditures 
for facilities subject to depreciation are excluded 
from this provision. This new deduction is tabula- 
ted as reported by the taxpayer and may be reflected 
in cost of sales or operations or in "Other deduc- 
tions . " 

Amounts contributed under pension plans. — Under 
the 1954 Code, members of an affiliated group, as 
defined by section 1504, maintaining a common profit 
sharing or stock bonus plan based on profits may 
deduct contributions made to such common plan on 
behalf of employees of a member of the affiliated 
group which has insufficient earnings or profits out 
of which to provide for its own employees . The de- 



duction may be taken whether or not a consolidated 
return is filed . 

The new Code also specifies that deductions may 
be taken for payments made to an employee trust which 
is denied exemption under section 501 only because 
it is situated outside the United States . 

Rents — received and paid by corporations. — Under 
prior law rents received included amounts paid, under 
the terms of a lease, to a lessor corporation as 
reimbursement for Federal income taxes payable on 
rentals from the leased property. These amounts were 
also reported by the lessee corporation and included 
in rents paid . The 1954 Code excludes from the in- 
come of the lessor and the deductions of the lessee 
payments made as reimbursement for income taxes on 
rental income if the lease is between corporations 
and was entered into before January 1,1954. Leases 
made before January 1,1954, include renewals or con- 
tinuances made in accordance with an option in the 
original lease. 

Taxes paid. — Real property taxes were formerly de- 
ductible only at the time legal liability occurred. 
Under the 1954 Code such taxes may be deducted rata- 
bly over the period for which they are levied . 

Taxes for local benefits which increase the value 
of the property assessed maybe deducted if (l) they 
are levied by a special taxing district covering at 
least one county and 1,000 persons, and (2) there 
are annual assessments at a uniform rate on the same 
assessed value of real property used for the general 
property tax. Under prior law such levies were con- 
sidered capital expenditures and only that part at- 
tributableto interest or maintenance was deductible. 
Capital gains and losses. — The principal changes 
with respect to statutory capital gains and losses 
are definitional or technical. Among the changes 
are: (l) exclusion of accounts and notes receivable 
acquired in the ordinary course of business for 
services rendered or from sale of stock in trade or 
inventory from the statutory definition of capital 
assets; (2) clarification of the treatment of origi- 
nal issue discount on bonds which are capital assets 
and are issued after December 31, 1954; (3) removal 
of the requirement that the above securities be is- 
sued with coupons or in registered form to qualify 
gains or losses realized upon retirement as capital 
gains or losses; and (4) revision of certain provi- 
sions with respect to holding periods, gains and 
losses from short sales and options, proceeds from 
sale of patents by an inventor and sale of subdivided 
real estate. (Subch. P of ch. 1, 1954 Code.) Ca- 
pital assets are defined under "Capital gain or loss" 
in "Explanation of Terms." 

Length of taxable year. — Under the 1954 Code, a 
corporation which regularly ends its annual account- 
ing period on a particular day of the week, and in 
the last week of a calendar month, or the first or 
last week of a calendar month whichever causes the 
closing day to be nearest the end of the month, may 
use such accounting period as its taxable year. 
Under this method of accounting, the period covered 
by a taxable year may vary from 52 to 53 weeks. This 
elective method may be used for taxable years ending 
after August 16, 1954. 

Unincorporated businesses filing corporation re- 
turns. —Section 1361 of the 1954 Code gives certain 
partnerships and sole proprietorships the privilege 



14 



CORPORATION INCOME TAX RETURNS FOR 1964 



of reporting business income and paying tax thereon 
under the laws applicable to corporations. Returns 
filed by unincorporated businesses on the corpora- 
tion return Form 1120 under this elective provision 
could not be accurately identified among the returns 
used for corporate statistics. Therefore, a small 
amount of noncorporate financial data was included 
in the tabulations for this report. 

The election as to corporate tax treatment under 
section 1361 is restricted to sole proprietorships 
or partnerships with not more than 50 individual 
members. Capital must be a material income produc- 
ing factor or 50 percent or more of the gross income 
must be derived from trading as a principal or froir 
brokerage commissions on real property, stock, se- 
cvirity, or commodity transactions. Election may be 
made for only one business if more than a 10 percent 
interest is held in two or more businesses by a com- 
mon owner or partner. An ownership interest by non- 
resident aliens or foreign partnerships is prohibited. 

Income defined as personal holding company income 
by section 5<+3 of the 195'4 Code is excluded from the 
corporate income tax treatment and must be reported 
on the personal returns of the proprietors or part- 
ners. Such income includes dividends, interest, and 
certain rents and royalties, but not brokerage com- 
missions. 

The election to file corporation returns is bind- 
ing for future taxable years vmless a 20 percent 
change in ownership occurs. 

Consolidated returns. — Historical comparability 
of data classified by major industrial groups or, 
for example, by size of income or assets is affected 
by changes in the statutory definition of an "affil- 
iated group" and by the privilege of making new 
elections for 195A with respect to use of the con- 
solidated returns. Under the 1939 Code at least 95 
percent of the stock of each affiliate included in 
the consolidated return had to be owned within the 
group. A consolidated return must cover all qualified 
members of a related group . The new Code reduced the 
stock ownership requirement to 80 percent. Since a 
number of corporations formerly filing separate re- 
turns first qualified as members of affiliated groups 
filing consolidated returns in 1954, data for these 
corporations, and possibly the entire consolidated 
group, may have fallen in a different industrial 
group or size class than that in which they fell in 
prior years. 

Because of the many changes in the income tax laws, 
corporations which had previously filed consolidated 
returns were permitted to change the method of filing 
for 1954. Corporations formerly filing consolidated 
returns may have, under the new election, filed sepa- 
rately for 1954, resulting in further shifts of data 
from one group to another. 

Data for 1954 consolidated returns are shown in 
tables 24 through 27, on pages 123-128 of this volume. 
Table C below compares the total number of consoli- 
dated returns (equivalent to number of parent corpo- 
rations) and the number of subsidiaries shown on 
consolidated returns in 1954 and 1953. Difficulties 
arise in comparing data in these tables with similar 
tabulations made for prior periods when applicable 
provisions of income tax laws may have been different . 
See Synopsis of Tax Laws 1945-1954, page 186. 



T>bU C NUMBEB OF CONSOUOATED BBTUKNS AND SUBSIOIASIBa, BY INDUSTRIAL DIVISION, 

1«54 AND 19B3 





Number of consolidated 
returns 


Number of subsidiaries 




1954 


1953 


1954 


1953 




(1) 


(2) 


(3) 


(4) 


All industrial divisions 

Agriculture, forestry, and fishery... 
Uining and quarrying 


2,7i3 

21 
113 
122 
759 
26i 
624 

602 

216 

2 


2,408 

12 
91 
112 
741 
187 
558 

475 

225 

7 


10,416 

41 

352 

311 

2,748 

1,642 

2,017 

1,998 

1.305 
2 


9,670 

55 

339 

264 

2,621 

1,180 

1,969 

1,776 


Manufacturing 


Trade 

Finance, insurance, real estate, and 
lessors of real property 


Nature of business not allocable 


9 



As mentioned in the discussion of tax changes 
above, income of regulated public utilities included 
in a consolidated return is now exempt from the 2 
percent additional tax imposed on groups filing a 
consolidated return. 

Personal holding companies. — The 1954 Code revised 
several of the provisions defining personal holding 
companies, personal holding company income, arid the 
tax base (undistributed personal holding company 
income), but did not change the additional tax im- 
posed on such companies . 

In defining personal holding companies under the 
1939 Code use was made of a two part test relative 
to personal holding company income — 

(1) At least 80 percent of gross income was per- 

sonal holding company income, or 

(2) At least 70 percent of gross income was per- 

sonal holding company income and the company 
was classed as a personal holding company in 
a prior taxable year unless (a) the company 
did not meet the stock ownership test for one 
intervening year, or (b) less than 70 percent 
of gross income was personal holding company 
income for three consecutive years. 
The 1954 Code dropped the second part of the test. 
In applying the 80 percent gross income test under 
the 1954 Code to nonrailroad corporations, an affil- 
iated group filing a consolidated return is treated 
as a single corporation \mless (l) a member of the 
group is exempt from personal holding company tax 
under section 542(c), or (2) a member of the group 
derived 10 percent or more of its gross income from 
outside the group and 80 percent ar more of such 
gross income was defined as personal holding company 
income. In computing the outside income for this 
test, there is excluded from gross income and per- 
sonal holding company income dividends received by 
the common parent company from anonpersoneil holding 
corporation outside the affiliated group but in which 
the parent company holds 50 percent or more of the 
outstanding voting stock. Under both the 1954 and 
1939 Codes an affiliated group of railroads filing 
a consolidated return is treated as a single corpo- 
ration without qualification as to sources of income . 
Also in defining personal holding companies, the 
criteria for stock ownership were revised to include 
in the term "individual" certain exempt organizations 
and charitable trusts (see sec. 542 of the 1954 Code) . 
In defining the income which distinguishes per- 
sonal holding companies, three changes were made by 
the 1954 Code. Excluded from personal holding com- 



CORPORATION INCOME TAX RETURNS FOR 1964 



15 



pany income are (l) rent paid for use of corporation 
property by a principal stockholder (one controlling 
25 percent or more of the value of outstanding stock) 
unless at least 10 percent of the corporate gross 
income other than rent is personal holding company 
income, and (2) interest earned on special reserve 
funds established under the Merchant Marine Act, 
1936. The third change limits gains from the sale 
of securities or commodities to the net amount above 
corresponding losses . 

Under both the 1939 and 1954 Codes certain adjust- 
ments to corporate net income are made in determin- 
ing the amount subject to the personal holding com- 
pany tax. One ad justment is the deduction of Federal 
income and profits taxes not allowed in computing 
the net income. The 1954 Code specifies that such 
taxes are to be deducted as accrued. However, tax- 
payers may continue a cash basis method of deduction, 
if used under the 1939 Code, or make, at any time, 
an irrevocable election to change to the accrual ba- 
sis. 

The deduction for contributions allowed in comput- 
ing the personal holding tax base was formerly lim- 
ited to 15 percent of net income. The 1954 Code 
raises this limit to one comparable to that of 
individuals — 20 percent of net income with an ad- 
ditional 10 percent allowed for certain contribu- 
tions to churches, schools, and hospitals. (Sees. 
545(b)(2) and 170(b)(1)(A) and (B).) 

The 1954 Code adds to the personal holding company 
tax base amounts released from United States liens 
which had been previously deducted under 1954 Code 
provisions. The 1939 Code allowed deduction of 
amounts subject to lien but did not provide for fu- 
ture restoration of released amounts to taxable in- 
come. 

Under the 1954 Code an adjustment is made to the 
tax base for net long-term capital gain in excess of 
net short-term capital losses . Such gain, less in- 
come tax attributable thereto, is deducted from the 
net income in computing the undistributed personal 
holding company income. This deduction from undis- 
tributed personal holding company income was not made 
under the 1939 Code but the provisions for maximum 
tax on capital gain was made effective in the tax 
computation by the alternative tax. 



CHARACTERISTICS OF 1954 TABULATIONS 
Sources of Data 

Data shown in this report as relating to the year 
1954 are taken from a sample of corporation income 
tax returns filed for the calendar year ended 
December 31, 1954, annual noncalendar accounting 
periods ended within the interval July 1954 through 
Jxme 1955, ajid part years with the greater portion 
of the accounting period in 1954. The data were com- 
piled from corporation returns as filed on income 
tax Forms 1120, 1120L (life insurance), and Form 1120M 
(mutual insurance) and from personal holding compaiiy 
schedules filed under the 1954 Code and on the 1954 
return form. Data are compiled prior to any revi- 
sions resulting from audit by the Internal Revenue 
Service and prior to carryback of subsequent operat- 
ing losses to tax year 1954. 

Returns on the corporation Form 1120 from a limited 
number of sole proprietorships and partnerships were 
used in the compilation, as were returns of foreign 
corporations engaged in business within the United 
States . Tax forms in the 990 series, filed by exempt 
organizations, were not used. 

Categories of Active Corporation Returns 

Classification of returns into those with and with- 
out net income is based on the current year net in- 
come or deficit before any net operating loss deduc- 
tion and other special statutory deductions available 
to corporations in computing taxable income. (See 
Synopsis of Federal Tax Laws, footnote 4, for com- 
putation of taxable income.) Returns with net in- 
come may be nontaxable because of a net operating 
loss deduction or special statutory deductions. Re- 
turns without net income include those with equal 
income and deductions and those with net deficit. 
Net income or deficit reported on tax returns ex- 
cludes tax-exempt income. Data relating to tax year 
1954 industrial division operations, summarized from 
returns with net income and returns without net in- 
come, are given in table D. 

Data for returns with balance sheets are shown 
separately because a few corporations fail to report 



Table D.— CORPORATION RETURNS WITH OR WITHOUT NET INCOME, BV INDUSTRIAL DIVISION, 1964 



Industrial division 



Total 
number of 

active 

corporation 

returns 



All industrial divisions 

Agriculture, forestry, and fisher; 

Mining and quarrying 

Construction 

Uanufacturing 

Public utilities 

Trade 

Finance, insurance, real estate, i 

lessors of real property 

Services 

Nature of business not allocable. 



Number of 
returns 



(1) 



722,805 

8,779 

9,585 

36,130 

120,896 

29,122 

238,523 

205,339 
54,8i5 
9,586 



Returns with net income 



(2) 



iil,177 

4,741 
4,248 
21,411 
74,608 
17,436 
143,432 

138,764 
34,682 

1,855 



Percent 

of 

division 

total 



(3) 



61.0 

54.0 
44.3 
59.3 
61.7 
59.9 
60.1 

67.6 
53.5 

19.4 



Total 
compiled 
receipts 
(Thousand 
dollars) 



(4) 



484,727,486 

1,831,616 

6,708,513 

14,674,881 

240,028,767 

37,010,426 

147,772,449 

26,469,350 

10,146,869 

84,615 



Net income 



(Thousi 
doltei 



(5) 



39,572,830 

176,168 

946,048 

633,538 

19,653,551 

4,709,853 

4,356,658 

8,293,140 

788,143 

15,731 



Number of 
returns 



(6) 



391,522 
3,954 

3,708 

19,072 

66,313 

15,193 

126,554 

126,844 
28,467 

1,417 



(Thouaend 
dotlara) 



(7) 



16,823,241 

65,713 

427,464 

256,353 

9,451,660 

2,308,655 

1,890,522 

2,093,547 

324,432 

4,895 



Excess profits tax^ 



Number of 
returns 



(8) 



3,724 

45 
48 
221 
1,507 
119 
986 

465 
323 
10 



Number of 
returns 



( Thouaand 
dollars} 



(9) 



37,711 

56 

1,250 

512 

30,899 

546 

2,320 

643 
1,485 



Returns without net income 



(10) 



281,628 

4,038 
5,337 
14,719 
46,283 
11,686 
95,091 

66,575 
30,163 
7,731 



division 
total 



(11) 



39.0 

46.0 
55.7 
40.7 
38.3 
40.1 
39.9 

32.4 
46.5 
80.6 



Total 
compiled 
receipts 

(Thouaand 
dotlara) 



(12) 



70,094,964 

440,961 
1,842,406 
2,815,940 

28,299,156 
5,351,319 

25,530,723 

3,326,369 

2,446,758 

41,332 



(Thotiaartd 
dollars) 



(13) 



3,244,395 

53,885 
205,135 
145,944 
1,363,686 
269,528 
708,896 

289,323 
197,015 
10,983 



'The excess profits tax law temiinated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for 
annual accounting periods ended July through November 1954 and returns for part years which began in 1953. 
^Less than $500. 



16 



CORPORATION INCOME TAX RETURNS FOR 1964 



asset and liability items. Table E, compiled from 
returns with balance sheets, shows total assets, 
total compiled receipts, and net income or deficit 
classified by size of total assets. Ninety- two per- 
cent of the returns do have balance sheets and account 
for 98.6 percent of the total compiled receipts re- 
ported for 1954. Income statement items for returns 
with and without balance sheets are compared in table 
3, page 43. Table F relates the net income or def- 
icit size classification of corporate income tax re- 
turns and the number in each size group submitting 
baleince sheet information. 

Accounting periods covered by returns used for this 
report are listed under "Sources of Data" and the 
accounting period classification is based on the 
closing month of the annual accounting period. Cate- 
gories of returns with special tax features are based 
on specific provisions of the Internal Revenue Code 
and are discussed in detail in the explanatory text 
which follows . 



from table 1 to table 37. The first sixteen tables 
provide tax year 1954- data tabulated from either all 
722,805 active corporation returns or 667,856 active 
corporation returns with balance sheets . Tables 7 
through 11 and 15 show data separately for returns 
with net income and without net income. Tables 17 
through 20, on the other hand, show data tabulated 
only from returns with net income, either the 441,177 
active coiTJoration returns with net income or the 
419,679 returns with both net income and balance 
sheet data . 

Tables 1-20 — Categories and Coverage 

Returns with and without net income 

Tables Se turns 

1-3, 7-15.. All active corporation returns 722,805 

4-6, 16.... Corporation returns with bal- 
ance sheets 667,856 

Returns with net income 



Table E.— CORPOBATION BEIURNe WTH BALANCE SHEETS, BY SIZE OF TOTAL ASSETS, 19(4 



Size of total assets 


Number of 
returns 


Total 
assets 

dollara) 


Total 
conpiled 
receipts 

(Tbaaaartd 
doIIvM) 


Net Income 
or deficit 

(Thouamd 




(1) 


(2) 


(3) 


(4) 




167,604 
105,441 
117,001 
134,299 
60,354 

33,617 

24,906 

10,864 

6,324 

4,228 

1,493 
794 
541 
390 


1,907,385 

3,842,977 

8,430,038 

21,379,449 

21,045,815 

23,491,388 
38,817,924 
38,121,693 
44,204,930 
64,938,455 

51,404,436 
55,544,463 
82,875,468 
349,295,661 


5,928,725 

3,694,501 

17,606,188 

42,248,919 

39,745,048 

38,903,995 
48,549,707 
33,774,943 
32,268,507 
40,121,033 

30,445,834 

31,400,110 

41,778,013 

135,535,686 


'123,407 


A25 000 under *50 000 


36,314 




259,702 


*100 000 under 4250 000 


833,769 




964,179 


A50Q 000 under Jl 000 000 


1,211,122 




1,901,333 


$2 500 000 under $5,000 000 


1,719,221 




1,840,855 


$10,000,000 under $25,000,000 

$25,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 or more 


2,871,173 
2,327,125 
2,629,198 
3,738,329 
15,887,763 




667,856 


805,300,082 


547,001,259 


36,096,681 







-RELATION OF CORPORATION RETURNS WITH BALANCE SHEETS TO ALL ACTIVE 
CORPORATION RETURNS, BY SIZE OF NET INCOME OR DEFICIT. 1964 





F.'i'turns '^i'.h net ini^onie 


Returns without net income 


Size of net income or deficit 


Number 

of 
returns 


Number 

of 
balance 
sheets 


Percent 

of 
returns 

irith 
balance 
sheets 


Number 

of 
returns 


Number 

of 
balance 
sheets 


Percent 

of 
returns 

with 
balance 
sheets 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 




98,132 
45,647 
31,083 
22,587 
18,868 

53,819 
36,010 
25,399 
24,420 
35,397 

13,877 

13,805 

5,399 

2,953 

2,389 

432 

460 


88,856 
42,378 
29,452 
21,572 
18,064 

56,809 
35,058 
24,764 
23,945 
34,696 

18,575 
13,599 
5,316 
2,874 
2,839 

424 
458 


90.5 
92.8 
94.8 
95.5 
95.7 

96.6 
97.4 
97.5 
98.1 
98.0 

98.4 
98.5 
98.5 
97.3 
98.3 

98.1 
99.6 


118,022 
33,798 
21,483 
15,581 
11,627 

32,848 
14,834 
8,292 

5,167 
11,044 

5,213 

2,478 

747 

264 

199 

21 

10 


98,514 
29,687 
19,317 
14,044 
10,678 

30,221 
14,001 
7,909 
4,841 
10,466 

4,967 

2,357 

702 

253 

191 

20 
9 




$1,000 under $2,000 


87.8 






$3,000 under $4,000 


90.1 


$4,000 under $5,000 

$5,000 under $10 000 


91.8 
92 


$10,000 under $15,000 


9A,^ 






$20,000 under $25,000 


93.7 






$50,000 under $100 000. . 


95 3 


$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000.... 

$5,000,000 under $10,000,000... 
$10,000,000 or more 


95.1 
9i.0 
95.8 
96.0 

95.2 

90.0 






Total 


441,177 


419,679 


95.1 


281,628 


243.177 


88.1 







Description of Tables 

The number of returns covered in the tabulations 
in this volume tends to decrease as the reader moves 



17, 18 Corporation returns with net 

income 441 , 177 

19, 20 Corporation returns with bal- 
ance sheets and net income.... 419,679 

In tables 21 through 37, separate tabulations are 
made for returns with special tax provisions, active 
corporations filing first returns, and active manu- 
facturing and trade corporation returns . 

Tables 21-37 — Categories and Coverage 

Special tabulations 

Tables Setums 
21 Manufacturing and trade corpo- 
rations, inventory study 359,419 

22 Manufacturing and trade corpo- 
rations with balance sheets, 
inventory study 338,621 

23 Corporations filing first re- 
turns in 1954 

Returns with special tax provisions 

24 Consolidated returns 



25 Consolidated returns with bal- 
ance sheets 



26 Consolidated returns with net 

income 

27 Consolidated returns with bal- 
ance sheets and net income .... 

28-30 Corporation returns with for- 
eign tax credit 

31-33 Western Hemisphere trade cor- 
poration returns 

34-37 Active personal holding com- 
pany schedules 



74,095 

2,723 
2,652 
1,510 
1,478 
3,215 
687 
3,818 



In all tables, values in thousand dollars were 
rounded and, therefore, may not add to the totals. 



CORPORATION INCOME TAX RETURNS FOR 1954 



17 



Industry Measurements 

The Standard Industrial Classification issued by 
the Office of Statistical Standards, Bureau of the 
Budget, Executive Office of the President, has been 
adapted for use in this volume. Since the Standard 
Industrial Classification is designed on an estab- 
lishment basis, it has been necessary to reduce 
greatly the number of groups and to make changes in 
the contents of groups in order to adapt the Standard 
Classification to the corporation income tax returns 
which are filed on an ownership basis. The classi- 
fication in this volume is unchanged from that used 
for tax year 1953. Under the heading, "Comparability 
of Historical Data" page 142, there is a brief de- 
scription of earlier revisions made for Statistics 
of Income tabulations of major industry data. 

Industrial classification of each return was de- 
termined by the business activity reported thereon 
and by the source accounting for the largest per- 
centage of the total receipts . Because many corpora- 
tions, virtually all of the large ones, carry on 
business in more than one ofthe some 225 recognized 
classes, the classification of corporation data by 
industry is necessarily subject to many limitations. 
Year-to-year changes in the classification of spe- 
cific corporations result from mergers, other altera- 
tions in corporate structure, and from the privilege 
of filing consolidated returns. For 1954, revisions 
in the law with respect to consolidated returns may 
have resulted in a greater than usual number of 
shifts of corporation data from one industrial group 
to another. Such factors are reflected in the 1954 
data for the communications category, for example, 
which contains sales formerly included in manufactur- 
ing. 

The industry classification in table 1 is the most 
detailed grouping used in this volume. Based on tax 
year 1954 returns for all active corporations, table 
1 shows the number of returns classified in each of 
282 industry groups and totals and provides the fol- 
lowing summaries for each group: 

Total compiled receipts 

Gross receipts from sales and from operations 

Cost of goods sold and of operations 

Net income or deficit 

In addition to the foregoing financial measure- 
ments, table 1 contains data on the income tax and 
excess profits tax liabilities shown onreturns with 
net income . 

Major industry receipts, deductions, assets and 
liabilities, itemized as indicated on page 44,. are 
presented in tables 2, 4, 18 and 19. Classified in 
the 65 major groups, itemized receipts and deductions 
on all active corporation returns are tabulated in 
table 2 together with major industry compiled net 
profit or loss, net income or deficit, net operating 
loss deduction, taxes ,coii5)lled net profit less total 
tax, and dividends paid. Parallel tabulations of in- 
come statement items, but limited to returns with 
net income, are provided in table 18. Table 4, which 
is based on returns with balance sheets, provides 
figures on major industry assets and liabilities and 
related income, deduction, and tax items. In table 
19 the items covered are similar to those in table 4 
but the summary is restricted to returns of corpora- 
tions with balance sheets and net income . 



Improvements in the corporate income tax return 
form made it possible to tabulate an expanded corpo- 
rate balance sheet for tax year 1954. Categories of 
assets were added to show the distribution of cor- 
porate portfolios of Government obligations between 
obligations of the United States and other govern- 
mental lanits , the amount of prepaid expenses and 
supplies, corporate evaluation of depreciable assets 
and accumulated amortization or depreciation, deple- 
table assets and accumulated depletion, and the net 
value of intangible assets , Liability items have 
been added to indicate the amount of accrued expenses, 
corporate prepaid income, and reserves for estimated 
expenses . The two latter liability items were sup- 
plied in connection with tsixpayer elections permitted 
under 1954 Code sections 452 and 462 prior to their 
repeal on June 15, 1955. 

Table 3 links the itemized income statement data 
summarized from 722,805 active corporation returns 
(table 2) with the itemized summary of balance sheets 
and income statement items submitted on 667,856 ac- 
tive corporation returns by presenting totals for 
income statement items (1) for all returns, (2) for 
returns with balance sheets, and (3) for returns with 
no balance sheets. Balance sheet data shown in 
Statistics ol Income are tabulated as of the end of 
the corporate accounting period covered by the tax 
return. This holds for the assets and liabilities 
of a corporation into which one or more other cor- 
porations have been merged during the tax year, 
though the related income statement items tabulated 
in this case exclude data for a part year period 
prior to its merger reported on a tax return sub- 
mitted separately by an acquired corporation. In 
such cases, if the return from the acquired corpora- 
tion covers a period with a greater number of months 
in calendar year 1954, it is tabulated as a return 
without balance sheet data. 

The classification of items as they appeared on 
the taxpayer's return was revised when available in- 
formation warranted a change to fit the standardized 
receipt, deduction, asset, and liability categories 
used in the tabulations. Revised editir^ procedures, 
particularly for returns in the finance area, lessen 
item by item comparability of 1954 with prior pe- 
riods . 

In the financial division, data compiled from re- 
turns classified under the major group "Insurance 
carriers and agents" are affected by provisions of 
law with reference tolife and mutual insurance com- 
panies. Life insurance companies report only their 
investment income, i.e., interest, dividends, and 
rent, and may deduct only expenses incident thereto 
and wholly tax-exempt interest in arriving at net 
income. The deductions reported are taxes and de- 
preciation, tabulated under their respective titles, 
and investment and real estate expenses, tabulated 
as "Other deductions." Mutual insurance companies 
report these items and, in addition thereto, net 
gain from sale or exchange of capital assets, in- 
terest paid, and capital losses sustained in meeting 
dividend and insurance claim payments. Capital 
losses are included with "Other deductions." 

Computation of life and mutual insurance company 
taxable income also differs somewhat from that for 
other corporations shown in "Explanation of Terms," 
page 28 , and Synopsis of Federal Tax Laws, page 
187. Life companies deriving a portion of their 



18 



CORPORATION INCOME TAX RETURNS FOR 1964 



income from contracts other than life insurance, 
annuities, or noncancelable health and accident in- 
surance make an upward adjustment in computing in- 
come for tax purposes for certain nonlife insurance 
reserves . The amount of this adjustment for 1954, 
shown in table G, is $27,737,000. Life companies 
earning less than 105 percent of their required in- 
terest are allowed a reserve interest credit, com- 
puted under provisions of section 805 of the 1954- 
Code. This special adjustment for 1954 amounted to 
$15,777,000 and is also shown in table G. Neither 
life nor mutual insurance companies are allowed a 
net operating loss deduction. 

Special provisions affecting insurance industry- 
tax are reviewed in the Synopsis of Federal Tax Laws, 
pages 188 and 189. 



T«ble G,— SPECIAL ADJUSTMENTS MADE BY LIFE INSURANCE COMPANIES IN COMPUTING 
TAXABLE INCOME, 1954 



Item 


Returns 

with 

net income 


Returns 

without 

net income 


Number of life insurance corapsny returns 




1,0A2 






1,1 


Number of life insurance company returns with balance sheets. 


703 






17 


Adjustment for certain nonlife insurance reserves: 












Returns with anfl without balance sheets: 

Number of returns 


dollars., 
dollars.. 


455 
27,719 

385 
27,548 






4 


Returns with balance sheets: 

Number of returns 

Amount thousand 


3 

18 


Reserve interest credit: 












Returns with and without balance sheets: 

Number of returns 


dollars., 
dollars. . 


223 
15,777 

143 
15,123 






- 


Returns with balance sheets: 

Number of returns 

Amount thousand 


- 



Asset Size and Income Size Distributions 

Data on corporate returns with balance sheets are 
classified by asset size in tables 5, 6, 16, and 20. 
In table 5 data for seventy-one items from corporate 
balance sheets and income accounts are distributed 
among 14 asset size classes. Table 20 provides sim- 
ilar item detail for returns with balance sheets and 
net income . Table 6 shows seventeen selected balance 
sheet and income statement items by asset size within 
each of the major industry groups. Table 16 relates 
asset size and corporate accounting period. For 
667,856 returns with balance sheets, separate asset 
size distributions are made in table 16 for 282,762 
returns pertaining to annual noncalendar year ac- 
counting periods, and for 385,094 returns covering 
calendar and part year accounting periods . 

Corporation data are classified by net income or 
deficit size in tables 7, 8, 9, 10, and 15. Table 7, 
based on returns for all active corporations, shows 
industrial division net income, taxes, and dividends 
paid distributed separately by size of net income or 
deficit for returns with net income and returns with 
no net income. Table 8 provides net income size 
classification data on type of tax liability compiled 
for all active corporate returns, including a sepa- 
rate summary for returns showing the alternative in- 
come tax liability (defined on page 23) . Table 9 
presents distributions which relate net income or 
deficit size to the source of dividend receipts, and 



to interest receipts on Government obligations . Div- 
idends received from domestic and foreign corpora- 
tions are tabulated separately for 17 income size 
classes. The data in this table distinguish between 
interest received on Government obligations which is 
wholly taxable, subject to surtax only, and wholly 
tax-exempt. These different classes of interest re- 
ceipts are described briefly on page 25. 

Table 10 is devoted to the $13.3 billion in divi- 
dends paid by all active corporations. It contains 
net income and deficit size distributions of data on 
returns with dividends paid of the following types: 

(1) Only cash and assets other than own stock 

(2) Only corporation's own stock 

(3) Both cash and assets other than own stock, 

and corporation's own stock 

Table 15 relates net income or deficit size and 
corporate accounting period through separate size 
distributions for 293,003 active corporate returns 
for annual noncalendar year accounting periods and 
429,802 active corporate returns which covered cal- 
endar and part year accounting periods. 

Income size distributions are also available for 
returns with foreign tax credit (table 30) and for 
Western Hemisphere trade corporation returns ( table 
33) . 

Brief descriptions of the deductions attributable 
to dividends for tax purposes are contained in the 
"Explanation of Terms," page 24, and Synopsis of 
Federal Tax Laws, page 187. 



Dividends Summary 

In addition to the net income size distributions 
of dividends received and type of dividends paid in 
tables 7, 9, and 10, which are described immediately 
above, table 11 contains data on cash dividend pay- 
ments separately for returns with net income and re- 
turns without net income, classified among 17 indus- 
trial categories . Tables 2 through 5, and 18 through 
20 provide data on the value of dividends paid (1) 
in cash and assets other than own stock, and (2) in 
the corporation's own stock. In the latter seven 
tables, dividend data are classified either by major 
industry group or asset size. In table 6 dividends 
paid in cash and assets other than own stock are 
classified by both industry and asset size. Chart 3 
shows the percentage composition of dividend distri- 
butions arising in the various industrial divisions . 



Accounting Periods and Methods 

Tables 14, 15, 16, and 17 deal with the accounting 
period characteristics of the major industries and 
income and asset size groups. Table 14 summarizes 
industrial accounting period data from returns with 
and without net income, and table 17 is restricted in 
coverage to returns with net income. Table 16 data 
on assets are restricted to returns with balance 
sheets. 

Table H below presents summary data relative to the 
distribution of all returns, returns with net income, 
and returns without net income among corporate ac- 
counting periods in tax year 1954. 



CORPORATION INCOME TAX RETURNS FOR 1954 



19 



T«Mo H.— NET INCOME OR DEFICIT, AND TAXES, BV MONTH IN WHICH ANNUAL ACCOUNTING PERIOD ENDED— ALL ACTIVE CORPORATION RETURNS, 1954 



Accounting period ended 



Total 

number of 

returns 






Returns with net Income 






Retm'ns without net 
Income 


Number of 
returns 


Net income 

f T7)ou9and 
dollar*) 


Income tax 


Excess profits tax* 


Number of 
returns 




Number of 
returns 


Amount 
(Thousand 
dollars) 


Number of 
returns 


Amount 

f Thousand 
dollars) 


( Thousand 
dollars) 


(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


20,627 


12,502 


540.158 


10,956 


241,982 


603 


8,813 


8,125 


76,479 


21,118 


12,960 


527,896 


11,315 


233,810 


599 


6,647 


8,158 


94,818 


32,238 


19,289 


951,399 


16,898 


410,705 


1,046 


13,384 


12 ,949 


175,687 


23,532 


14,264 


863,506 


12,471 


363,332 


646 


3,944 


9,268 


125,181 


16,716 


10,635 


751,388 


9,490 


331,818 


642 


4,591 


6,081 


80,429 


21,855 


13,781 


1,020,670 


12,128 


472,264 


. 


_ 


8,074 


87,068 


20,147 


12,185 


459,830 


10,585 


197,826 


- 


- 


7,962 


69,903 


36,ii7 


22,561 


769,755 


19,428 


323,910 


_ 


. 


13,886 


137,762 


25,646 


16,104 


559,846 


13,708 


227,522 


_ 


- 


9,542 


82,560 


23,741 


15,041 


533,100 


13,050 


226,599 


_ 


_ 


8,700 


87,517 


50,936 


33,471 


1,388,750 


29,326 


599,163 


- 


- 


17,465 


180,075 


293,003 


182,793 


8,366,298 


159,355 


3,628,931 


3,536 


37,379 


110,210 


1,197,479 


386,409 


241,112 


30,731,082 


215,893 


12,995,199 


- 


- 


145,297 


1,803,206 


43,393 


17,272 


475,450 


10,274 


199,111 


186 


332 


26,121 


243,710 


722,305 


441,177 


39,572,830 


391,522 


16,823,241 


3,724 


37,711 


281,628 


3,244,395 



Annual returns: 

July 1954 

August 1954 

September 1954. 
October 1954... 
November 1954.. 

January 1955. .. 
February 1955.. 

March 1955 

April 1955 

May 1955 

June 1955 



Total, noncalendar year periods. 
December 1954 



part year returns. 
Total 



'^The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for 
annual accounting periods ended July through November 1954 and returns for part years which began in 1933. 



Chart S.-TYPE OF DIVIDENDS PAID BY INDUSTRY. TUX YEAR 1954 


(Percentage Distribution) 


m CISK n OM STOCK ■ "SETS OTKER T««« 


Perc 
100 


e„t ~. ^ — C,S„ Q, 5„ STOCK pg^ 


cent 
100 




M 




r 




K-i^ 






1 ^m 

1 1 pffisra 


i 


y 














-*j 




60 




™l 




w 






























80 


60 


- 


^€,.*1 




M 








M 




h- 


h 
















60 






1^ 




H 




^ 








M sm 


















40 


- 


1 




1 




1 






«P 
















40 


20 


- 


1 




1 




1 








1 
















- 


20 







1 




1 




■ 








' 





















M 



























Tables 12 and 13 provide measurements regarding in- 
ventory valuation methods and major industry corpo- 
ration accounting usage of cash, accrual, and other 
accounting methods . The data on accounting methods 
are based on answers to questions contained on the 
income tax return (facsimile, page 195) and are prob- 
ably characterized by a substantial amount of non- 
response. Tables in Statistics o/ Income volumes for 
19*^5 and 19'+6 provide data on accounting methods used 
in these periods and a table in the 1950 volume shows 
the basis of valuing inventories then used bycorpo- 
rations. 



Inventories 

There are two special tables in this volume which 
provide beginning and ending inventory data for tax 
year 195^; as reported on 268,5'47 returns classified 
in manufacturing and trade . Table 21 relates both 
beginning and ending inventories to the gross sales 



and the gross assets reported on returns in which 
inventory data for both beginning and end of the ac- 
counting period were given. Table 22 for the same 
sectors summarizes beginning and ending inventory 
data by the month in which the accounting period 
ended . 



Chart 4-MANUFACTURING AND TRADE CDRPORATION INVENTORIES AT BEGINNING 
AND END OF TAX YEAR 1954 


Bi 


(Returns with both beginning and ending inventories reported) 
1 ions of dol lars Billions of dol 


ars 




^ Beginning of year 


SO 


to 




r ^^ End of 


)'ear 


40 




% 


30 


— 


1 


30 


20 


— 


1 \ 


20 


10 



— 


I 





10 



1 


ri 


■ 




MANUFACTURING WHOLESALE TRADE RETAIL TRADE 





Charts U and 5 relate to the special inventory 
tabulations . Chart U is based on information m table 
21 compiled from tax year 195^+ returns from manufac- 
turing and trade corporations reporting the value 
of inventory at the beginning and end of their ac- 
counting period. Tax year 195^ gross sales shown 
in chart 5 and in table 21 are compiled from data 
on all tax year 195-^ returns classified in manufac- 
turing and trade activities. Statistics of Income 
for 1953, Part 2, is the source for 1953 gross sales 
data. 



20 



CORPORATION INCOME TAX RETURNS FOR 1954 



Chart 5.-GR0SS SALES OF MANUFACTURING AND TRADE CDRPDRATIONS 
FDR TAX YEARS 1953 AND 1954 

(All active manufacturing and trade corporation returns) 
Billions of dollars Billions of dollars 



— 200 



[1 



MANUFACTURING WHOLESALE TRADE 



RETAI L TRADE 



New Businesses and Successor Businesses 

Table 23 presents data derived from answers to 
question 1, page 3 of the corporation income tax re- 
turn form for 1954- or the incorporation date (see 
facsimile, pages 193-5) . The "Explanation of Terms," 
page 25, provides material helpful in interpreting 
this table . Similar data for prior years are avail- 
able in Statistics of Income, Part 2, for 19'+5 and 
1946. 

Consolidated Returns 

A single return may contain financial data for two 
or more closely related concerns. Affiliated groups 
electing to file consolidated returns are subject 
to an additional siirtax of 2 percent of taxable in- 
come computed (1) before deduction of partially tax- 
exempt interest, and (2) by excluding taxable income 
of regulated public utilities and Western Hemisphere 
trade corporations . In tabulating corporation sta- 
tistics, a consolidated return is treated as a unit, 
each classification being determined onthe basis of 
combined data . 

Data for 13,139 corporations (2,723 parent corpo- 
rations and 10,416 active and inactive subsidiaries) 
were reported on 2,723 returns and included in all 
tabulations in this volume. Tables 24 through 27 
show detailed financial data f rom consolidated re- 
turns separately . These corporations account for 
around 12 percent of all corporate receipts, net in- 
come, tax, and total assets reported. Only in the 
industrial division "Public utilities" does the pro- 
portion of consolidated data rise much above this 
average. In this division consolidated return data 
amount to about 50 percent of the total . 

Corporations included in an affiliated group for 
tax purposes must be connected through stock owner- 
ship with a common parent corporation which owns 
stock of at least one member of the group equal to 
(1) at least 80 percent of the voting power of all 



classes of stock, and (2) at least 80 percent of 
each class of nonvoting stock (except stock which is 
limited and preferred as to dividends) . In addition, 
these same proportions of the stock of each other 
member of the group must be owned by one or more of 
the corporations within the group . 

These stock ownership requirements are a sharp re- 
duction from the 95 percent ownership required in 
each instance under the 1939 Code and will account 
for some change in both the number of consolidated 
returns filed and in the number of subsidiary com- 
panies. Corporate changes to or from a consolidated 
return basis affect comparability of data in each 
classification into which the individual companies 
or affiliated group would normally fall. 

New elections, generally available because of the 
enactment o f the 1954 Internal Revenue Code, may also 
affect comparability of 1954 data with that for other 
years . The third table in the Synopsis of Federal 
Tax Laws, page 186, describes the type of corpora- 
tions which may elect to file consolidated returns, 
1945 through 1954, and the conditions under which an 
election ceases to be binding for future tax years. 
Table C provides a comparison of the number of con- 
solidated retTims (equivalent to number of parent 
corporations) , and number of subsidiaries for 1953 
and 1954, by industrial division. 



Foreign Tax Credit Claimed 

A credit for foreign income and excess profits 
taxes of $726 million was claimed by 3,215 corpora- 
tions against their 1954 income tax liability of $7 
billion. Only domestic corporations with a current 
year United States income tax liability can claim 
this credit for taxes paid to foreign countries or 
United States possessions . 

Credit claimed for taxes paid to a foreign country 
or United States possession cannot exceed the amount 
of United States tax allocable to income from such 
country or possession determined by using the ratio 
of taxable income from the foreign source to total 
taxable income. For returns with accounting periods 
ended in the period July through November 1954 used 
in preparing this report, a further limitation was 
effective under the 1939 Code. For these returns 
the total credit against income tax was limited to 
the same proportion of total income tax as taxable 
income from all sources outside the United States 
was to total taxable income . Foreign taxes not off- 
set against the income tax could be claimed as a 
credit against excess profits tax subject to two sim- 
ilar limitations based on excess profits net income 
and tax . Since only small amounts of excess profits 
tax and credit were reported in 1954, they were added 
to the income tax and credit to obtain the United 
States tax and foreign tax credit claimed tabulated 
for this report. 

Tables 28, 29, and 30 show the amount of credit 
claimed against United States taxes, together with 
related income and tax data, distributed by major 
industry group, size of total assets, and size of 
net income . 

Corporations claiming foreign tax credit are re- 
quired to file supporting statements on Form 1118 
showing taxable income from foreign sources and total 



CORPORATION INCOME TAX RETURNS FOR 1964 



21 



foreign taxes paid. Statements for 2,^22 corpora- 
tions were available for tabulation. These corpora- 
tions reported 92 percent of the net income and 87 
percent of the foreign tax credit reported by the 
3,215 corporations using the credit in 195-4. 

Some dividends tabulated as income from foreign 
sources may be from income earned by a foreign cor- 
poration in the United States as defined in section 
861 of the 195<+ Code . Taxes attributable to the por- 
tion of such dividends taken as a dividend received 
deduction under section 2-45 cannot be credited 
against the United States tax. Dividends from for- 
eign sources are tabulated from Form 1120, schedule C. 

In addition to direct taxes paid foreign countries 
on dividends, domestic corporations owning 10 per- 
cent or more of the foreign payor corporation's vot- 
ing stock may claim credit for taxes paid on income 
from which the dividends were derived. This pro- 
vision includes taxes of a foreign subsidiary in 
which the payor corporation owns 50 percent or more 
of the voting stock. 

Also treated as dividends for purposes of the for- 
eign tax credit are amounts, in excess of costs, 
paid (under a contract and in lieu of dividends) to 
a domestic corporation by a wholly owned subsidiary, 
engaged in manufacturing, production, or mining, for 
goods or services furnished by the parent corpora- 
tion. 

All corporations not claiming a foreign tax credit 
can take foreign taxes paid as an ordinary deduction 
in computing net income but these taxes are not iden- 
tifiable onthe return. Corporations organized xmder 
the China Trade Act, 1922, and corporations receiv- 
ing sufficient gross income from sources within a 
possession of the United States to receive the bene- 
fits of section 931 of the 195-4 Code are treated as 
foreign corporations and denied the use of the for- 
eign tax credit. 

Data similar to that published in tables 28, 29, 
and 30 were published in volumes of Statistics of 
Income. Part 2. for 1950, 1951, and 1953. 

Western Hemisphere Trade Corporations 

A Western Hemisphere trade corporation is defined 
by the Internal Revenue Code as a domestic corpora- 
tion (1) all of whose business (except incidental 
purchasing) is done in North, Central, or South 
America, or the West Indies; (2) 95 percent or more 
of whose gross income for the 3-year period ending 
with the close of the taxable year (or for such part 
of the period as the corporation was in existence) 
was derived from sources outside the United States; 
and (3) 90 percent or more of whose gross income for 
such period was derived from active conduct of a 
trade or business . 

Western Hemisphere trade corporations are granted 
a tax concession in the form of a deduction from 
taxable income equal to approximately 27 percent of 
such income . Their income was exempt from excess 
profits tax (applicable to returns for tax years 
ended July through November 195-4 used for this 
report), and, when included in the income of an af- 
filiated group filing a consolidated return, is ex- 
empt from the 2 percent additional tax imposed on 
consolidated taxable income . 

Tables 31, 32, and 33 show the net income or def- 
icit. Western Hemisphere trade corporation deduction. 



foreign income, income tax before foreign tax credit, 
foreign taxes paid, and credit claimed for foreign 
taxes paid reported by 687 companies . The data were 
tabulated by (1) industry groups, (2) size of total 
assets, and (3) size of net income or deficit. In- 
come and tax data in these tables are not fully rep- 
resentative of Western Hemisphere trade corporations 
since aggregate data from 4-1, predominantly large, 
consolidated returns of affiliated groups were in- 
cluded in the tabulations. Data from a consolidated 
return are included if any member of the affiliated 
group qualifies as a Western Hemisphere trade corpo- 
ration although in many cases the consolidated report 
reflects only a small amount of Western Hemisphere 
trade corporation experience. It was not possible 
to segregate data for the individual affiliates. 
The 4^1 consolidated returns used in preparing the 
195-4 data are almost double the 22 such returns used 
in tabulating the 1953 Western Hemisphere trade cor- 
poration data . This increase may result in part from 
the change in definition of affiliated corporations 
includible in a consolidated return. (See pagelA 
for change in definition and effects on comparability 
of data . ) 

The best available measure of Western Hemisphere 
trade corporation activity available in the tabula- 
tions is the Western Hemisphere trade corporation 
deduction. This $1-41 million deduction, based on a 
statutory allowance of approximately 27 percent of 
taxable Western Hemisphere trade corporation income, 
indicates that the amount of taxable income earned 
by these companies in 195-4 was about $522 million. 
(Taxable income as used here is defined as current 
year net income less net operating loss deduction, 
partially tax-exempt interest, dividends received 
deduction, and in the case of a public utility, the 
dividends paid deduction. Interest and dividends 
received deductions should be comparatively small, 
however, since, by the definition given above, 90 per- 
cent of gross income mustbe from trade or business.) 

Form 1118 filed in support of the credit claimed 
for foreign taxes paid provides the only data avail- 
able with respect to taxable income other than div- 
idends from foreign sources and the amount of foreign 
taxes paid. Data are shown separately for the 256 
returns for which the form was available . Dividends 
from foreign sources tabulated for these same cor- 
porations are dividends received from foreign corpo- 
rations reported on Form 1120, schedule C. 

Almost half, or 332, of the Western Hemisphere 
trade corporations do not claim credit for foreign 
taxes . Over 80 percent of these corporations are 
engaged in trade . 

Seventy-seven returns showed no net income. This 
number and the deficits tabulated are probably under- 
stated since Western Hemisphere trade corporations 
are frequently identifiable only by their special 
deduction from taxable income . 

Similar tabulations for Western Hemisphere trade 
corporations are available for 1950, 1951, and 1953 
in Statistics of Income, Part 2, for those years. 

Personal Holding Company Schedules 

Supplementary data for personal holding corpora- 
tions subject to additional tax on undistributed 
personal holding company income under section 5-41 of 
the 195-4 Code are presented in tables 3-4 through 37. 



22 



CORPORATION INCOME TAX RETURNS FOR 1954 



These tables show the computation of the undistrib- 
uted personal holding company income from the net 
income base, additional personal holding company tax, 
sources of personal holding company income, and size 
of companies based on amount of personal holding and 
undistributed personal holding company income. Data 
are from schedule PH of the return Form 1120. 

Personal holding companies are those with five or 
fewer individuals owning or controlling over half the 
value of outstanding stock, and with at least 80 per- 
cent of gross income consisting of personal holding 
company income as defined in "Explanation of Terms," 
page 26. 

The 195<+ data do not represent a full coverage of 
personal holding companies for tax years ended July 
195^+ thro\igh June 1955 because of changes resulting 
from enactment of the Internal Revenue Code of 195'+. 
Tabulation of combined data from the report forms 
filed under the provisions of the 1939 Code and those 
filed under the 195<+ Code was not feasible. There- 
fore, the data tabulated for this volume were taken 
from the return Form 1120, schedule PH, filed under 
the provisions of the 195^ Code . Some returns filed 
for years taxable under the 1954^ Code were filed in 
error on the 1953 return form and are excluded. The 
number of returns of active corporations filed on 
the 195<V form and used in the tabulations was 3,818. 

In using 195^+ data with that for prior years, com- 
parability of items, affected by enactment of the 
195^+ Code, should be determined through use of the 
definitions of items provided in each voliome and 
through the "Changes in Law Affecting 195'+ Data" 
section of this volume. One of the principal changes 
in comparability of undistributed personal holding 
company income results from the elimination of net 
long-term capital gains in excess of the income tax 
thereon from the tax base (table 3A) . Personal 
holding company tax, however, is little affected by 
this change since both laws provide a maximum tax 
on net long-term capital gain. 

Tables 35 through 37 provide data not heretofore 
tabulated. Prior to 195'+ the personal holding com- 
pany tax return did not require reporting of the 
personal holding company income by sources (table 35). 
Personal holding company income was tabulated from 
3,097 of the 3, 8l8 personal holding company schedules 
since some companies failed to complete the required 
data. Receipts from personal holding company income 
sources were included in the computation of net in- 
come for income tax purposes (tables 1 through 33). 

Tables 36 and 37 provide income size measurements 
based on personal holding company income and undis- 
tributed personal holding company income . Neither 
of these classifications is comparable to the clas- 
sification by size of subchapter A net income, 
defined in Statistics of Income for 1952, used in 
prior years . 

Table I provides a summary of personal holding 
company tax data . By law personal holding company 
Income constitutes 80 percent or more of the gross 
income of the 3,097 companies showing sources of such 
income. Corporate net income or deficit, for all 
personal holding companies, is the base used in com- 
puting undistributed personal holding company income 
on which the personal holding company tax is paid. 



Table I.— PERSONAL HOLDING COMPANY INCOME AND TAX, 1954 



Number of 
returns 



(1) 



Returns with 
undistributed 

personal 

holding company 

i ncome 

(Thouaartd dollars) 



3,097 

2,862 

956 

273 

273 



-w 



16,7i0 
15,607 



1,488 

1,253 



Returns without 

undistributed 

personal 

holding company 

income 



( Thouaand doi/fli 

U) — 



') 



277,904 

246,108 

5,892 

'47,192 



Personal holding company income 

Corporate net income 

Corporate net deficit 

Undistributed personal holding company 
Income 

Personal holding company tax 

'Deficit. 



DESCRIPTION OF THE SAMPLE AND LIMITATIONS 
OF DATA 

The population — -The population consisted of 75<+,019 
corporation income tax returns with accounting per- 
iods ended between July 1, 195'+ and June 30, 1955. 
This figure includes returns filed on Forms 1120, 
1120L, and 1120M. It includes 3\,2\K returns of 
inactive corporations and '4-3,393 part year returns. 
On the other hand, it excludes returns filed on Form 
1120H by personal holding companies. It also ex- 
cludes amended returns not associated with an origi- 
nal return, and returns which were received after 
the cut-off date of the tabulation. 

The sample design. — The sample design was charac- 
terized by stratification, optimum allocation, and 
the use of prescribed serial number endings to desig- 
nate sample returns. 

The population was stratified by type of return, 
by volume of business, by tax status, that is by 
taxable ornontaxable returns, and by the 64- district 
offices. Returns for consolidated corporations, life 
insurance companies, mutual insurance companies, and 
those with overpayments of tax were included 100 per- 
cent. Other returns in the population were strati- 
fied by volume of business into large, medium, and 
small according to the following definitions. 

1. Large returns were those with gross sales, gross 
receipts, or total income of $500,000 or more. 

2. Medixim returns were those in which at least one 
of the items — gross sales, gross receipts, or 
total income— was between $100,000 and $500,000, 
but none $500,000 or more. 

3. Small returns were those with gross sales, gross 
receipts, and total income each less than 
$100,000. 

The sample size, sajnple rates, and estimated popu- 
lation for the volume of business and type of return 
stratification are given below: 

195'+ Corporation Sample 

Sample Sampling Sstinated 

Strata size rate population 

Special: , , , 

1120 with Sch . PH . . ^1,029 ^1.00 ^1,029 
1120 L 1,113 1.00 1,113 

iii8^6ns6iidated:: ^2,?!^ ^liBB ^2,m 

Large 107,248 1.00 107, 24S 

Medium 37,889 0.20 189, ^'45 

Small '45,171 0.10 '451,710 

195,92'4 75'4,019 

^A rew Of these returns Tell In the strata of small and medium 
returns and were weighted accordingly. 



CORPORATION INCOME TAX RETURNS FOR 1954 



23 



The method of estimation The method of estima- 
tion was that of using the inverse of the sampling 
rate after the sample size had been adjusted to cor- 
rect for any undersampling or oversampling which 
might exist in a district office. The adequacy of 
the sample size was tested by applying appropriate 
sampling rates to the number of returns of various 
types processed by each district office, and compar- 
ing this expected sample size with the number of 
sample returns actually received . If the number of 
sample returns was insufficient the weight was kept 
at the inverse of the sampling rate by duplicating 
the required number of sample returns . Past year 
sample data were also used as a basis of validating 
the sample . 

Sampling variability. — The area of 100 percent 
coverage is large and therefore the sampling error 
on an overall basis for amount of total assets is 
only a fraction of 1 percent. 

The maximum sample variability in the basic totals 
for all industry groups and asset sizes combined are 
as follows : 

Percent 

Total number of returns +0 .25 

Total net income +0 .10 

Total deficit income +0 .70 

Total assets +0.25 

These limits will be exceeded in the long run in 
about 5 out of 100 similar samples of the 1954 cor- 
poration returns . 

The sampling error for the various characteristics 
for the industry groups with the smallest frequen- 
cies — forestry, anthracite mining, tobacco manufac- 
turing, and ordnance and accessories — are extremely 
small because the large corporations included 100 
percent account for most of the very small money 
values as well as for 75 percent or more of gross 
sales . 

Nonsampling errors — In addition to sampling vari- 
ability the data are subject to certain biases due 
to processing, incomplete coverage, and taxpayer 
errors since the data were derived from unaudited 
returns . Control over coverage was exerted through 
an extensive system of sample management . On an 
overall basis, the amount of bias in money amounts 
of income or deficit as estimated from audited re- 
turns exceeds the sampling variabilities given above. 



EXPLANATION OF TERMS 

The following definitions apply particularly to current 
year data but in most instances are also applicable to items 
shown in the historical tables 38-43. When used with his- 
torical data, the "Comparability of Historical Data," pages 
142-5 and Synapsis of Federal Tax Laws, pages 181-190 should 
also be consulted. Facsimiles of the return forms for 1954 
referred to in the explanaticns are shown on pages 191-222. 

Accounts and notes payable, shown in table 6, 
consists of amounts tabulated as bonds, notes, and 
mortgages payable with maturity of less than 1 year 
and accounts payable. 

Alternative tax consists of a tax of 26 (or 25) 
percent of net long-term capital gain reduced by any 
net short-term capital loss, plus normal tax and 



surtax at the usual rates on the balance of taxable 
income, and was reported only if it was less than 
the regular normal tax and surtax. Alternative tax 
was tabulated in "Income tax." The maximum tax rate 
for net long-term capital gain reduced by net short- 
term capital loss was reduced from 26 percent to 25 
percent for taxable years beginning on or after 
April 1, 1954. 'For returns used in compiling this 
report, this change applied only to returns with 
fiscal years ended in the period March through June 
1955. (See Synopsis of Federal Tax Laws, 1945-1954, 
Table A, for maximum tax rate on long-term gain prior 
to 1954.1 

Amortization.— Amortization deduction items are 
listed under "Depreciation and amortization" and de- 
scriptions of new items are given in. "Changes in Law 
Affecting 1954 Data." Accumulated amortization for 
depreciable assets for fiscal years ended in the pe- 
riod July through November 1954 was not shown sepa- 
rately on the balance sheet schedule of returns filed 
for those years but was included in "Accumulated de- 
preciation." 

Assets and liabilities were tabulated as of Decem- 
ber 31 of the t£ix year or close of fiscal year near- 
est thereto. Adjustments were made in tabulating 
the data as follows: (l) reserves for depreciation, 
depletion, bad debts, etc., reported under liabili- 
ties, were transferred to the appropriate asset 
reserve accounts, and (2) deficits in surplus, re- 
ported under assets, were transferred to liabilities 
as negative amounts. Beginning in 1952 the liability 
items "Accounts payable" and "Capital stock, common" 
are overstated in the Finance Division,major industry 
group "Credit agencies other than banks," due to 
taxpayer reporting of some savings and loan associa- 
tion savings accounts as such liability items rather 
than as "Other liabilities" where they were typi- 
cally reported. 

Bonds, notes, mortgages payable. — The quality of 
the published data for 1954 as tabulated by maturity 
date is subject to inconsistencies in definition. 
The balance sheet schedules of the two return forms 
used for this report differed in that one requested 
classification of these obligations by original ma- 
turity date, while the other requested classifica- 
tion by time of maturity from date of the balance 
sheet. Thus, data for obligations with maturity of 
less than 1 year, while principally short-term obli- 
gations, may contain some long-term obligations 
nearing maturity, and the item for obligations with 
maturity of one year or more may contain obligations 
with maturity within one year. 

In table 6 "Bonds and mortgages payable" are those 
tabulated as "Maturity of one year or more." 

In historical table 41, data for years prior to 
1954 were classified according to the original ma- 
turity date. 

Capital assets less reserves in table 6 include 
depreciable, depletable, and intangible assets plus 
land, reduced by accumulated amortization, deprecia- 
tion, and depletion. 

Capital gain or loss is the gain or loss from sale 
or exchange of "capital assets" as defined by section 
1221 of the 1954 Code, and the aggregate net gain 
from sale or exchange of certain "property used in 
the trade or business" and from involuntary conver- 
sion of such property and of "capital assets" held 
for more than 6 months . 



24 



CORPORATION INCOME TAX RETURNS FOR 1954 



An alternative tax may be computed for returns with 
a net long-term capital gain in excess of net short- 
term capital loss. 

Losses from sale or exchange of capital assets are 
allowed only to the extent of capital gains, but a 
net capital loss, reduced by capital gains in inter- 
vening years, may be carried over to the five succeed- 
ing taxable years. An aggregate net loss from sale 
or exchange of "property used in the trade or busi- 
ness" and from involuntary conversion of such prop- 
erty and of "capital assets" is treated as an ordi- 
nary loss. 

In computing capital gains and losses — 

"Capital assets" (as defined by section 1221) con- 
sists of all property held by taxpayer except: (1) 
property properly includible in inventory, or prop- 
erty held primarily for sale in the ordinary course 
of trade or business; (2) depreciable and real prop- 
erty used in trade or business; (3) accounts and 
notes receivable acquired in the ordinary course of 
trade or business for services rendered or from sale 
of property includible in Inventory or ordinarily 
held for sale; (4-) Government obligations issued on 
or after March 1, 1941, on a discount basis and pay- 
able without interest at a fixed maturity date not 
exceeding 1 year from date of issue; and [5) certain 
copyrights, literary, musical, or artistic composi- 
tions or similar properties. 

"Property used in the trade or business" means real 
property and depreciable property, used in the busi- 
ness and held for more than 6 months (but not certain 
copyrights, etc.), and certain timber, coal, unhar- 
vested crops, and livestock. 

"Short-term" pertains to gains or losses from prop- 
erty held 6 months or less; "long-term" to property 
held over 6 months . 

Capital gains and losses are treated historically 
in table B, of the Synopsis of Federal Tax Laws. 

Capital stock shown in table 6 consists of both 
preferred and common stock. 

Compiled receipts. — See "Total compiled receipts." 

Consolidated returns are defined in text, page 20. 
See also Synopsis of Federal Tax Laws, 1945-54, table 
C, page 186. 

Contributions or gifts. — The law limits the deduc- 
tion for charitable contributions or gifts in any one 
year to 5 percent of the net income for the year 
(before this deduction) . Contributions or gifts in 
excess of this limitation made after December 31, 
1953, may be carried forward as a deduction against 
net incomes of the following 2 years to the extent 
that contributions in such years are less than the 
statutory limitation. 

Corporate net income or deficit See "Net income 

or deficit." 

Cost of goods sold and Cost of operations. — Iden- 
tifiable amounts of taxes, depreciation and amorti- 
zation, depletion, advertising, pension and other 
benefit plan contributions reported in these costs 
were transferred to their specific headings. For 
years prior to 1951 only amortization of emergency 
facilities and pension plan contributions were so 
treated. 

"Cost of goods sold" was reported for transactions 
in which inventories were an income-determining factor: 
"Cost of operations" was reported for all other 
transactions . 



Credit cJaimed for foreign taxes paid and state- 
ment filed in support thereof. — See text, page 20. 

Deficit. — See "Net income or deficit," below. 

Depletion The 1954 Code increased the depletion 

allowance for a number of minerals. See "Changes in 
Law Affecting 1954 Data." These increases were not 
effectivewith respect to the depletion deduction and 
accumulated depletion (balance sheet) reported on 
returns for fiscal years ended July through November 
1954 which were used in preparing this report. 

Depreciation and amortization. — See "Changes in 
Law Affecting 1954 Data" for methods of depreciation 
and amortization allowances authorized by the Inter- 
nal Revenue Code of 1954 which affect comparability 
of this deduction and the accumulated amounts (bal- 
ance sheet) with similar data for other years. 

Amortization includes deductions taken in lieu of 
depreciation for emergency facilities (section 168 
of the 1954 Code) and grain storage facilities erected 
after December 31,1952 (section 169), plus deductions 
taken for research or experimental expenditures capi- 
talized but not subject to depreciation (section 174), 
mine exploration and development expenditures amor- 
tizable under sections 615 and 616, and organiza- 
tional expenditures amortizable under section 248 
of the 1954 Code. 

Accumulated depreciation includes accumulated 
amortization reported for fiscal years ended in the 
period July through November 1954. 

Dividends from foreign sources, in tables 28-33, 
are those from foreign corporations reported in 
column 4 of schedule C, Form 1120, and do not exclude 
dividends deducted from the net income under sec- 
tions 245 and 246 of the 1954 Code. Foreign tax 
credit is available only for taxes paid on dividends 
from foreign corporations in excess of the deduction 
taken under these sections. 

Dividends paid in cash and in assets other than 
own stock exclude liquidating dividends. 

Dividen4s received. — "Dividends, domestic corpora- 
tions" consist of dividends received from domestic 
corporations subject to income taxation under chap- 
ter 1 of the Internal Revenue Code (1954) reported 
in columns 2 and 3, schedule C, page 2, Form 1120, 
for 1954. "Dividends, foreign corporations" were 
reported in col\mn 4 of schedule C. 

Deductions from net income are allowed with respect 
to a portion of the dividends from domestic corpora- 
tions and of certain dividends from foreign corpora- 
tions doing a substantial volume of business within 
the United States. Under the 1954 Code, if the sum 
of the allowable deductions is larger than the net 
income, a net operating loss results. See "Changes 
in Law Affecting 1954 Data." Prior to 1951, credit 
was not allowed for dividends from foreign corpora- 
tions. 

Dividends from other corporations reported in col- 
umn 5 of schedule C were included in"Other receipts ." 
Such dividends include those from China Trade Act 
corporations, corporations deriving a large percent- 
age of their gross income from sources within a pos- 
session of the United States, and corporations ex- 
empt from tax under sections 501 and 521. 

Employee benefit plans other than those within 
the purview of section 404 of the 1954 Code include 
insurance plans, noninsured death benefits, health, 
accident and other welfare benefits deductible under 



CORPORATION INCOME TAX RETURNS FOR 1964 



26 



section 162. Prior to 1952 such amounts were tabu- 
lated in "Other deductions." 

Excess profits tax. — The excess profits tax termi- 
nated December 31, 1953, and the amount shown is a 
prorated tax, based on the number of days in 1953 
reported for tax years beginning in the period July 
through December 1953. This excess profits tax was 
imposed by section 4-30 of the Internal Revenue Code 
of 1939 upon adjusted excess profits net income as 
defined in section A31 of that Code. The amount 
tabulated is before foreign tax credit. 

First returns. — Classification of first returns 
was based on the response to the first question on 
page 3 of the return form, facsimile, page 195, and 
on the incorporation date. Returns without answers 
to any part of the question but with incorporation 
date in 1954- , or in 1953 with the greater part of 
the tax year in 1954-, were included in the group 
"Whether new or successor not stated," together with 
those on which only the first part of the question 
was answered . 

Foreign tax credit. — See text, page 20. 

Gross receipts from operations consists of amounts 
received from transactions in which inventories were 
not an income-determining factor. Cost of operations 
is shown as a deduction. 

Gross sales consists of amounts received for goods, 
less returns and allowances, in transactions where 
inventories were an income-determining factor . Cost 
of goods sold is shown as a deduction. 

Inactive corporations are those which reported no 
item of income or deduction . Such returns were filed 
in accordance with the regulation that a corporation 
having an existence during any portion of a taxable 
year is required to file a return. Returns of inac- 
tive corporations were not included in the tabula- 
tions, but the number filed is shown in table B and 
in historical table 38. 

Income, other than dividends, from foreign sources 
is the net amount of taxable income or loss from 
foreign countries or United States possessions, re- 
ported on line 7 of Form 1118, reduced by the amount 
of dividends received from foreign corporations, 
reported in Schedule C of Form 1120 (facsimiles on 
pages 219 and 194.) 

Income tax consists of normal tax, surtax, and 
alternative tax. Tabulated with the income tax for 
returns with net income is a small amount of tax 
reported on returns with no net income under the 
special provisions applicable to certain mutual in- 
surance companies, other than life or marine, and 
to mutual savings banks having separate life insur- 
ance departments. 

The income tax tabulated is before credit for for- 
eign taxes paid. 

Industrial divisions and groups. — See description 
of industrial classification used in Statistics of 
Income, page 17 . 

Intangible assets. — Net values of intangible assets 
were tabulated . The balance sheet schedule of the 
1954 return provided for the reporting of amortizable 
intangible assets separately for the first time. 
Quality of the published data is affected by incon- 
sistencies in defining the assets and by inclusion 
of intangibles in other asset items on the 1953 
return form used for fiscal years ended in the period 
July through November 1954. 



Interest on Government obligations. — Interest on 
obligations of the United States issued after 
September 1,1917 (other than postal savings certifi- 
cates for deposits made before March 1, 1941), and 
on obligations of corporations organized under act 
of Congress is exempt from taxation only to the ex- 
tent provided by the acts authorizing issuance of the 
obligations . 

Interest reported on obligations described online 
2(a), schedule C-1, page 2, Form 1120 for 1954 was 



subject to surtax only. That reported on obligations 
described on line 2(b) was wholly taxable. 

Wholly tax-exempt interest, received on obligations 
of States, Territories, or political subdivisions 
thereof, the District of Columbia, or United States 
possessions, and on certain obligations of the United 
States or its instrumentalities was reported as item 
16, schedule M, page 4, of the 1954 Form 1120. The 
amounts tabulated are less amortizable bond premium. 

Inventory valuation method. — Classification by in- 
ventory method is based on question 9, page 3 of 
Form 1120. Some corporations failed to answer the 
question. Inventory items valued on a last-in, 
first-out basis are classified with cost valuation 
methods . 

Investments. — Government obligations of "States, 
Territories, and United States possessions" include 
obligations of their political subdivisions and of 
the District of Columbia. United States obligations 
include those of instnamentalities of the United 
States . Investments which were not identified on the 
return as either "Government" or "Other" were included 
in "Other investments." 

Land Land acquired and certified as an emergency 

facility is amortizable under the provisions of sec- 
tion 168 of the 1954 Code relating to emergency fa- 
cilities. The net value of land, after deduction of 
this amortization, was reported on the balance sheet. 

Liabilities. — See "Assets and liabilities." 

Net gain or loss, sales other than capital assets 
is the net gain or loss from the sale or exchange of 
(1) depreciable and real property used in trade or 
business; (2) accounts and notes receivable acquired 
in the ordinary course of trade or business for serv- 
ices rendered or from sale of property includible in 
inventory or ordinarily held for sale; (3) Government 
obligations issued on or after March 1, 1941, on a 
discount basis and payable without interest at a 
fixed maturity date not exceeding 1 year from date 
of issue; (4) certain copyrights, literary, musical, 
or artistic compositions or similar properties; and 
(5) securities by dealers. (See "Capital gain or 
loss" for treatment of certain depreciable and real 
property used in trade or business and held over 6 
months . ) 

Net income or deficit is the difference between 
the gross income subject to tax and the total deduc- 
tions reported, exclusive of the net operating loss 
deduction and special statutory deductions. See 
also "Taxable income." 

Net operating loss deduction. — A net operating loss 
must be carried back as an offset to net income during 
t he statutory carryback period before being carried 
forward. The deduction tabulated for Statistics of 
Income is derived from the net operating losses of 
prior years remaining as a carryover offset to net 
income for the year tabulated. It does not take 



26 



CORPORATION INCOME TAX RETURNS FOR 1954 



into account any carryback from a succeeding tax 
year which may subsequently be made. The 1939 Code 
provided a one year carryback and a five year carry- 
forward for losses sustained after December 31, 1949, 
and before Jsinuary 1, 1954. 

The 1954 Code made a number of changes in the com- 
putation of the net operating loss and the method of 
deducting it from net income of other years. During 
the transitional period involving income or loss 
computed under the 1939 Code, computations for each 
year included in determining the deduction are to be 
made under the provisions of the Code normally in 
effect for that year. See "Changes in Law Affecting 
1954 Data," above, and section 172 of the 1954 Code 
for pertinent changes and for further explanation 
of the net operating loss deduction. 

Noncalendar year returns. — This classification, 
for returns ended in the periods July 1954 through 
November 1954 and January 1955 through June 1955, 
excludes returns for part years . 

Number of returns excludes returns of inactive 
corporations except in table B, page 10, and histori- 
cal table 38 where inactives are included in "Total 
number of returns." It includes returns of unincor- 
porated business enterprises which elected to be 
taxed as corporations under section 1361 of the 1954 
Code. 

Number of subsidiaries consists of the number of 
affiliated corporations other than the common parent 
corporations which were included in consolidated 
income tax returns. 

Other assets are those not reported separately on 
the return and include sinking funds; other funds; 
deferred charges; suspense items; interest, discount, 
coupons, and dividends receivable; guaranty deposits; 
and, for tax years ended in the period July through 
November 1954, prepaid expenses and supplies and 
intangible assets which could not be segregated into 
the separate items for tabulating. "Other assets" 
of life insurance companies include market value of 
real estate and bonds and stocks in excess of book 
value; interest, rents, and premiums due; and agents' 
balances . 

Other deductions include (l) salaries and wages 
not deducted elsewhere on the returns, (2) losses by 
abandonment, fire, storm, shipwreck, or other casu- 
alty (including war losses), and theft, (3) negative 
amounts reported under income, and (4) amounts not 
otherwise reported, such as: Administrative, general, 
and office expenses; bonuses and commissions; deliv- 
ery changes; freight and shipping expenses; payments 
in connection with lawsuits; sales discount; selling 
costs; travel expenses; unrealized prof its on install- 
ment sales; and Federal Deposit Insurance Corpora- 
tion assessments reported by banks . 

Other liabilities include deferred and suspense 
items; dividends payable; funds held in trust; bor- 
rowed securities; outstanding coupons and certifi- 
cates; and overdrafts. "Other liabilities" of life 
insurance companies include the net value of out- 
standing policies and annuities, and borrowed money. 
"Other liabilities" of banks include deposits (time, 
savings, demand, etc.) and bank notes in circulation. 

Other receipts include amounts not elsewhere re- 
ported on the return such as: Profits from sales of 
commodities other than the principal commodity in 
which the corporation deals; income from minor opera- 



tions; bad debts recovered; cash discounts; income 
from claims, license rights, judgments, and joint 
ventures; net amount under operating agreements; 
profit from commissaries; profit on prior years' 
collections (installment basis); profit on purchase 
of corporation's own bonds; recoveries of bonds, 
stocks, and other securities; refunds for cancella- 
tion of contracts, for insurance, management ex- 
penses, and processing taxes; and income from sales 
of scrap, salvage, or waste. 

Part year returns are returns for accounting pe- 
riods of less than 12 months. Part year returns 
used for this volume were those with the greater 
part of the accounting period in calendar 1954. 
Short accounting periods result from reorganiza- 
tions, newly organized businesses, liquidations, 
and changes to new annual accounting periods. 

Pension plans include pension, annuity, stock bo- 
nus, profit-sharing, or other deferred compensation 
plans, contributions to which are deductible by the 
employer under section 404 of the 1954 Code. 

Personal holding companies. — Personal holding com- 
pany schedules used for the 1954 tabulations were 
those filed under the provisions of the 1954 Code 
and on the 1954 return form and do not represent a 
full coverage for the year. See page 22. Corpora- 
tions meeting the following tests with respect to 
gross income and stock ownership are considered per- 
sonal holding companies: 

(1) Gross income test — 80 percent or more of the 

gross income is personal holding company in- 
come (as defined below). 

(2) Stock ownership test — more than 50 percent in 

value of the outstanding stock is owned, di- 
rectly or indirectly, by or for not more than 
five individuals at some time during the last 
half of the taxable year. The term "individ- 
ual" includes certain exempt organizations 
and charitable trusts (sec. 542, 1954 Code). 
The following types of corporations are specifi- 
cally excluded from classification as personal hold- 
ing companies by section 542(c) of the 1954 Code: 
(1) corporations exempt from taxation under subchap- 
ter F of the 1954 Code; (2) banks, as defined in 
section 581; (3) life insurance companies; (4) surety 
companies; (5) foreign personal holding companies 
as defined in section 552; (6) certain finance com- 
panies; personal finance and small loan companies, 
and loan and investment companies; and (7) foreign 
corporations if gross income from within the United 
States for a 3-year period is less than 50 percent 
of total gross income and all stock outstanding dur- 
ing the last half of the year was owned by nonresi- 
dent aliens. 

Section 543 of the 1954 Code defines personal 
holding company income as that gross income derived 
from (l) dividends, interest (other than interest 
constituting rent londer (7) or interest on special 
reserve funds set aside under the Merchant Marine 
Act, 1936), royalties (other than mineral, oil, or 
gas royalties), and annuities; (2) gains in excess 
of losses from stock and security transactions, ex- 
cept in the case of regular dealers; (3) gains in 
excess of losses from futures transactions in com- 
modities; (4) income from estates and trusts; (5) 
income from personal service contracts; (6) amounts 
received as compensation for a shareholder's use of 



CORPORATION INCOME TAX RETURNS FOR 1954 



27 



corporation property, but only if more than 10 per- 
cent of gross income other than rents is personal 
holding company income; (7) rents, unless constitut- 
ing 50 percent or more of the gross income; and (8) 
mineral, oil, or gas royalties, unless such royalties 
constitute 50 percent or more of the gross income, 
and unless the deductions allowable for expenses 
under section 162 (other than compensation for per- 
sonal services rendered by shareholders) constitute 
15 percent or more of the gross income. 

Personal holding company income tabulated was the 
amount shown in "Schedules required under section 
6501(f)" of the personal holding company return 
(facsimile page 20'^ . This schedule was not filled 
in on 721 of the 3,818 personal holding company re- 
turns tabulated. 

The personal holding company tax is imposed on 
companies meeting personal holding company tests 
above, and having undistributed personal holding 
company income as defined below. The tax is 75 per- 
cent of the first $2,000 of undistributed income and 
85 percent of the balance. Personal holding company 
tax is imposed by section 5'+l of the 195-4 Code. 

The undistributed personal holding company income 
is the amount subject to personal holding company 
tax and is derived from the corporate net income 
or deficit (defined above) by certain adjustments 
and additional deductions. Computation of the un- 
distributed personal holding company income is shown 
in table 34 and the items are explained below. 

The amount of a valid lien in favor of the United 
States outstanding at the close of the taxable year 
is an allowable deduction to the extent of undis- 
tributed income computed without such deduction. 
Amounts deducted under provisions of the 1954 Code 
must be added to income of the year in which the 
lien is satisfied or released. 

For personal holding company tax purposes, the 
allowance for expenses and depreciation applicable 
to property cannot exceed income from the property 
unless the propriety of the deduction can be estab- 
lished under section 54.5(b)(8). The amount tabu- 
lated was the difference between the amount allowable 
for personal holding company tax purposes and the 
amount deducted in computing net income. 

The amount of additional contributions and gifts 
is the difference between the deduction allowed in 
computing the net income, which was limited to 5 
percent of net income before the deduction, and 
the amount allowed in computing undistributed personal 
holding company income. For personal holding com- 
pany tax purposes the deduction for contributions 
and gifts is limited in general to 20 percent of the 
net income plus an additional 10 percent with respect 
to gifts to tax-exempt church, school, and hospital 
organizations. (Sees. 545(b)(2) and 170(b)(1)(A) 
and (B) .) 

Federal income and excess profits taxes and for- 
eign taxes are those disallowed under section 164 in 
computing net income. Foreign taxes include those 
for which a foreign tax credit was claimed. 

Net operating loss deduction is the net operating 
loss of the previous year as determined under section 
172(c). 

Deduction for caoital gains is the excess of net 
long-term capital gain over net short-term capital 



loss, minus income tax attributable to such excess 
as computed under section 545(b)(5). 

Special deduction for bank affiliates istheamount 
certified by the Federal Reserve Board as having 
been invested during the year in readily marketable 
assets in compliance with section 5144 of the Revised 
Statutes (12 U.S.C.61). 

The deduction for dividends paid consists of divi- 
dends paid during the year, consent dividends, and 
dividend carryover (sec. 561). Excluded are those 
paid during the year but claimed in the preceding 
year and deficiency dividends. 

Dividends paid after close of taxable year are 
those paid before the 15th day of the 3rd month fol- 
lowing end of year and considered paid during the 
year. The amount cannot exceed the undistributed 
personal holding company income for the year nor 10 
percent of the dividends paid during the year. 

Prepaid expenses and supplies This item appeared 

separately in the tax return balance sheet schedule 
for the first time for 1954. The data tabulated were 
principally for the calendar year 1954 and fiscal 
years ended January through June 1955, reported on 
the 1954 return form. For fiscal years ended July 
through November 1954, these assets were reported on 
the 1953 return form as "Other assets" and were tab- 
ulated as prepaid expenses and supplies only for some 
large corporations where they could be identified . 
Prepaid expenses and supplies include amounts of pre- 
paid rents, insurance and interest, certain deposits, 
other prepaid expenses, and supplies not included in 
inventory. 

Prepaid income. — See "Changes in Law Affecting 1954 
Data" for definition of this item and limited cover- 
age due to enactment and repeal of section 452 of 
the 1954 Code under which it was reported. Prepaid 
income not reported under section 452 was included 
in either "Other liabilities" or "Surplus reserves." 

Rents received consist of gross amoixnts. Depre- 
ciation, repairs, interest, taxes, and other expenses, 
which were deductible from gross rents, were included 
in the respective deduction items. See also the 
change in law affecting rents paid and received. 

Repairs are the costs of incidental repairs, in- 
cluding labor and supplies, which did not add mate- 
rially to the value of the property or appreciably 
prolong its life. 

Reserves for estimated expenses. — See "Changes in 
Law Affecting 1954 Data" for definition of this item 
and limited coverage due to enactment and repeal of 
section 462 of the 1954 Code under which it was re- 
ported. Reserves for estimated expense not reported 
under section 462 were included in "Surplus reserves." 

Returns with balance sheets. — About 92 percent of 
the returns filed had balance sheet data. Only these 
returns were included in statistics shown for "returns 
with balance sheets." 

Returns with both beginning and end of year in- 
ventory data. — Returns in this category are re- 
stricted to those with both the beginning of year 
and end of year balance sheet sections of schedule 
L of the return form (facsimile, page 196) completed 
and with inventory data reported on each balance 
sheet . 

Returns without net income are those returns which 
had total deductions (exclusive of the net operating 



448404 O -57 -3 



28 



CORPORATION INCOME TAX RETURNS FOR 1954 



loss deduction and special statutory deductions) 
equal to or exceeding total gross income subject to 
tax. 

Royalties consist of gross amounts received. De- 
pletion based on royalties was reported in deductions . 

Surplus and undivided profits consists of "Paid- 
in or capital surplus" and "Earned surplus and un- 
divided profits" less negative amounts reported. 
In table 6 this item also includes "Reserves for 
estimated expenses" and "Surplus reserves." 

Prior to 1954, negative amounts were shown sepa- 
rately. 

Taxable income. — Income subject to normal tax is 
the current yearnet income, tabulated for Statistics 
of Income, less statutory deductions for partially 
tax-exempt interest, net operating losses, dividends 
received, certain dividends paid by public utili- 
ties, and Western Hemisphere trade corporations. 
The amount subject to surtax is computed in the same 
way except that no deduction is allowed for partially 
tax-exempt interest. 

Taxes paid excludes (1) Federal income and excess 
profits taxes, (2) estate, inheritance, legacy, suc- 



cession, and gift taxes, (3) income and profits taxes 
paid to a foreign country or possession of the United 
States if any portion was claimed as a tax credit, 
(4.) taxes assessed against certain local benefits, 
(5) Federal taxes paid on tax-free covenant bonds, 
and (6) unidentifiable amounts of taxes reported in 
"Cost of goods sold" and "Cost of operations." 

Tax year Data for a tax year cover accounting 

periods ended in the period July of the tax year 
through the following June and part year accounting 
periods with the greater number of months in the 
specified tax year. 

Total compiled receipts is the sum of all items 
of taxable receipts and tax-exempt interest (see 
table 2 or historical table AO) . 

Total tax is the sum of the income and excess 
profits taxes . 

Undistributed personal holding company income. — 
See "Personal holding companies," above. 

Western Hemisphere trade corporations. — See text^ 
page 21. 



3. Tables from 

Corporation 

Income Tax 

Returns/ 

1954 



TABLES FROM CORPORATION INCOME TAX RETURNS, 1954 



Page 



ALL ACTIVE CORPORATION RETURNS 

1. Gross receipts from sales and from operations, cost of goods 

sold and of operations, net income or deficit, and taxes, 

by minor industrial group 32 

2. Income statements, by major industrial group 37 

3. Income statements by returns with and without balance sheets 4-3 

RETURNS WITH BALANCE SHEETS 

U. Balance sheets and related income statements, by ma jor indus- 
trial group 44 

5. Balance sheets and related income statements, by size of 

total assets 52 

6. Selected assets, liabilities, receipts, and costs, total tax, 

and dividends paid, by size of total assets, by major in- 
dustrial group 54- 

ALL ACTIVE CORPORATION RETURNS 

7. Net income or deficit, taxes, and dividends paid, by size of 

net income or deficit, by industrial division 80 

8. Income tax, excess profits tsix, and alternative tax liabil- 

ity, by size of net income 82 

9. Dividends received and interest received on Government obli- 

gations, by size of net income or deficit 83 

10. Type of dividends paid, by size of net income or deficit... 84 

11. Cash dividends paid, by income status, by industrial divi- 

sion 85 

12. Inventory valuation method, by major industrial group 86 

13. Accounting method, by major industrial group 87 

14. Total assets, gross receipts from sales and from operations, 

and net income or deficit, by month in which accounting 
period ended, by major industrial group 88 

15. Net income or deficit and taxes, by calendar and noncalendar 

year accounting period, by size of net income or deficit. 95 

RETURNS WITH BALANCE SHEETS 

16. Total assets, net income or deficit, and taxes, by calendar 

and noncalendar year accounting period, by size of total 
assets 96 

RETURNS WITH NET INCCME 

17. Total assets, gross receipts from sales and from operations, 

and net income, by month in which accounting period ended, 

by major industrial group 97 

18. Income statements, by major industrial group 104 

RETURNS WITH BALANCE SHEETS AND NET INCCftffi 

19. Balance sheets and related income statements, by major indus- 

trial group 110 

20. Balsince sheets and related income statements, by size of 

total assets 118 

MANUFACTURING AND TRADE CORPORATION RETURNS 

21. Beginning and ending inventories, related gross sales and 

total assets, and aggregate gross sales, for selected in- 
dustry groups 120 

30 



31 
TABLES FROM CORPORATIOW I^COIIE TAX RETURNS, 1954— Con tinued 



Page 

MANUFACTURING AND TRADE CORPORATION RETURNS WITH BALANCE SHEETS 

22. Beginning and ending inventories and total assets, by month 

in which accounting period ended 121 

CORPORATIONS FILING FIRST RETURNS IN 1954 

23. New businesses and successor businesses, by major industrial 

group 122 

CONSOLIDATED RETURNS 

2^. Balance sheets and related income statements, by industrial 
division 

CONSOLIDATED RETURNS WITH BALANCE SHEETS 

25. Balance sheets and related income statements, by size of 
total assets 



123 



12-; 

CONSOLIDATED RETURNS WITH NET INCCME 

26. Balance sheets and related income statements, by industrial 

division 126 

CONSOLIDATED RETURNS WITH BALANCE SHEETS AND NET INCOME 

27. Balance sheets and related income statements, by size of 

total assets 127 

RETURNS WITH FOREIGN TAX CREDIT 

28. Net income, taxes, foreign tax credit claimed, and type of 

income from foreign sources, by major industrial group... 129 

29. Net income, taxes, foreign tax credit claimed, and type of 

income from foreign sources, by size of total assets , 130 

30. Net income, taxes, foreign tax credit claimed, and type of 

income from foreign sources, by size of net income 130 

WESTERN HEMISPHERE TRADE CORPORATION RETURNS 

31. Net income. Western Hemisphere trade corporation deduction, 

taxes, foreign tax credit, and type of income from foreign 
sources, by major industrial group 131 

32. Net income. Western Hemisphere trade corporation deduction, 

taxes, foreign tax credit, and type of income from foreign 
sources, by size of total assets 134. 

33. Net Income, Western Hemisphere trade corporation deduction, 

taxes, foreign tax credit, and type of income from foreign 
sources, by size of net ijicome 135 

PERSONAL HOLDING CCMPANY SCHEDULES 

3-4. Undistributed income computation and personal holding com- 
pany tax, by income status 136 

35. Sources of personal holding company income, by undistributed 

income status 135 

36. Personal holding company income, undistributed income, and 

tax, by size of personal holding company income 137 

37. Personal holding company income, undistributed income, and 

tax, by size of undistributed income 137 



32 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



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33 






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35 



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r i-j b. B 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



43 



ALL ACTIVE CORPORATION RETURNS 



T»bU S.— INCOME STATEMENTS, BY RETURNS WITH AND WITHOUT BALANCE SHEETS 



Returns with 

and witiiJut 

balance sheets 



Returns with 
balance 
sheets 



Returns with- 
out balance 
sheets 



Number of returns. 



Receipts: 

Cross aa les 

Gross receipts from operations 

Interest on Government obligations (less amortizable bond premium): 

Wiolly taxable 

Subject to surtax only 

•■holly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term capital loss. 
Net long-term capital gain reduced by net short-term capital loss. 

Net ga in, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total con^iled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property.. 

Repairs 

Bad debts 



Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization.. 

Depletion 

Advertising > 



A.'oounts contributed under pension plans 

Aroount3 contributed under other employee benefit 

Net loss, sales other than capital assets 

Other deductions 



Total compiled deductions. 



Compiled net profit or net loss (16 les. 

Het income or deficit (34 less 6) 

Net operating loss deduction 



Income tax 

Excess profits tax' 



Total tax. 



Compiled net profit less total tax (X less 39). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(11 



(2) 



(Thousand dott*r») 



443,636,814 
85,268,894 

2,111,710 

98,731 

392,403 

9,015,158 



4,772 
570 
70 

1,929 
722 

2,332 
613 

3,286 



554,822,450 



339,174,520 
50,550,672 
9,113,178 
5,069,174 
5,026,252 
1,350,014 

6,270,582 

12,476,888 

313,764 

13,691,465 

2,358,630 

5,770,193 

2,840,259 

910,573 

280,742 

62,904,676 



516,101,612 



437,316,182 
34,162,134 

2,087,516 

96,037 

389,281 

8,928,323 

4,648,773 
557,550 
69,522 

1,384,670 
694,826 

2,308,749 
612,610 

3,245,086 



547,001,259 



3X, 348, 173 
49,877,515 
3,959,844 
4,968,330 
4,954,386 
1,333,331 

6,190,644 
12,305,138 
310,946 
13,486,365 
2,242,368 
5,696,934 

2,803,432 

900,202 

249,879 

61,837,310 



510,515,297 



36,720,838 

36,328,435 

437,736 



16,823,241 
37,711 



16,860,952 



19,859,886 



11,913,430 
1,350,041 



36,485,962 

36,096,631 

423,374 



16,645,457 
36,828 



11,831,629 
1,343,690 



(3' 



6,320,632 
1,106,760 

24,194 
2,694 
3,122 

86,835 

123,676 
12,886 
1,439 
44,959 
28,1(X 
23,477 
530 
41,833 



7,821,191 



4,826,347 

673,157 

153,334 

100,844 

71,866 

16,213 

79,938 

171,750 

2,813 

205,100 

116,262 

73,259 

36,827 

10, 371 

30,863 

1,017,366 



7,586,315 



234,376 

231,754 

13,922 



177,734 
883 



81,801 
6,351 



^The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for 
annual accounting periods ended Julj through Nove-tber 1954 and returns for part years which began in 1953. 
NOTE: See text for explanatory statements and for "Description of the Sample and Lijnitations of Data." 



446404 O -57 -4 



44 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH BALANCE SHEETS 



TftbU 4.— BALANCE SHEETS AND RELATED INCOME STATEMENTS. BY MAJOR INDUSTRIAL GROUP 



Number of returns with balance sheets. 



Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Governinent obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization. 

Less: Accuiuulated depreciation- 
Depletable assets 

Less: Accumulated depletion.... 

Land 

Intangible assets 

Other assets 



Total assets. 



Uabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less then 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid income 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits. — 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less aroortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other Interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporations 

Di-vidends , foreign corporations 

Other receipts 



Total compiled receipts. 



Deductions; 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property.. 

Repairs 

Bad debts , 

Interest paid 

Taxes paid 



Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans... 
Amounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets. 
Other deductions 



I Total compiled deducticms" 

Compiled net profit or net loss (46 leas 63). 

Net Income or deficit (6-4 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax* 



Total tax. 



Compiled net profit less total tax (64 less 69). 
Dividends paid: 

Cash and assets other than own etoclc 

Corporation's own stock 



Major Industrial group 



All 

industrial 

groups 



(1) 



Agriculture, forestry, and fishery 



Total 

agriculture, 

forestry, 

and 

fishery 



U) 



Farms and 
agricul- 
tural 
services 



(3) 



Forestry 



(■4) 



(5) 



Mining and quarrying 



Total 

mining and 

quarrying 



(6) 



8,70* 



Metal 
mining 



(7) 



Anthra- 
cite 
mining 



(8) 



Bituminous 
coal and 
lignite 
mining 



(9) 



Crude petro- 
leum and 
natural gas 
production 



(10) 



Nonmetallic 
mining and 
quarrying 



(11) 



2.001 



(Thouaand dollara) 



81,723,091 
161,0a;,027 

2,345,973 
62,9X3,531 

2,091,188 

17,760,801 

108,572,771 

5,075,020 

160,552,644 

266,933,819 
3,739,799 

89,534,620 
8,921,431 
3,772,010 

10,977,354 
1,651,196 

16,435,611 



805,300,082 



38,152,704 

23,238,607 

90,797.304 

1,270,064 

470,813 

19,373,489 

353,498,323 
15,632,163 
90,730,133 
12,926,842 

159.209.640 



5,300,082 



437.316,182 
84,162,134 



2,087,516 
96,037 
389,281 
8,928,323 
4,648,773 
557,550 
69,522 

1,884,670 

694,826 
2,308,749 

612,610 
3,245,086 



334,348.173 
49,877,515 
8,959,844 
4,968,330 
4,954,386 
1,333,831 
6,190,644 
12,305,138 

310,946 

13,466,365 

2,242,368 

5,696,934 

2,303,432 

900,202 

249,879 
61,887,310 



510,515,297 



36,485,962 

36,096,681 

423,874 



16,645,457 
36,828 



19,803,677 



11,831,629 
1,343,690 



191,478 

455,344 

3,366 

277,629 

24,113 

7,981 

111,039 

2,418 

254,986 

1,372,160 

3,585 

583,362 

101,445 

24.025 

381,288 

6,772 

48,135 



2,620,450 



291,729 

216,085 

333,791 

4,269 

3,275 

70.195 
139.433 

36,132 
834,208 

30,940 
660.393 



2,620.450 



1,744,650 
386,379 



2,257 

59 

157 

5,381 

18,660 

6,571 

234 

24,857 

2,268 
4,257 
3,784 
26,236 



1,358,564 
193,916 
56,016 
38,928 
38,665 
2,562 
20,596 
38,008 

1,120 
91,831 

2,942 
12,968 

3,514 

1,566 

2,821 
239,823 



2,103,840 



121,910 

121,753 

9,511 



64,997 
56 



65.053 



56,857 



49,253 
2,534 



176,743 

440,698 

3,354 

269,082 

23,216 

7,238 

104,994 

1,918 

242,154 

,318,176 

3,410 

560,990 

13,366 

4,074 

366,942 

6,757 

43,769 



278,420 

205,391 

303,149 

4,258 

3,258 

61,053 
130,002 

33,527 
764,386 

28,949 
630,832 



1,683.347 
369.331 



2,103 

59 

152 

5,132 

18,297 

5,493 

230 

16,547 

1,695 

3,887 

3,782 

25,611 



2,136,666 



1,310,132 
185,215 
53,121 
38,055 
37,058 
2,481 
19,161 
35,253 

1,103 
88.477 

2,088 
12,909 

3,499 

1,537 

2,764 
229,684 



2,022,537 



114,129 

113,977 

8,496 



12,437 

10,046 

3 

6,490 

359 

718 



15,742 

9.518 
88.079 
19,951 
12,999 

3,011 



1,353 
19,184 



7,791 
7,280 
2,387 

56,451 
1,796 

32,912 



134,779 



30,245 
2,561 



5 

199 

290 

78 

4 



257 

357 

2 

559 



42,838 



23,394 

450 

1,085 

43 

44 

23 

873 

1,950 

14 
663 
854 
1 
11 
13 



10,125 

10,120 

182 



61,256 
56 



61,312 



44,950 
2,534 



3,513 



6,612 
4,297 



2,298 

4,600 

9 

2,057 

538 

25 

2,000 

500 

2,507 

38,242 

175 

12,854 



1,347 

15 

1,355 



7,684 

9,341 

11,456 

11 

17 

1,351 

2,151 

216 

13,371 

195 

'3.351 



42.446 



31,058 
14.487 



316 
13 



46,246 



25,038 

6,251 

1,810 

830 

1,563 

58 

562 

805 

3 
2,691 



49 
6,852 



48,590 



32.344 

'2.344 

833 



228 



'2,572 
6 



1,059,241 

1,509,114 

13,026 

640,408 

106,935 

34,554 

778,235 

11,541 

1,396,228 

8,153,500 

107,421 

3,728,365 

2,962,429 

1,420,139 

166,335 

64,923 

256,863 



11,891,355 



813.572 

431,154 

1,713,453 

14,705 

6,217 

584,157 

373,260 

273,436 

2,289,300 

344,383 

5,047,718 



11,891,355 



6.269,004 
1,611,872 



11,182 
47 
750 
17,545 
26,117 
37,685 
2,437 

76,404 

8,053 
61,813 

1,869 
56,047 



3,809,795 

1,039,848 

107,968 

41,750 

122,256 

15,145 

72,624 

224,844 

4,802 
487,373 
635,820 

12,961 
113,049 

11.261 

9.294 
735.543 



7,444,333 



736,492 

735,742 

14,274 



423,696 
1,250 



735,674 
18,903 



251,548 

269,519 

1,409 

166,248 

36,463 

8,597 

414,589 

2,628 

511,512 

,532,996 

56,425 

584,884 

834,786 

499,935 

34,745 

8,540 

83,053 



3,014,573 



213,307 

21,383 

485,396 

1,599 

858 

176,000 

132,792 

53,096 

611,173 

63,550 

1,255,519 



3,014,673 



1,297.623 
59,614 



4,982 

18 

101 

7,771 

3,055 

3.741 

344 

8,414 

168 
19,956 

la 

4,413 



765,568 

43,539 

7,096 

1,520 

21,845 

3,127 

12,999 

59,937 

470 

67,996 

121,564 

339 

9,567 

1,104 

1,651 
88,295 



1,207.887 



202.434 

202,333 

1,284 



111,080 



26,653 

43,623 

1,539 

29,351 

574 

1,374 

25,630 
23 

131,544 

298,681 

162,950 

150,152 

90,565 

6,983 

55 

12,048 



463,825 



42,367 

6,881 

57,466 

83 

19 

13,502 

7,547 

18,310 

127,829 

34,771 

155,051 



453,825 



273.714 
61.935 



340 

14 

24 

574 

5,204 

1,190 

6 

2,930 

65 

11,957 

2 

5,248 



363,203 



237,779 
42,131 
3,263 
2,420 
5,633 
1,019 
1.657 
9,331 

92 
10,854 
4,476 
1,550 
7,923 
380 

352 
32,961 



158,041 

261,945 

1,997 

91,753 

21,579 

17,139 

126,310 
2,957 

221,238 

,444,792 

8,050 

703,043 

392,519 

159,555 

16,583 

995 

30,317 



1,913,613 



126,251 

84.426 

223.299 

2,618 

490 

51,580 

30,371 

70,917 

335,099 

69,298 

919.164 



1,913,613 



1,443,862 
142,446 



2,257 

9 

287 

2,351 

6,923 

1,047 

95 

19,645 

432 

7,759 

209 

10,291 



1,638,128 



361,836 



,367 
,343 

370 



1,858 
5 



151,480 
993 



7,445 



1,077,788 

115,524 

17,905 

6,503 

32,355 

1.356 

10,861 

38,838 

589 
84,858 
33.464 

1,339 
59,450 

5,155 

2,363 
115,566 



455,974 

774.600 

5.183 

257,210 

36.374 

4,705 

162,863 

3,212 

440,754 

3,953,680 

4,687 

1.648,895 

1,454,427 

623,246 

73,835 

51,999 

103,136 



5,295,829 



342,702 

271 , 379 

860,529 

0,470 

4,468 

299,749 

167.665 

107,379 

923,009 

107,453 

2,204,986 



5,295,829 



2,175,425 
1,278,294 



2,776 

3 

159 

5,639 

7,781 
28,379 

1,951 

41,217 

7,309 
21,139 

1,537 
28,878 



3,600,487 



1,090,132 
796,426 
49,415 
22,686 
27,190 
7,604 
41,519 
86,134 

2,621 
256,058 
405,086 

5,746 
22,785 

2,722 

4,396 
375,690 



164,925 
159,427 

2,898 
95,846 

9,745 

2.739 

46,323 
2,7a 
91,080 

923,351 

38,259 

408.583 

140,543 

46.827 

29,138 

3,334 

28,309 



88,945 

47,065 
66,763 
3,935 
362 
43,226 
34.665 
23.734 

292,190 
69,311 

512,998 



.078.380 
69 . 583 



827 

3 

179 

710 

3,149 

3,328 

41 

4,198 



79 
992 



16,584 

16,297 

1,260 



15,775 



35,444 
1,352 



401,265 

401,106 

9,302 



235,753 
1,171 



494,701 
11,235 



637,523 

40,226 

30,284 

6,521 

35,233 

2,039 

5.588 

30.504 

1.030 
67.597 
65.128 
3,437 
3,194 
1,900 

522 

123,011 



1,053,844 



114,842 

114,663 

2,058 



55,553 



46,603 
5,273 



Ste footnotes at end of table. See text for explanatory stetements and fop -^'Deacriptlon of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



46 



RETURNS WITH BALANCE SHEETS 



TBbU 4.— BALANCE SHKETS AND RELATED INCOME STATEMENTS. BY MAJOR INDUSTRIAL GROUP— Continuod 



Number of returns with balance sheets. 



Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, GoverniDent obligations: 

States, Territories, and United States 
posaesaiona. 

Unl ted States obligations 

Not stated 

Other InvestiDents 



Depreciable assets 

Less: Accumulated amortization. 

Less: Accumulated depreciation. 
Depletsble assets 

Less: Accumulated depletion.... 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Ifcturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid income ^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Stilus reserves 

Surplus and undivided profits.,.. 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium); 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other Interest 

Rents 

Royalties 

Net ahort-tenn capital gain reduced by net 

long-term capital loss. 
Net long-tern capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled receipts. 



Deductions : 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans... 
Amoxmts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets. 
Other deductions 



Total compiled deductions 

Compiled net profit or net loss ("16 less 63). 

Net Income or deficit (6^ leas 36) 

Net operating loss deduction 



Construction 



Itejor industrial group — Continued 



Income tax 

Excess profits tax * 

Total tax 

Compiled net profit less total tax (6A less 69). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(12) 



33.700 



Uanufac luring 



Total 
manufacturing 



(13) 



Beverages 



(K) 



Food and 
kindred 
products 



(15) 



Tobacco 
manufactures 



Textile-mill 
products 



(16) 



(17) 



5,111 



Apparel and 

products 

made from 

fabrics 



(16) 



13,076 



Lumber 
and wood 

products, 
except 

furniture 



(19) 



Furniture 

and 
fixtures 



(20) 



Paper and 

allied 
products 



(21) 



(Thouannd dollmra) 



1,074,456 
3,717,256 

22,982 
886,226 

37,543 

16,041 

134,240 

13,114 

625,271 

2,437,245 
16,301 
1,150,986 
38,007 
11,770 
128,694 
12,845 
335,272 



8,254,171 



659,067 

630,589 

22,424 

52,963 

330,583 

,533,252 

128,066 

,087,584 

75,712 

1,090,795 



058,999 
882,863 



2,392 

30 

454 

8,567 

39,961 

2,857 

578 

37,856 

4,598 

16,125 

3,186 

156,357 



15,745,280 

28,420,911 

653,849 

39,872,109 

1,081,647 

342,087 

11,203,676 

390,684 

16,793,232 

107,925,643 
2,325,409 
46,101,753 
4,552,680 
1,875,522 
2,439,460 
748,417 
3,331,408 



181,890,701 



16,037,346 

6,220,135 

21,547,364 

650,607 

143,122 

10,361,691 

7,672,316 

5,733,611 
33,785,833 

5,322,066 
73.411,610 



181,890,701 



17,214,823 



2,492,681 
11,821,986 
537,615 
60.474 
71,512 
18,754 
48,575 
180,336 

8,514 
290,948 

4,844 
38,405 
26,968 
20,192 

2,646 
1,107,825 



16,732,275 



482,548 

482,094 

29.224 



251.778 
476 



74,599 
X,941 



256,699,367 
4,514,731 



192,111 

1,501 

9,472 

207,130 

403,137 

236,767 

6,928 

510.219 

18.206 
836.901 
452,066 
877,551 



397,820 

562,242 

10,173 

1,108,390 

30,345 

8,496 

144,553 

55,096 

262,829 

2,111,571 

1,743 

791 , 539 

5,051 

221 

75,298 

21.599 

118,130 



4,097,844 



350,410 

151,620 

532,968 

7,923 

8,146 

180,328 

220,596 

138,119 

477,382 

52,298 

1,828,054 



4,097,844 



1,224,206 

1,960,527 

39,906 

3,340,541 

121,067 

17,336 

487,485 
73,576 
926,571 

7,522,621 

9,094 

3,303,155 

12,858 

4,980 

285,175 

66,205 

247,790 



12,928,923 



1,113,749 

862,214 

1,379,530 

32,093 

4,196 

663,391 

408,232 

734,411 

2,596,353 

438.341 

4,691,353 



12,928,923 



190,020,942 
2,455,390 
3,141,552 
1,265.416 
3,871.918 
224.958 
1,081,753 
6,387,302 

173,557 
6.392,487 
1,437,247 
3,319.956 
1,764,695 

615,178 

129,805 
24.480.323 



246,772,579 



18,193,508 

18,134,036 

158,189 



9,355,073 
30,172 



9,385.245 



5,817,610 
929,633 



7,293,027 
18,656 



2,360 

104 

475 

7,276 

5.511 

2,706 

107 

5.734 

679 

3,090 

943 

22,292 



4,646,732 

7,457 
54,479 
13,478 
49,858 

7,525 

30,805 

1,040,459 

4,139 

121, 7M 

847 

314,274 

21,485 

10,337 

12,636 

679 , 880 



7,021,171 



36,211,902 
124,140 



7,926 
40 
941 

15,004 

24,130 

8,174 

311 

25,299 

1,936 
15,731 
30,325 
86,345 



117,965 

533,548 

3,051 

1,925,229 

11,995 

1,441 

11,749 

719 

62,884 

355,424 

124 

154,055 



10,826 

7,622 

18,953 



87,865 

399,726 

639,044 

1.872 

8 

200,501 

11,503 
222.837 
501,391 

62,111 
768,872 



2,896,230 



687,081 

1,414,498 

22,803 

2,325,268 

34,958 

31,818 

289,945 
20,567 
653,621 

5,193,987 

15,356 

2,239,074 

3,766 

860 

74,411 

12,448 

148,732 



8.623,017 



660.401 

529.525 
735,935 
21,973 
642 
320,029 
171 , 326 
458,911 

1,636,715 
203,831 

3,882,729 



8,623.017 



36,553,205 



29,761,432 
37,686 
241,074 
114,921 
295,423 
23 , 575 
102,754 
370,850 

12,420 

423,289 

1,700 

654,518 

93,012 

53,328 

5,244 

3,143,323 



341,799 

341,324 

4.256 



:.217 
eoi 



120.709 
10.591 



35.340.549 



1,212,656 

1,211,715 

21,518 



633,921 
3,535 



152,981- ■ 575,199 



354,272 
39,103 



3,640,733 
2,161 



207 

1 

54 

702 

1,216 

141 

22 

863 

3 

1,354 

532 

2,852 



3,650,841 



2,019,751 

903 

9,500 

2,342 

5,030 

1,163 

29,460 

950,409 

395 

15,523 

148,273 
3,855 
2,569 

75 
128,212 



315,679 

315,625 

33 



11.401,214 
134,751 



5,723 
150 
656 

9,697 
19,113 

4,558 
907 

19,542 

2,248 

9,359 

2,350 

47.903 



420,130 
950,333 

19,220 
1,229,241 

14,569 

2,472 

45,632 

7,386 

194,532 

750,275 
2,370 
349,434 
1,630 
518 
24,479 
9,227 
91,950 



3.359,864 



539,114 

305.791 

192,053 

5,670 

738 

174,350 

132,235 

164,845 

711,592 

31.331 

1,011,045 



346,322 
545,540 

11,601 
805,392 

30,541 

4,883 

190,849 
10.914 
250.430 

1,350,290 

5,048 

862,626 

392,974 

37,252 

86,180 

3,529 

92,392 



3,704,799 



277,843 

211,421 

251,833 

7,321 

8,357 

164,413 

126,776 

76,698 

850,450 

59,885 

1.669,796 



3.359.864 3,704.799 



8.520,530 
255,036 



947 



9,447.117 
110,375 
153,054 
49,089 
114,542 
9,649 
54,277 
184,541 

7,791 
252,514 
282 
81,869 
36,183 
19,435 

19,085 
844,574 



11,394,378 



313,808 
313,152 
10,975 



223,575 

411 



223,986 



101,345 
459 



89,822 



141,251 
15,213 



42 

2,355 

5,730 

7,163 

317 

4,630 

310 

1,512 

198 

25,083 



,823,872 



6,831,415 
196,993 
252,174 
84,655 
17,824 
10,182 
26,772 
107,250 

5,269 
56,149 
126 
84.231 
20.201 
14,150 

2,603 
955,874 



146,989 

146,947 

10, OX 



133,236 

412,892 

10,644 

499,522 

9,323 

1,934 

71,346 
5,274 

93,806 

713,000 
2,091 
313,549 
9,485 
2,486 
26,839 
3,743 
38,096 



202,955 

100,260 

116,759 

6,516 

437 

103,315 
73,795 
54,358 

374,003 
26,133 

687,195 



988,500 
70,733 



2,903 

15 

171 

4,321 

10,291 

2,724 

407 

149,518 

2,422 

5,283 

31 

37.928 



.874,602 
45,821 
98,942 
17,696 
45,330 
7,784 
21,715 
89.253 

2.808 
131.732 
141,326 
20,305 
9,228 
4,664 

2,093 
436,249 



325.799 

325,528 

6,421 



90,387 
231 



30,910 
7,655 



136,120 
153 



3,378,296 
7,531 



1,274 

10 

34 

2,259 

2,735 

445 

86 

4,798 

283 

1,045 

1,553 

20,587 



593,760 
727,402 

18,363 
983,340 

37,080 

13,402 

528,035 

7,612' 
875,975 

4,958,480 
23,955 
1,949,132 
238,285 
46.522 
94,025 
4,511 
164.227 



7,184.262 



134 
996 

17 

410 
210 
330 

1,253 
198 

3.273 



650 
448 
113 
907 
257 
,997 
.757 
,732 
140 
,057 



7,184,252 



2,539,244 
2,412 
95,862 
29,003 
21,093 
6,197 
10,513 
50,129 

2.997 

45.244 

151 

44,432 

10,922 

6,072 

322 

408.143 



3,274.241 



146.716 

146.682 

3.673 



85,244 
178 



85,422 



82,193 
7,752 



61,294 



31,935 
5,371 



8,276,561 
19,137 



12,207 

149 

680 

8,734 

9,086 

4,286 

166 

37,092 

607 

14,121 

5,659 

36,118 



3,424,653 



,780,513 

9,653 

109,124 

37,233 

197,525 

6,859 

39,676 

135,454 

9,473 
250,859 
11,333 
47,875 
57,525 
14,436 

1,582 
837.437 



7,547.667 



376,986 

376,306 

2,239 



444,629 
584 



445.213 



431,773 



228,5891 

71,543! 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sajople and Lijnitations of Data. 



46 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH BALANCE SHEETS 



Table 4.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— ConUnued 



Major industrial group — Continued 



Manufacturing — Continued 



Printing, 
publishing, 
and allied 
industries 



Chemicals 

and allied 

products 



Petroleum 
and coal 
products 



Rubber 
products 



Leather 

and 
products 



Stone, 

clay, 

and glass 

products 



Primary 

metal 

industries 



Fabricated 
metal prod- 
ucts, except 
ordnance, 
machinery, 
and trans- 
portation 
equipment 



Machinery, 

except 
transpor- 
tation 
equipment 

and 
electrical 



Electrical 

machinery 

and 

equipment 



(22) 



(23) 



(24) 



(25) 



(26) 



(27) 



(28) 



(29) 



(30) 



(31) 



Number of returns with balance sheets. 



Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization., 
Less: Accumulated depreciation., 

Depletable assets 

Less: Accumulated depletion. 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid Income^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits.... 



Total liabilities. 



Receipts: 

Gross sa les 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Met long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property. . 

Repairs , 

Bad debts 

Interest paid 

Taxes paid 



Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans... 
Amounts contributed under other employee 
benefit plans. 

Net loss, sales other than capital assets. 
Other deductions 



Total complied deductions 

Compiled net profit or net loss (46 less 63). 

Net income or deficit (64 leas 36) 

Net operating loss deduction 



Income tax 

Excess profits tax \ 

Total tax 

Compiled net profit lees total tax (64 less 69), 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



f Thousand dolia\ 



745,500 
1,119,692 

40,444 
690, 33* 

46,252 

31,136 

277,221 
26,225 
693,822 

2,759,358 

8,097 

1,154,886 

9,080 

4,930 

134,124 

246,879 

235,712 



5,806,978 



558,306 

221,229 
448,332 
23,848 
45,612 
354,438 
410,249 
293, 105 
923,544 
183,934 
',344,381 



5,306,978 



7,991,690 
603,139 



6,557 

105 

437 

4,561 

18,735 

16,215 

1,071 

15,661 

2,866 
23,024 

5,069 
75,776 



5,608,698 
331,217 
290,634 
89,161 
40,842 
25,1(» 
28,478 
122,072 

9,894 
145,339 
167 
49,979 
51,013 
13,639 

4,866 
1,383,397 



570,401 

569,964 

7,631 



286,975 
785 



287,760 



282,641 



140,132 
21,512 



1,417,016 

1,983,420 

51,376 

2,918,965 

S2 , 170 

25,315 

1,406,952 

7,596 

1,942,800 

11,037,962 

445,951 

4,318,764 

138,643 

58,970 

204,999 

88,485 

249,321 



16,628,583 



1,006,002 

321,508 
2,480,634 

132,732 

1,970 

1,195,367 

506,778 

890,291 
2,675,289 

341,326 
7,076,686 



16,628,583 



18,406,425 
70,432 



24,226 

53 

646 

18,560 

18,420 

53,078 

365 

28,055 

482 

136,495 

53,344 

67,532 



11,590,717 
17,954 

237,424 
74,116 

347,052 
15,721 

1(K,210 

233,381 

12,523 
763,564 

55,636 
591,892 
177,727 

39,539 

4,962 
2,398,542 



2,213,153 

2,212,507 

10,438 



1,095,922 
1,138 



1,116,093 



818,306 
26,113 



1,641,375 
3,332,716 

175,576 
2,599,989 

242,683 

29,222 

1,8m, 097 

2,996 

4,994,233 

22,737,313 

277,892 

10,586,540 

2,737,351 

1,182,311 

496,090 

75,248 

336,887 



28,812,881 



2,596,656 

268,127 

4,121,923 

69,129 

40,947 

755,463 

374,720 

376,291 

7,687,862 

844,525 

11,677,238 



28,812,881 



25,535,623 

878,481 



27,294 

49 

1,480 

32,498 

150,494 

40,714 

397 

M,195 

821 
438,583 
134,335 

68,410 



19,381,008 
464,027 
43,928 
223,736 
401,896 
13,199 
126,804 
605,463 

11,917 

947,802 

1,064,213 

129,953 

231,063 

65,336 

7,118 
2,060,587 



1,594,724 
1,593,244 

2,108 



633,701 
130 



960,893 



1,027,662 
410,740 



203,268 

751,471 

15,557 

824,465 

8,575 

742 

132,331 

5CK 

181,428 

1,598,046 

23,046 

792,234 

726 

374 

17,763 

3,147 

19,633 



2,912,388 



274,902 

62,824 

592,239 

2,406 

540 

193,647 

114,946 

115,214 

342,552 

95,910 

1,117,208 



2,912,388 



4,490,027 
31,659 



3,344 
4 
11 

3,460 
4,891 
1,592 



2,004 

110 
14,572 
24,365 
10,723 



3,261,422 
13,391 
29,343 
24,184 
71,877 
7,786 
21,938 
134,209 

1,435 

97,614 

217 

54,070 

26,473 

9,792 

770 
534,971 



297,228 

297,217 

1,285 



152,395 
156 



84,608 
2,726 



153,086 
370,421 

7,538 
513,062 

6,113 

2,414 

33,941 

2,570 

153,333 

429,751 
992 

214,644 

573 

224 

14,142 

3,377 

28,668 



178,348 

106,199 

112,245 
3,267 
54 
30,975 
38,251 
63,731 

236,941 
65,529 

546,963 



1,433,053 



3,016,153 
4,970 



679 

3 

49 

1,CB9 

2,848 

364 

35 

1,102 

32 

999 

34 

12,655 



2,411,467 
2,628 

63,171 
20,078 
16,297 
3,009 
10,836 
45,069 

2,434 
25,712 
47 
35,844 
9,150 
6,601 

673 
276,884 



111,127 

111,078 

3,964 



59,859 
314 



28,895 
2,885 



570,252 
763,445 

19,871 
862,025 

50,018 

14,797 

423,018 

51,473 

450,685 

3,637,532 
60,312 

1,522,974 
110,630 
40,605 
84,170 
13,867 
63,150 



5,456,300 



345,059 

117,707 
498, 362 
24,145 
2,721 
364,211 
160,715 
152,910 

1,224, 3X 
175,008 

2,390,623 



5,456,300 



6,434,287 
33,149 



7,993 
41 

434 
3,970 
6,723 
6,957 

164 

11,421 

569 
12,558 
19,874 
25,520 



,222,954 
16,897 
105,723 
26,412 
165,664 
7,320 
23,136 
112,791 

6,396 

223,101 
53,355 
51,180 
50,223 
14,121 

5,084 
733, 329 



790,969 

790,535 

4,790 



403,926 

400 



216,043 
44,024 



1,405,702 

1,744,615 

39,361 

3,192,549 

132,036 

27,365 

1,261,690 

10,663 
1,054,736 

15,956,929 

953,635 
6,320,717 
337,494 
477,525 
194,910 
18,314 
240,584 



17,731,799 



1,213,089 

303,140 

3,100,754 

35,938 

1,345 

1,032,927 

498,409 

351,423 
3,237,015 

371,796 
7,071,963 



17,781,799 



19,061,664 
476,923 



19,925 

95 

408 

18,504 

41,970 

8,558 

558 

22,660 

401 

36,885 

7,446 

43,383 



13,722,261 
243,039 
140,341 
30,747 
951,642 
6,313 
137,523 
371,582 

15,047 
1,053,815 
93,383 
67,791 
252,107 
69,166 

12,243 
1,014,136 



1,508,439 

1,508,031 

3,862 



804,724 
1,356 



455, X2 
34,554 



931,434 

1,454,940 

31,950 

2,265,517 

43,323 

13,621 

286,327 

16,599 

462,094 

4,120,205 

40,670 

1,714,133 

14,897 

2,321 

137,690 

18,804 

173,610 



8,149,487 



699,135 

393,402 
590,683 
38,906 
5,560 
438,354 
387,818 
269,826 

1,579,945 
136,823 

3,604,035 



8,149,487 



13,452,320 
90,824 



5,440 
105 
975 

5,452 
13,334 

4,363 
232 

23,954 

474 
12,278 
21,207 
61,837 



9,949,212 
52,353 

321,500 
71,627 

138,264 
16,193 
46,712 

203,625 

10, 326 
263,152 
269 
143,216 
73,515 
39,128 

7,737 
1,423,566 



877,400 

876,425 

6.978 



462,550 
1,855 



219,934 
23,434 



1,756,602 
2,905,327 

61,194 
4,689,372 

52,613 

20,709 

831,446 

63,584 

1,122,245 

7,309,967 

203,361 

2,981,347 

13,849 

5,172 

185,166 

30,631 

283,742 



16,018,734 



1,300,436 

429,277 

1,796,211 

69,815 

12,336 

961,249 

687,664 

546,437 

3,124,461 

530,973 

6,559,825 



16,018,734 



20,538,030 
521,937 



14,427 

119 

552 

20,631 

29,375 

31,607 

549 

24,550 

941 
27,058 
35,585 
83,646 



14,442,249 
72,830 
368,980 
103,944 
301,960 
22,847 
96,966 
359,569 

20,996 

532,477 

4,283 

232,128 

176,744 

59,704 

10,361 
2,773,372 



1,749,597 

1,749,045 

3,889 



923,571 
4,531 



933,152 



430,341 
63,301 



762,760 
1,922,978 

29,539 
2,610,292 

31,214 

63,727 

750,496 

5,157 

900,124 

3,317,425 

86,821 

1,148,085 

3,326 

1,704 

63,313 

10,786 

172,187 



9,352,591 



583, 

1,027, 

43; 

1 

781, 

372, 

226, 

1,486, 

304, 

3,386, 



14,094,017 
68,066 



9,074 

150 

894 

13,539 

12,043 

17,756 

?36 

19,770 

254 
22,549 
18,819 
48,886 



14,326,613 



10,230,323 
40,074- 

138,372 
62,907 

153,547 
13,677 
54,626 

311,065 

13,553 

275,478 

77 

242,381 

122,010 

41,276 

6,203 
1,510,614 



1,129,925 

1,129,031 

11.582 



590,158 
3,092 



593,250 



327,464 
13,188 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



47 



RETURNS WITH BALANCE SHEETS 



T.ble 4.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continu*d 



Major industrial group — Continued 



Uanfacturln^ — Continued 



Transpor- 
tation 

equipment, 
except 
motor 

vehicles 



Itotor 

vehicles and 

equipment , 

ejccept 
electrical 



Ordnance 

and 

accessories 



Scientific 

instruments; 

photographic 

equipment ; 

watches, 

clocks 



Other 

manufac- 
turing 



Public utlUties, 



Total public 
utilities 



Transpor- 
tation 



Communi- 
cation 



Electric 

and gas 

utilities 



Other 
public 



(32) 



(33) 



(3^) 



(35) 



(36) 



(37) 



(38) 



(39) 



(40) 



(■il) 



Number of returns with balance sheets 

Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments , Government obligations : 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 

Depreciable assets 

Less: Accumulated amortization 

Less : Accumulated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intan^ble assets 

Other assets 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^ 

Prepaid income ^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common 

Surplus reserves 

Surplus and undivided profits 

Total liabilities 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less aroortlzable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.... 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans 

Anounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets.... 
Other deductions 

Total compiled deductions 

Compiled net profit or net loss ("16 less 63J . . . 

Net income or deficit (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax* 

Total tax 

Compiled net profit less total tax (6<4 less 69) 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



1,970 



10,237 



19,721 



3,455 



1,069 



1,822 



(Ihou^mtd dollars) 



638,257 

2,057,494 

5,072 

2,126,125 

27,685 

3,622 

210,473 

1,844 

142,814 

1,928,481 

31,778 

919,994 

859 

339 

55,811 

3,232 

76,372 



6,315,886 



1,008,672 

263,567 

645,022 

32,403 

5,475 

394,812 

1,254,987 

96,310 

604,090 

155,580 

1,854,968 



6,315,886 



10,013,028 
924,047 



1,943 

5 

99 

7,796 

4,902 

12,870 

147 

5,992 

517 

5,087 

4,279 

25,525 



11,006,237 



:, 227, 252 

721,665 

51,939 

38,510 

144,843 

2,491 

32,574 

161,283 

6,621 
138,405 
39 
25,601 
67,859 
29,657 

3,045 
538,053 



816,400 
816,301 

22,102 



415,673 
8,941 



158,245 
51,905 



914,501 

1,565,258 

11,177 

2,433,325 

31,213 

4,104 

1,684,753 

896 

1,037,300 

6,967,751 

70,869 

2,803,838 

5,737 

3,159 

96,641 

88,261 

409,371 



12,400,068 



1,457,317 

81,791 

717,625 

23,500 

1,214 

1,070,913 

1,155,102 

412,287 

1,032,766 

911,589 

5,535,964 



12,400,068 



19,969,549 
6,046 



32,605 

229 

125 

19,692 

9,866 

5,442 

93 

25,972 

196 
47,258 
75,629 
34,799 



20,227,501 



15,169,684 

887 

61,761 

20,842 

259,592 

4,293 

40,136 

603,915 

7,866 

436,486 

577 

120,893 

196,985 

67,607 

18,801 
1,069,209 



18,079,534 



2,147,967 
2,147,842 

2,357 



1,171,780 
594 



1,172,374 



659,304 
3,585 



25,677 

26,4«3 

437 

63,009 

1,822 

2,051 

16,798 

2,035 

11,638 

89,379 

3,603 

39,417 



3,151 

55 

3,245 



201,886 



8,262 

11,494 

422 

22,370 
12,940 

9,526 
28,126 

3,643 
83,694 



201,886 



339,742 
28,746 



77 
174 
249 

61 



176 

46 

1,155 



370,876 



251,975 
21,492 
4,410 
1,346 
3,637 
68 
1,505 
6,002 

419 
6,629 

318 
3,019 
3,393 

684 

55 
33,175 



32,749 

32,672 

3,579 



17,444 



15,305 



7,419 
187 



234,571 
566,918 

10,080 
826,127 

14,157 

4,191 

216,815 

1,626 

139,635 

1,158,392 

31,365 

501,065 

5,714 

2,996 

28,173 

7,974 

31,773 



2,690,560 



189,002 

112,971 
225,236 

21,388 

1,206 

234,720 

205,869 

57,678 

484,028 

74,245 

1,084,217 



2,690,560 



3,772,311 
26,276 



3,089 

U 

23 

2,960 

3,229 

3,931 

71 

4,603 

224 
4,028 
7,446 
13,805 



2,468,206 
8,426 
64,077 
22,891 
48,262 
3,205 
16,191 
80,135 

4,072 
82,363 
209 
78,177 
41,863 
21,828 

892 
489,341 



3,430,138 



411,872 

411,849 

2,110 



216,035 
580 



93,646 
58,329 



368,709 
742,551 

13,866 
990,030 

21,380 

12,289 

92,174 

9,772 

174,497 

1,406,504 

11,186 

610,401 

9,752 

1,543 

46,079 

9,723 

81,878 



3,323,842 



374,230 

246,431 

233,771 

18,417 

4,011 

208,763 

136,125 

126,075 

655,684 

54,686 

1,265,649 



3,323,842 



5,823,738 
67,771 



1,631 
47 

209 
2,865 
8,246 
3,061 

118 

12,387 

1,781 

3,856 

2,986 

24,791 



5,953,487 



4,182,208 
47,155 
195,735 
51,443 
47,918 
10,793 
24,091 
97,796 

4,165 
101,410 
3,692 
93,055 
22,058 
11,548 

2,840 
796,455 



5,692,362 



261,125 

260,916 

7,268 



148,608 
450 



149,058 



53,504 
9,913 



3,657,637 

3,535,764 

41,011 

2,467,958 

309,788 

30,276 

2,687,840 

96,418 

5,752,473 

100,844,347 

978,734 

23,038,433 

174,936 

81,342 

613,858 

123,785 

2,531,574 



98,637,129 



3,151,122 

1,108,437 

36,555,557 

259,236 

21,047 

3,887,004 

3,462,151 

4,843,859 

23,966,516 

1,175,945 

20,206,255 



98,637,129 



2,247,720 
38,658,220 



41,299 

1,113 

924 

106,160 

444,565 

27,364 

3,568 

111,810 

20,753 
131,773 

14,000 
228,591 



1,726,368 

23,521,923 

341,263 

975,933 

94,148 

46,677 

1,300,646 

2,436,835 

21,362 
3,475,383 

67,117 
145,856 
427,425 
114,671 

15,235 
2,352,831 



37,614,133 



4,423,682 

4,422,758 
31,003 



2,295,206 
519 



2,056,624 
41,120 



2,150,852 

1,904,133 

10,745 

913,197 

110,408 

23,891 

1,289,668 

91,916 

3,736,535 

40,116,311 

838,229 

10,264,280 

72,426 

33,463 

302,293 

74,151 

1,346,225 



41,030,289 



2,010,344 

437,312 

12,816,742 

54,166 

15,154 

1,176,558 

1,993,713 

1,074,178 

8,978,414 

467,728 

12,005,980 



41,030,289 



321,099 
20,745,328 



24,992 

404 

549 

60,987 

381,534 

16,377 

2,374 

84,548 

17,815 

85 ,073 

2,678 

113,536 



200,076 

14,696,675 

252,359 

317,651 

48,289 

9,592 

485,610 

1,106,360 

7,493 
1,594,192 
26,248 
83,869 
73,337 
31,528 

9,151 
1,417,103 



20,859,533 



998,261 
997,712 
20,031 



551,936 
139 



552,075 



446,186 



497,235 
12,268 



314,088 
484,948 
6,298 
527,302 
124,835 

1,340 

1,057,560 

2,836 

471,514 

17,690,273 

12,950 

4,687,129 

9,467 

3,310 

40,542 

30,736 

498,137 



16,544,391 



349,363 

105,009 

5,023,249 

4,030 

2,845 

1,034,660 

736,282 

233,435 

6,154,992 

27,485 

2,373,041 



16,544,391 



1,769,454 
6,646,550 



10,659 

691 

103 

11,118 

40,874 

8,450 

1,097 

9,719 

2,331 

28,767 

2,293 

7,587 



8,539,693 



1,210,672 
32,809 
102,355 
38,965 
21,413 
177,574 
477,554 

5,106 

595,833 

41 

37,010 

218,169 

50,034 

1,035 
839,625 



1,312,818 

1,312,715 

1,637 



674,311 
310 



509,074 
6,992 



1,145,616 
1,112,626 

23,051 
1,011,317 

71,044 

3,185 

331,561 

1,434 

1,366,514 

41,764,187 

120,850 

7,906,033 

89,650 

33,396 

240,761 

15,241 

656,737 



39,721,543 



747,757 

488,456 

18,147,529 

199,733 

2,141 
1,636,852 

662,007 
3,442,257 
8,582,397 

670,872 
5,141,042 



39,721,543 



149,268 
11,028,591 



5,520 

16 

206 

33,345 

21,719 

2,466 

93 

16,467 

411 

16,132 

9,029 

105,223 



103,196 

5,517,254 

49,475 

54,759 

5,268 

15,283 

615,111 

873,662 

9,094 
1,260,350 
40,785 
24,623 
133,624 
32,813 

4,952 

571,547 



2,071,690 

2,071,484 

8,682 



1,048,957 
55 



1,034,759 
20,592 



47,081 

34,057 

917 

15,142 

3,501 

1,860 

9,051 

232 

127,910 

1,273,576 

6,705 

230,996 

3,393 

673 

30,262 

3,657 

30, 475 r 



1,340,906 



43,658 

77,660 
568,037 

1,307 

907 

38,934 

70,149 

93,989 

250,213 

9,360 

186,192^ 



1,340,906 



7,899 
237,251 



128 
2 

66 
710 
438 

71 



201 
1,801 



4,476 

97,327 

6,620 

1,173 

1,626 

384 

22,351 

24,259 

169 
24,953 
43 
354 
2,295 
296 

97 
24,556. 



40,913 

40,347 

653, 



19,502 
15 



15,556 

1,268 



Se^ footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data 



48 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



RETURNS WITH BALANCE SHEETS 



T*bU 4.— BALANCE SHEETS AND RELATED INCOME STATEMENTS. BY MAJOR INDUSTRIAL GROUP— Cootinuttd 



Major industrial group — Continued 



Trade 



Total trade 



Total 
idiolesale 



Coranilsslon 
merchants 



Other 
lAolesalers 



Total 
retail 



General 
merchandise 



Apparel 

and 

accessories 



Furniture 

and house- 
fumishlngs 



Automotive 

dealers and 

filling 

stations 



number of returns with balance sheets , 

Assets: 

Cash < 

Notes and accounts receivable , 

Less: Reserve for bad debts , 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 
States, Territories, and United States 
possessions. 

United States obligations , 

Not stated 

Other investments 

Depreciable assets 

Less: Accumulated amortization 

Less : Accumulated depreciation , 

Depletsble assets 

Less: Accumulated depletion , 

Land 

Intangible assets 

Other assets 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses ^ 

Prepaid income^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common 

Surplus reserves , 

Surplus and undivided profits 

Total liabilities , 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less araortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Roya Ities 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 
short-term capital loss. 
Net gain, sales other than capital assets.... 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts ^ 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets.,.. 
Other deductions 

Total compiled deductions 

Conrpiled net profit or net loss (46 less 63)... 

Net Income or deficit (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax^ 

Total tax 

Compiled net profit lees total tax (64 less 69) 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(«) 



(•43) 



(ii) 



(«) 



(46) 



(-47) 



(48) 



(49) 



(50) 



(51) 



222,801 



73,884 



10,091 



63,793 



128,958 



9,582 



7,055 



17,545 



12,427 



23,937 



^ TTwua.nd dollar a) 



6,316,954 
17,105,339 

511,338 
18,138,316 

319,782 

63,051 

1,237,658 

80,028 

4,270,084 

15,609,909 

103,946 

6,464,4i0 

202,994 

84,654 

1,372,393 

162,899 

1,416,770 



59,131,799 



10,274,684 

5,126,936 

4,972,978 

152,028 

58,128 

2,44^,972 

2,332,451 

1,730,893 

11,125,049 

866,687 

20,046,993 



59,131,799 



165,463,470 
2,883,911 



22,872 

219 

1,967 

162,236 

281,353 

33,302 

5,301 

140,077 

14,638 

110,394 

78,993 

1,390,153 



170,588,886 



133,843,914 

1,437,664 

2,815,647 

1,788,688 

391,464 

320,557 

449,091 

1,477,492 

53,072 
1,224,645 

17,415 

1,716,890 

232,041 

69,994 

22,999 
21,097,941 



3,629,372 

3,627,405 

79,210 



1,865,155 
2,272 



1,867,427 



1,761,945 



908,724 
123,496 



2,633,483 
9,017,672 

190,896 
8,342,120 

101,893 

34,744 

502,356 

40,190 

2,4^1,566 

4,895,101 

38,246 

1,971,696 

158,230 

66,793 

358,627 

52,529 

623,022 



26,933,902 



5,770,413 

2,913,480 

2,284,265 
59,132 
22,720 
893,601 
978,499 
659,949 

4,510,613 
34i,447 

8,396,783 



26,933,902 



79,288,106 
2,011,248 



10,206 

114 

614 

64,826 

80,749 

28,733 

2,616 

61,233 

5,899 
75,084 
69,348 
519,618 



82,218,394 



68,769,600 
1,065,132 
1,227,420 
355,812 
121,078 
122,206 
214,677 
576,090 

20,192 
411,956 

13,958 
425,258 

84,736 

25,603 

6,836 
7,262,632 



80,703,186 



1,515,208 

1,514,594 

36,333 



747,060 
1,124 



748,184 



352,368 
56,064 



289,153 

804,401 

12,072 

177,407 

5,372 

840 

64,216 

2,964 

228,129 

216,499 
1,033 

83,269 

20,957 
3,893 

14,163 
7,770 

59,749 



479,135 

206,605 

125,759 
8,085 
5,706 
55,830 
60,984 
37,870 

298,490 
17,920 

494,969 



1,791,353 



3,311,172 
816,738 



1,324 



28 

8,062 

5,703 

2,164 

296 

3,358 

201 

7,532 

78 

65,850 



4,222,506 



3,062,423 
294,217 
134,834 
26,442 
4,083 
7,228 
10,820 
19,069 

1,174 

20,039 

584 

22,242 

7,802 

1,397 

955 

516, 16j 



93,028 
93,000 
4,143 



43,267 



43,346 



49,682 



18,443 
2,721 



2,34i,330 

8,213,271 

178,824 

8,164,713 

96,521 

33,904 

438,140 

37,226 

2,213,437 

4,678,602 
37,213 
1,888,427 
137,273 
62,900 
344,464 
44,759 
563,273 



25,142,549 



5,291,278 

2,706,875 

2,158,506 

51,047 

17,014 

337,771 

917,515 

622,079 

4,312,123 
326,527 

7,901,814 



25,142,549 



75,976,934 
1,194,510 



8,882 

114 

586 

56,764 

75,046 

26,569 

2,320 

57,875 

5,698 
67,552 
69,270 

453,768 



77,995,8 



65,707,177 
770,915 
1,092,586 
329,370 
116,995 
114,978 
203,857 
557,021 

19,018 
391,917 

13,374 
403,016 

76,934 

24,206 

5,881 
6,746,463 



1,422,180 

1,421,594 

32,190 



703,793 
1,045 



704,838 



333,925 
53,343 



3,341,135 

7,021,825 

289,484 

8,793,866 

201,415 

26,262 

693,290 

35,381 

1,635,194 

9,670,184 

59,313 

4,035,918 

34,150 

12,768 

910,957 

100,086 

723,373 



28,789,635 



3,324,194 

1,932,687 

2,431,124 

87,559 

32,166 

1,413,458 

1,199,837 

970,061 

5,780,115 

484,779 

10,633,655 



28,789,635 



77,892,195 
667,003 



11,74^ 

77 

1,304 

90,513 

179,174 

2,818 

2,348 

70,686 

7,752 
30,062 
9,599 

802,331 



79,767,606 



58,515,654 
300,216 
1,397,147 
1,351,031 
242,224 
175,522 
210,855 
810,132 

30,418 

727,572 

2,499 

1,200,505 

138,050 

41,840 

12,594 
12,678,533 



77,835,802 



1,931,804 

1,930,500 

35,709 



1,026,841 
1,000 



1,027,841 



903,953 



518,164 
60,724 



618,536 

395,250 

7,555 

1,061,703 

41,328 

3,31A 

50,290 

2,295 

204,728 

1,803,928 

11,329 

720,473 

5,463 

1,739 

113,198 

14,749 

111,283 



3,684,969 



708,558 

107,075 

355,885 

6,532 

1,678 

219,520 

144,362 

219,251 

557,099 

58,707 

1,296,202 



3,684,969 



19,619,665 
55,574 



855 
28 
676 
5,002 
13,321 
558 
84 

11,907 

609 

2,334 

7 

46,435 



19,757,055 



15,893,792 

31,737 

119,353 

178,620 

62,599 

8,264 

20,742 

143,672 

5,868 

152,562 

220 

132,647 

36,906 

18,678 

1,698 
2,547,507 



402,190 

401,514 

5,191 



202,991 
348 



203,339 



198,351 

31,358 
21,282 



1,015,239 

2,275,158 

14«,698 

2,545,402 

64,535 

11,475 

514,164 

5,489 

600,068 

3,013,737 

12,174 

1,246,703 

1,472 

319 

319,831 

21,248 

150,326 



9,136,300 



940,799 

241,664 
708,384 
37,027 
11,309 
601,958 
259,585 
395,755 

1,621,195 
257,352 

4,050,272 



9,136,300 



16,723,301 
80,307 



7,634 

16 

168 

29,957 

68,455 

240 

63 

19,941 

463 
12,900 
8,905 

186,019 



17,138,869 



10,936,095 
19,342 
117,726 
350,393 
60,012 
40,101 
49,416 
242,449 

10,603 

163,216 

169 

447,324 

76,847 

5,051 

1,794 
3,525,028 



943,292 

943,124 

3,420 



482,466 
130 



482,595 



460,696 



293,841 
7,705 



317,423 
504,637 

16,238 
985,327 

14,955 

3,488 

42,017 
4,929 

174,862 

751,474 

5,935 

349,931 

2,464 

1,261 

35,105 

7,962 

63,002 



2,635,281 



458,843 

132,855 

197,430 

7,476 

1,905 

121,281 

93,797 
106,635 
544,271 

18,751 
942,037 



2,635,281 



5,431,479 
43,434 



867 

7 

83 

2,639 

27,510 

283 

129 

2,759 

798 

5,135 

543 

90,649 



5,606,415 



3,524,060 
16,623 
163,010 
289,033 
15,521 
15,882 
13,855 
65,452 

3,205 

61,990 

56 

141,857 

5,157 

2,864 

1,487 
1,175,096 



111,257 

111,174 

5,447 



60,612 
40 



28,935 

4,727 



150,993 

952,333 

37,570 

551,918 

8,798 

797 

12,553 
4,074 
98,392 

296,500 

1,816 

131,023 

1,454 

752 

33,931 

2,469 

50,443 



263,303 

213,663 

164,498 

5,427 

4,606 

58,488 
213,495 

45,352 
431,582 

47,609 
545,556 



1,993,599 



3,057,155 
47,541 



437 

5 

144 

7,435 

6,177 

56 

114 

1,945 

290 

934 

1 

155,904 



3,278,138 



1,993,616 

9,552 

139,161 

33,825 

9,034 

25,393 

17,667 

40,159 

1,551 

27,107 

181 

104,497 

1,350 

1,249 

750 
772,229 



50,797 
50,653 
3,865 



31,960 
30 



31,990 



18,807 



12,515 
3,217 



584,139 
1,032,127 

26,424 
1,522,954 

31,642 

3,026 

27,030 

8,963 

235,181 

1,324,568 
8,830 

492,955 
6,617 
2,423 

222,689 
5,451 

160,621 



4,634,435 



417,401 

650,701 
377,442 

16,291 

6,368 

165,258 

153,629 

53,512 
968,397 

34,001 
1,780,436 



4,634,436 



18,704,765 
232,184 



723 

87 

27,283 

23,019 

323 

1,519 

16,859 

2,623 

2,584 

27 

147,719 



19,159,725 



16,093,509 

115,539 

328,571 

146,213 

29,495 

33,575 

57,689 

113,976 

3,131 

112,765 

499 

211,556 

4,969 

5,521 

3,721 
1,731,224 



19,043,004 



111,721 

111,534 

3,415 



93,377 
60 



93,437^ 



18,234 



31,988 
11,756 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Lljiiitatlons of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



49 



RETtRNS WITH BALANCE SHEETS 

Table 4.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BV MAJOR INDUSTRIAL GROUP— CooQnusd 



Major industrial group — Continued 



Trade — Continued 



Retail — Continued 



Drug 
stores 



Eating and 

drinking 

places 



Building 
materials 

and 
hardware 



Other 
retail 
trade 



Trade not 
allocable 



Finance, insurance, real eatate, and lessors 
of real property 



Total finance, 

insurance,* 

real estate, 

and lessors of 

real property 



Total finance 



Banks and 

trust 
companies 



Credit 

agencies 

other than 

banks 



Kunber of returns with balance sheets. 



Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization.. 

Less: Accumulated depreciation.. 
Depletable assets 

Less: Accumulated depletion.... 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid income^ 

Accrued expenses 

Other liabilities 

Capita 1 stock , preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits. 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 

(less amortizable bond premium): 

Vholly taxable 

Subject to surtax only 

Wiolly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total coinplled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amoiints contributed under pension plans... 
Amounts contributed under other employee 
benefit plans. 

Net loss, sales other than capital assets. 
Other deductions 



Total compiled deductions 

Compiled net profit or net loss (^6 less 63). 

Net income or deficit (6A less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax* 

Total tax 



Conqjiled net profit less total tax (6i less 69). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(52) 



76,300 

57,372 

567 

256,118 

3,752 

537 

5,496 

851 

30,29i 

231,389 

1,394 

104,073 

1,117 

504 

7,881 

3,628 

15,497 



583,694 



21,688 

54,330 

503 

80 

29,407 

17,483 

12,928 

130,754 

5,189 

205,995 



583,694 



1,632,380 
10,516 



467 

5,946 

57 

30 

1,173 

8 
1,603 



1,115,583 

2,846 

49,310 

53,909 

5,924 

684 

2,726 

20,859 

850 

19,581 

25 

20,412 

2,555 

834 

424 
327,265 



1,623,787 



41,303 

41,295 

841 



19,486 
36 



19,522 



10,664 
1,427 



(53) 



(54) 



(55) 



(56) 



(57) 



(58) 



(59) 



19,959 



14,374 



(Thouttrid dolltrg) 



132,771 

69,422 

361 

80,474 

12,794 

550 

7,515 

988 

49,023 

770,818 

7,384 

324,927 

5,685 

2,139 

45,656 

19,726 

49,902 



910,513 



142,951 

82,007 

159,045 

3,031 

488 

53,597 

53,266 

23,124 

225,661 

7,183 

160,160 



910,513 



2,449,920 
55,138 



225 

3 

19 

850 

10,355 

650 

50 

3,399 

596 

1,143 

2 

16,533 



2,538,883 



1,270,857 
27,680 
99,669 
115,037 
27,752 
1,081 
8,138 
55,771 

919 

63,442 

80 

21,352 

3,177 

3,211 

382 
806,973 



32,862 
32,843 

5,736 



25,246 
205 



25,451 



11,411 
565 



203,502 

800,283 

24,020 

976,308 

8,691 

1,147 

17, 597 

3,931 

109,871 

621,230 

3,316 

283,843 

4,857 

1,227 

72,875 

3,996 

43,085 



326,209 

253,012 

153,493 
5,641 
897 
70,023 
69,074 
42,585 

695,548 
17,809 

920,676 



4,795,151 
39,998 



440 

12 

30 

7,929 

9,209 

384 

131 

7,151 

1,516 

1,912 

11 

56,873 



3,708,253 
26,464 
172,582 
34,483 
13,245 
20,620 
19,722 
54,078 

2,009 
51,195 

1,184 
37,475 

2,548 

2,081 

624 
651,399 



122,785 

122,755 

2,447 



56,183 
57 



24,739 

7,033 



242,227 
335,243 

28,051 
812,662 

14,920 

1,928 

16,628 

3,861 

132,775 

851,290 
7,035 
381,990 
5,021 
2,404 
58,790 
20,847 
79,214 



,655,876 



450,788 

230,017 

250,117 

5,631 

4,835 

92,826 
180,146 

65,909 
605,608 

37,678 
732,321 



2,655,876 



5,477,879 
102,311 



407 

6 

89 

8,951 

15,182 

267 

228 

5,552 

344 

1,467 

3 

89,443 



5,702,634 



3,929,898 
49,433 
207,765 
99,518 
18,592 
30,922 
20,900 
68,706 

2,232 
75,713 
85 
83,375 
4,531 
2,341 

1,214 
991,812 



5,587,037 



115,597 
115,508 



54,520 
94 



60,983 



22,713 

3,. 301 



342,336 
1,065,842 

30,958 
1,002,330 

16,474 

2,045 

42,012 

4,457 

193,324 

1,044,624 

6,387 

456,826 

10,614 

5,093 

102,809 

10,234 

70,375 



3,408,262 



680,077 

280,769 

257,589 

5,337 

3,242 

137,913 

154,115 

100,833 

734,321 

37,461 

1,016,555 



3,408,262 



8,283,169 
205,660 



922 

28 

49 

6,897 

21,430 

1,751 

337 

8,158 

987 

5,248 

46 

68,204 



8,602,8 



6,553,650 
72,316 
191,080 
81,345 
28,162 
21,829 
23,559 
91,270 

2,462 
85,117 
958 
91,127 
9,255 
2,551 

3,569 
1,156,776 



8,420,526 



182,360 

182,311 

7,168 



91,254 
148 



38,192 
6,708 



52,412,736 

104,757,349 

1,061,257 

47,865 

133,630 

17,241,150 

92,232,452 

4,450,896 

130,034,586 

23,531,954 
113,356 

5,421,301 
834,767 
262,064 

5,117,971 
441,337 

3,097,536 



432,476,851 



4,304,462 

8,697,118 

22,724,157 

144,964 

147,622 

1,233,765 

337,407,058 

1,631,012 

15,852,651 

4,910,958 

34,923,084 



432,476,351 



164,135 
12,095,633 



1,810,158 

93,050 

373,994 

8,405,257 

3,131,685 

185,598 

48,183 

938,250 

621,034 

1,121,727 

49,793 

367,110 



29,405,607 



109,321 

3,639,487 

1,373,138 

373,818 

214,540 

681,090 

3,107,175 

1,210,330 

38,456 
954,561 

75,701 
231,106 
132,606 

51,374 

56,462 
8,797,310 



8,308,132 

7,934,138 

74,387 



2,067,788 
631 



2,068,419 



6,239,713 



2,026,837 
180,931 



47,956,741 

101,494,504 

1,038,596 

2,482 

35,216 

11,867,626 

76,826,133 

4,330,317 

43,533,760 

2,914,541 

16,396 

512,350 

278,253 

84,956 

329,200 

329,043 

1,924,723 



295,175,246 



2,695,090 

5,900,703 

7,961,130 

47,309 

71,110 

613,305 

243,592,698 

1,113,672 

9,420,947 

4,144,211 

19,615,071 



295,175,246 



10,888 
2,573,583 



1,430,305 

33,371 

256,464 

5,889,369 

173,217 

55,657 

40,297 

732,017 

146,370 

736,179 

45,416 

206,621 



7,245 
250,230 
832,459 
136,195 
43,234 
660,674 
2,459,709 
314,902 

24,596 
179,352 

31,951 
158,606 
149,629 

25,256 

34,265 
3,225,989 



8,534,292 



3,860,962 
3,604,498 

25,011 



1,221,485 
266 



1,221,751 



2,639,211 



1,515,658 
149,449 



44,333,812 

85,736,290 

303,433 

17,477 

11,520,722 

73,908,592 
3,990,913 

10,573,572 

1,999,310 

2,763 

283,053 

1,783 

468 

169,609 

301,890 

1,356,127 



232,820,380 



26,664 

94,764 

55,082 

24,076 

31,754 

238,190 

213,560,016 

30,390 

4,304,327 

2,116,447 

12,338,670 



232,320,380 



1,358,887 

86,595 

239,395 

3,865,369 

142,125 

2,415 

27,611 

418,227 

11,261 

43,540 

204 

86,361 



7,176,087 



1,217 

580,348 

76,899 

34,128 

271,562 

1,238,108 

227,756 

18,536 

132,256 

447 

87,810 
124,138 
20,558 

30,030 
2,034,717 



4,878,510 



2,297,577 

2,057,682 

11,589 



867,970 
73 



1,429,534 



518,318 
98,644 



(60) 



2,958,969 

14,366,351 

229,863 

1,057 

13,862 

67,011 

1,889,240 

135,241 

27,358,412 

611,929 

1,145 

119,779 

20,509 

2,094 

90,238 

4,672 

264,200 



1,859,467 



5,103 

6,696 

17 

33 

266 

28,192 

323 

1,757 

1,581 

2,140 



651 
,324 
,794 
599 
636 
337 
,798 
,676 
745 
,778 



47,978)805 



3,225 
1,274,176 



47,601 

334 

1,534 

1,931,351 

20,620 

42 

3,162 

27,508 

5,539 
24,620 

9,090 
59,901 



3,408,703 



1,594 
25,844 
167,077 
46,200 
7,323 
335,591 
1,167,149 
65,486 

3,049 

37,051 

260 

64,894 

18,642 

3,794 

2,944 
832,810 



2,879,708 



528,995 

527,461 

7.416 



248,076 
188 



248,264 



280,731 



200,498 
22,774 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



50 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH BALANCE SHEETS 



Tablo 4 BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY MAJOR INDUSTRIAL OROUP— Conlinuod 



Major industrial group — Continued 



Finance, insurance, real estate, and lessors of real property — Continued 



Finance — Continued 



Holding and 

other 
investment 
companies 



Security and 
commodity- 
exchange brokers 
and dealers 



Insurance carriers^ and agents 



Total insurance 

carriers^ and 

agents 



carriers" 



Insurance 
agents and 



Real estate, 
except lessors 

of real 
property other 
than buildings 



Lessors of 

real property, 

except 

buildings 



(61) 



(62) 



(63) 



(64) 



(65) 



(66) 



Number of returns with balance sheets 

Assets: 

Cash 

Notes and accounts receivable 

Less; Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 

Depreciable assets 

Less: Accumulated amortization 

Less: Accumulated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, nxjrtgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses ^ 

Prepaid income 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits 

Total liabilities 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt. 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 
short-term capital loss. 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total conipiled receipts. . . . ; 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising .- 

Amounts contributed under pension plans 

Amounts contributed under other employee 
benefit plans. 
Net loss, sales other than capital assets.... 
Other deductions 

Total compiled deductions 

Compiled net profit or net loss (66 less 63)... 

Net Income or deficit (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax* 

Total tax 

Compiled net profit less total tax (64 less 69) 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



515,874 

549,485 

4,867 

1,425 

2,546 

228,867 

480,502 

15,181 

1,038,616 

256,100 
12,389 
86,436 

250,303 
81,231 
47,275 
19,908 

125,674 



12,396,733 



320,688 

234,288 

939,987 

3,778 

482 

83,822 

,459,754 

728,378 

,244,848 

433,419 

,897,339 



7,663 
54,444 



12,384 
82 

3,817 
37,795 
14,372 
53,036 

3,042 

280,499 

6,191 

655,977 

35,735 

45,733 



5,651 

8,957 

24,204 

3,893 

316 

2,803 

33,216 

13,019 

2,243 

5,730 

30,427 

833 

2,084 

250 

1,118 



960,902 

957,085 

3,043 



32,770 



82,770 



878,132 



786,252 
25,794 



2,335 



(Thouaand dollai 



148,086 
342,373 

423 

1,331 
51,026 

547,799 
138,982 
518,160 

47,202 

99 

23,032 

5,663 

1,163 

22,078 

2,573 

178,722 



1,979,278 



488,271 

413,000 

269,737 

1,661 

275 

24,657 
380,591 

31,106 
114,096 

12,600 
238,284 



1,979,273 



11,433 
1,360 

11,218 

5,354 

1,100 

164 

1,4S2 

5,783 

123,379 

12,042 

387 

14,626 



544,694 



214,212 

60,330 

9,193 

967 

718 

16,236 

3,641 

768 

4,265 

817 

5,019 

4,765 

654 

173 
143,943 



471,206 



73,433 

62,270 

2,953 



22,669 
5 



22,674 



50,314 



10,590 
2,237 



2,922,656 

732,071 

6,193 

16,944 

4,156 

5,305,120 

15,153,144 

77,277 

75,864,324 

1,020,309 

511 

63,926 

860 

577 

21,493 

50,772 

5,343,464 



106,491,383 



605,825 

63,322 
64,158 
17,153 
11,649 
87,787 

92,523,213 

37,110 

1,486,500 

520,670 

11,068,991 



106,491,383 



67,980 
7,490,932 



372,278 

4,599 

116,097 

2,440,449 

241,353 

215 

1,751 

66,643 

2,013 

348,284 

3,522 

40,484 



11,196,600 



53,726 

2,835,102 

197,967 

77,798 

4,596 

7,205 

13,896 

233,065 

3,732 

92,806 

227 

23,289 

26,332 

22,639 

1,762 
4,036,610 



7,630,802 



3,565,798 

3,449,701 

9,732 



487,082 
46 



2,668,756 

257,951 

2,582 

16,530 

1,201 

5,301,180 

15,131,087 

75,156 

75,686,780 

911,094 

108 

27,541 

262 

259 

10,463 

21,292 

5,290,125 



105,341,337 



79,425 

35,292 
32,913 
13,094 
10,774 
60,456 

92,401,303 

15,394 

1,353,044 

495,465 

10,844,222 



105,341,387 



65,132 
6,724,506 



371,611 

4,590 

116,047 

2,436,291 

236,752 

47 

1,661 

61,174 

1,627 

341,304 

2,119 

26,041 



10,388,902 



51,579 

2,698,637 

53,033 

53,203 

3,217 

2,840 

11,349 

220,964 

2,445 

81,530 

220 

13,374 

20,520 

20,713 

1,248 
3,655,399 



3,493,526 

3,377,479 
8,079 



458,513 

15 



3,078,670 



293,679 
18,881 



3,034,993 

278,982 

15,055 



253,900 

524,120 

3,616 

414 
2,955 

3,940 

22,057 

2,121 
177,544 

109,215 

403 

36,385 

598 

318 

11,035 

29,480 

53,339 



1,149,996 



526,400 

33,030 

31,245 

4,064 

875 

27,331 
121,905 

21,716 
133,456 

25,205 
224,769 



1,149,996 



2,343 
766,426 



667 

9 

50 

4,158 

4,601 

168 

90 

5,469 

336 
6,930 
1,403 
14,443 



807,693 



2,147 

136,465 

139,929 

24,595 

1,379 

4,365 

2,547 

12,101 

1,287 

11,276 

7 

9,915 

5,762 

1,926 

514 
381,211 



735,426 



72 , 272 

72,222 

1,653 



23,564 
31 



28,595 



43,677 



19,697 
3,826 



1,437,394 

2,381,449 

16,102 

26,372 

91,599 

62,129 

202,528 

39,902 

5,377,315 

17,301,349 

79,957 

4,568,221 

77,522 

21,738 

4,541,789 

51,429 

764,109 



27,669,318 



1,389,664 

2,666,475 

13,533,323 

78,453 

50,563 

461,908 

1,236,057 

390,796 

3,362,484 

223,357 

3,770,733 



27,669,318 



74,036 
2,018,358 



6,194 

77 

1,269 

72,533 

2,600,924 

4,908 

5,955 

121,925 

471,658 

33,960 

664 

111,695 



40,075 

552,309 

334,655 

155,353 

163,622 

13,142 

600,561 

630,579 

9,813 

663,375 

1,341 

49,114 

6,087 

3,313 

20,338 
1,504,010 



4,748,197 



776,014 

774,745 

38,450 



310,402 
290 



310,692 



151,666 

12,201 



(67) 



4,307 



95,945 

99,825 

361 

2,067 

2,709 

6,275 

50,547 

3,400 

253,687 

2,295,755 

16,492 

275,804 

478,127 

154,743 

225,484 

10,093 

65,290 



3,140,904 



113,383 

61,618 

1,165,545 

2,039 

14,300 

70,765 

55,090 

89,434 

1,082,720 

17,220 

463,239 



3,140,904 



11,181 
7,750 



1,381 

3 

164 

2,401 

111,191 

124,818 

180 

17,665 

993 

3,304 

191 

8,310 



239,542 



3,775 

1,846 

8,057 

4,472 

3,083 

69 

33,009 

31,784 

310 

19,028 

41,682 

97 

503 

161 

97 
31,201 



105,353 

105,194 

1,194 



48,319 
29 



56,510 



60,834 71 

400 72 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Llinltatlons of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



51 



RETl'RNS WITH BALANCE SHEETS 



Table 4.— BALANCK SHEETS AND RELATED INCOME STATEMENTS, BY MAJOR INDUSTRIAL OROUP— Continueil 



Major industrial group — Continued 



Total 
services 



Hotels and 
other 
lodging 
places 



Personal 
services 



Business 
services 



Automotive 

repair 

services 

and garages 



Miscel- 
laneous 
repair 
services, 
hand trades 



Motion 
pictures 



Amusement, 

except 

motion 
pictures 



Other 
services, 
including 

schools 



Nature of 
business 

not 
allocable 



Number of returns with balance sheets. 



Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations; 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other Investments 



Depreciable assets 

Less: Accumulated amortization. 

Less: Accumulated depreciation. 
Depletable assets 

Less: Accumulated depletion. . .. 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid income ^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common 

Surplus reserves 

Stirplus and undivided profits. — 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium): 

Wholly taxable 

Subject to surtax only 

ISholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans... 
Amounts contributed tinder other eniployee 
benefit plans. 

Net loss, sales other than capital assets. 
Other deductions 



Total compiled deductions 

Compiled net profit or net loss (46 less 63). 

Net income or deficit (6A less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax* 



Total tax. 



Compiled net profit less total tax (6*^ less 69). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(68) 



(69) 



(70) 



(71) 



(72) 



(73) 



(7<) 



(75) 



(76) 



58,117 



11,567 



3,260 



5,796 



(Thoutand dollar*) 



1,227,976 
1,454,674 

34,337 
574,311 

76,964 

21,613 

133,039 

19,112 

1,363,883 

6,951,419 
90,826 
2,977,361 
29,702 
11,220 
742,778 
81,701 
373,834 



10,017,262 



1,074,978 

737,740 

2,240,858 

21,272 

30,608 

453,489 

549,978 

232,702 

1,669,282 

196,858 

2,809,497 



10,017,262 



1,629,356 

10,064,179 



5,125 

16 

1,436 

15,205 

301,694 

27,221 

1,722 

41,910 

4,600 

25,536 

8,883 

139,638 



957,252 
5,734,357 
574,855 
420,444 
149,269 
23,645 
108,153 
297,504 

9,498 

565,610 

1,059 

217,461 

53,064 

15,882 

10,317 
2,543,515 



584,686 
583,250 
27,432 



317,201 
1,452 



158,525 
15,982 



173,952 

131,041 

2,171 

37,155 

17,013 

3,999 

23,844 

3,342 

242,326 

,222,119 

8,673 

878,739 

3,995 

943 

299,386 

3,702 

71,655 



2,343,003 



129,392 

165,270 

945,305 

1,994 

1,934 

93,461 

85,571 

60,293 

350,443 
32,178 

477,112 



,343,003 



583,960 
975,893 



1,315 

1 

52 

3,555 

160,107 

297 

122 

12,214 

859 

3,746 

15 

19,381 



323,209 
372,890 

39,667 
100,481 

61,630 
3,590 

39,642 

78,115 

1,619 
113,335 
214 
33,235 
3,808 
4,002 

761 
521,648 



1,697,846 



68,671 

68,619 

3,664 



39,480 
138 



20,636 
3,278 



125,050 

161,117 

3,168 

71,337 

12,232 

1,554 

18,336 
2,415 

70,085 

866,325 

6,308 

419,417 

5,308 

2,418 

45,172 

15,621 

56,165 



1,019,406 



116,530 

70,542 

125,657 

2,568 

675 

50,066 

52,627 

29,523 

242,017 

10,165 

319,036 



1,019,406 



275,711 
1,527,592 

378 

2 

52 

1,260 

4,224 

665 

10 

4,180 

519 
1,815 

8,282 



1,824,690 



143,531 

885,553 

117,251 

56,723 

21,438 

4,387 

8,659 

41,150 

1,468 
67,447 
272 
29,497 
2,915 
3,553 

661 

377,070 



63,065 

63,013 

3,922 



29,439 
227 



29,666 



33,399 



13,672 

1,611 



370,599 

580,614 

16,068 

67,538 

12,680 

7,305 

44,597 

6,520 

364,363 

1,099,428 

5,670 

469,140 

3,645 

1,477 

32,299 

25,209 

93,660 



2,216,102 



400,386 

140,495 
298,345 
5,535 
5,268 
112,959 
178,666 

48,058 
338,709 

39,049 
648,632 



2,216,102 



242,913 
3,241,830 



1,022 
9 

1,070 

2,669 
30,419 
12,194 

1,033 

8,102 

649 

12,444 

1,931 

27,202 



3,583,487 



166,609 
1,879,760 
208,596 
66,299 
17,579 
6,268 
15,373 
45,553 

2,316 

120,571 

56 

35,721 

31,219 

3,084 

2,336 

800,623 



3,401,963 



181,524 

180,454 

5,102 



94,533 
264 



86,727 



45,213 
2,478 



47,297 
75,461 

1,603 
23,309 

6,327 

357 

1,995 

547 

53,637 

557,685 
7,055 
202,378 
1,687 
620 
53,455 
2,135 
20,955 



633,191 



63,603 

125,933 

186,566 

5,791 

2,710 

17,743 

19,335 

14,341 

91,869 

3,240 

102,055 



633,191 



133,523 
449,843 



82 

1 

63 

1,004 

41,012 

411 

78 

6,592 

334 
691 

6,790 



85,030 

208,437 

32,459 

44,945 

8,520 

1,933 

12,531 

18,331 

334 
100,302 
127 
5,483 
448 
438 

2,694 
97,752 



20,610 

20,547 

1,564 



11,558 
52 



3,312 
1,589 



28,462 
62,689 

1,575 
43,412 

1,164 

68 

1,999 

402 

6,409 

97,845 

1,122 

41,606 

717 

313 

4,420 

1,444 

6,316 



210,726 



41,392 

13,246 

17,452 

653 

601 
13,820 
14,023 
3,574 
45,623 
625 
59,217 



210,726 



139,867 
315,707 



147 

2,156 

32 

353 



392 



26 

3 

2,341 



91,181 

218,431 

29,074 

10,597 

2,634 

1,499 

1,407 

8,351 

75 

10,421 

5 

5,323 

767 

1,170 

95 
76,260 



4,333 

4,333 

728 



4,908 
14 



1,013 



257,987 

244,809 

3,313 

295,993 

17,234 

219 

45,928 

1,600 

529,241 

,297,631 

56,899 

644,466 

2,322 

1,055 

213,236 

17,419 

68,019 



2,285,950 



195,512 

128,707 

475,612 

1,946 

5,649 

91,484 
102,611 

49,383 
302,204 

31,098 
851,744 



2,285,950 



99,226 

1,915,791 

929 

1 

16 

4,223 

48,793 

8,233 

63 

4,531 

161 

5,696 

6,773 

46,867 



2,141,303 



57,334 
1,306,812 
42,523 
81,698 
18,116 
1,925 
20,080 
47,112 

1,097 
91,425 
1 
68,422 
4,847 
1,441 

1,883 
260,979 



2,005,700 



135,603 

135,587 

5,086 



72,799 

512 



73,311 



62,292 



45,525 
3,051 



122,842 

50,621 

589 

10,643 

5,728 

2,078 

26,053 
1,289 
55,744 

560,425 
2,891 
221,070 
8,818 
2,184 
73,713 
9,648 
30,329 



731,197 



54,947 

59,262 

126,107 

751 

2,321 

34,229 

43,227 

17,861 

193,435 

11,474 

187,583 



731,197 



69,590 
743,794 



579 

1 

29 

905 

9,257 

4,195 

49 

3,891 

1,899 
765 

1 
12,783 



847,738 



38,476 

387,005 

37,003 

32,440 

13,502 

1,237 

6,639 

40,921 

1,964 

43,204 

378 

20,432 

1,325 

613 

1,377 
151,661 



778,177 



69,561 
69,532 

4,183 



37,853 
199 



38,052 



19,805 
2,300 



101,787 
143,322 

5,845 
24 ,924 

4,536 

6,033 

20,237 

2,997 

42,078 

279,961 
2,208 
100,545 
3,210 
2,205 
21,097 
6,523 
26,735 



577,687 



72,716 

34,280 
65,814 
2,034 
11,400 
39,727 
53,918 
9,669 

104,982 
19,029 

164,113 



577,687 



79,566 
893,729 



800 

1 

154 

1,442 

5,726 

1,194 

14 

1,508 

100 

403 

160 

15,992 



1,000,789 



51,882 
475,469 

68,277 

27,261 
5,800 
2,306 
3,822 

17,921 

625 

13,905 

6 

19,348 

7,735 

1,581 

510 
257,522 



41,319 

41,165 

3,183 



9,349 
1,675 



(77) 



37,333 

127,776 

4,807 

8,709 

736 

4,043 

4,592 
10,809 
61,901 

77,642 
221 

13,614 
4,471 
1,274 

14,577 
3,517 

44,169 



380,364 



61,675 

41,935 

78,557 

559 

2,831 

7,633 

28,424 

22,452 

119,710 

3,293 

13,295 



380,364 



39,481 
64,346 



120 
2 
127 
342 
1,601 
185 
571 

3,287 

671 
173 
36 

3,403 



23,836 

22,939 

11,690 

2,874 

614 

443 

2,031 

2,487 

65 

3,527 

223 

1,331 

70 

84 

300 
31,699 



109,213 



5,632 

5,505 

644 



4,563 



4,563 



1,069 



3,783 
150 



^Sum reported on returns with balance sheets filed for tax years beginning after Dec. 31, 1953 and ending on or before June 15, 1955. See this item in textual discussion, p. 11. 

Capital stock which was not definitely designated as either common or preferred was tabulated under common stock. 
^Loss or deficit. 

*The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for 
annual accounting periods ended July through November 1954 and returns for part years which began in 1953. 
'Loss after total taxpayuient. 

For treatment of life and imitual insurance companies, see text, p. 17. 
NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data. " 



52 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH BALANCE SHEETS 



Table B.— BALANCE SHEETS AND RELATED INCOME STATEMENTS. BY SIZE OF TOTAL ASSETS 



Size of total assets 



Under 

$25,000 



$25,000 
under 

$50,000 



$50,000 
under 

$100,000 



$100,000 

under 
$250,000 



$250,000 

under 

$500,000 



$500,000 
under 

$1,000,000 



$1,000,000 

under 
$2,500,000 



Number of returns wltii balance sheets.. 



Assets: 

Cash 

Notes and accounts receivable.. 

Less; Reserve for bad debts. 

Inventories 



Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States possessions.. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization.. 

Less: Accumulated depreciation, 
Depletable assets 

Less; Accumulated depletion. . . . 

Land 

Intangible assets 

Other assets 



Total assets. . 



Liabilities; 

Accounts payable 

Bonds, notes, mortgages payable; 

Maturity less than 1 year 

Matiirity 1 year or more 

Reserves for estimated expenses \ . 

Prepaid income ^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital Steele, common 

Surplus reserves 

Surplus and undivided profits 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less amortizable bond 
premium); 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term capital loss 
Net long-term capital gain reduced by net short-term capital loss 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total cottijiled receipts... 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property . 

Repairs 

Bad debts 



Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization.. 

Depletion 

Advertising 



Anwunts contributed under pension plans 

Amounts contributed under other employee benefit plans. 

Net loss, sales other than capital assets 

Other deductions 



Total compiled deductions. 



Compiled net profit or net loss (46 less 63). 

Net income or deficit (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax* 



Total tax.. 



Compiled net profit leas total tax (64 less 69). 
Dividends paid; 

Cash and agaets other than own stock 

Corporation's own stock 



(1) 



81,723,091 

161,084,027 

2,345,973 

62,913,531 

2,091,188 

17,760,801 

108,572,771 

5,075,020 

160,552,644 

265,933,819 

3,739,799 

89,534,620 

8,921,431 

3,772,010 

10,977,354 

1,651,196 

16,435,611 



805, 300, 08^ 



38,152,704 

23,238,607 

90,797,304 

1,270,0&; 

470,813 

19,373,489 

353,498,323 
15,632,163 
90,730,133 
12,926,842 

159,209,640 



305,300,08t 



437,316,182 
84,162,134 



2,087,516 

96,037 

389,281 

8,928,323 

4,648,773 
557,550 
69,522 

1,884,670 
694,826 

2,308,749 
612,610 

3,245,036 



547,001,259 



334,348,173 
49,877,515 
8,959,844 
4,968,330 
4,954,386 
1,333,831 

6,190,644 

12,305,138 

310,946 

13,486,365 

2,242,368 

5,696,934 

2,803,432 
900,202 
249,879 

61,887,310 



510,515,297 



36,485,962 

36,096,681 

423,874 



16,645,457 
36,828 



19,803,677 



11,831,629 
1,343,690 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(8) 



(TJiottaand dollars) 



310,692 

414,562 

8,701 

291,628 

W,492 

1,466 

4,380 

1,656 

89,353 

1,066,295 

21,357 

502,741 

39,205 

22,770 

86,428 

29,403 

113,394 



1,907,385 



470,295 

262,859 

326,597 

5,731 

5,529 

94,112 

203,359 

51,789 

1,073,614 

11,547 

'603,047 



1,907,385 



3,847,113 
1,873,787 



912 

50 

23 

5,769 

105,319 

7,683 

1,629 

15,089 

22,559 

1,479 

217 

47,091 



5,923,725 



2,802,778 

1,071,707 

485,960 

231,689 

34,655 

13,467 

23,817 
100,223 
1,155 
116,943 
2,345 
60,933 

1,355 

2,675 

14,577 

1,037,815 



^123,379 

'123,407 

27,515 



25,469 



'148,843 



26,804 
573 



491,403 

336,600 

13,140 

670,467 

26,433 

2,372 

11,264 

6,055 

205,138 

1,965,777 

22,606 

819,256 

50,537 

25,015 

240,491 

43,747 

172,710 



3,842,977 



569,549 

422,105 

606,053 

9,123 

7,094 

143,592 

235,057 

67,112 

1,399,095 

16,450 

267,737 



3,842,977 



6,557,444 
1,837,635 



8,993 

155,570 

5,947 

2,246 

17,480 

41,987 

3,655 

27 

63,092 



3,694,501 



4,874,914 
1,064,347 
560,411 
222,516 
48,347 
21,624 

44,801 

146,006 

1,772 

175,244 

1,899 

87,026 

2,401 

4,474 

7,624 

1,374,736 



3,658,142 



36,359 
36,314 
25,367 



60,630 
27 



60,657 



'24,298 



33,985 
1,582 



980, 597 

1,883,652 

30,812 

1,493,951 

54,889 

5,566 

37,968 

15,645 

525,977 

4,171,065 

55,271 

1,649,319 

82, 133 

38,864 

576,495 

66,851 

304,454 



8,430,038 



1,310,164 

849,419 

1,333,580 

20,726 

18,090 

283,231 

513,040 
149,295 

2,432,063 
46,505 

1,423,920 



3,430,038 



13,894,478 
3,114,395 



1,687 

24 

202 

23,435 

321,381 

7,480 

2,408 

29,885 

78, 807 

5,433 

407 

125,565 



1,880,459 

914,093 

316,422 

87,463 

45,630 

94,879 
270,046 

4,853 
333,182 

4,291 
159,363 

6,370 
9,362 
9,299 

2,497,564 



17,346,234 



259,904 

259,702 

37,546 



143,488 
107 



143,595 



61,104 
8,827 



2,262,931 

5,127,321 

102,688 

3,772,311 

122,601 

19,807 

160,700 

46,032 

1,619,999 

10,003,290 

73,061 

3,397,318 

154,831 

54,595 

1,430,395 

112,774 

668,619 



21,379,449 



3,043,420 

2,203,165 

3,488,077 

54,982 

40,754 
727,895 

1,120,041 
333,503 

5,251,715 
140,171 

4,925,721 



21,379,449 



34,494,746 
6,353,348 



5,344 

71 

612 

81,246 

715,723 

21,681 

4,797 

75,520 

137,893 

22,014 

3,224 

332,590 



27,380,761 

4,124,315 

1,648,900 

509,975 

193,081 

105,274 

251,342 
602,914 

13,137 
746, 396 

15,712 
368,237 

21,848 
26,233 
20,131 

5,386,176 



41,414,538 



834,381 

833,769 

63,507 



390,149 
989 



160,394 
34,959 



2,143,470 

5,293,564 

105,072 

3,685,583 

115,457 

32,342 

274,017 

65,633 

1,863,462 

9,196,438 

56,173 

3,599,435 

200,732 

76,789 

1,300,407 

79,186 

626,933 



21,045,815 



2,862,860 

2,225,623 

3,415,752 

54,296 

38,377 

719,129 

1,325,825 
437,295 

4,185,025 
192,931 

5,587,692 



21,045,815 



33,177,795 
5,310,734 



7,854 

113 

1,354 

119,445 

574,175 

21,521 

2,733 

68,583 

107,204 

23,045 

808 

329,634 



26,640,749 

3,595,731 

1,193,422 

385,230 

172,768 

91,483 

247,293 
539,093 

15,138 
651,200 

22,632 
335,039 

35,859 
29,575 
12,779 

4,810,464 



965,533 
964,179 
42,511 



445,366 
1,633 



175,084 
47,026 



2,475,213 

5,845,293 

117,231 

3,787,977 

118,651 

99,130 

659,746 

110,924 

2,477,500 

9,823,356 

70,381 

3,838,775 

311,753 

104,914 

1,212,824 

74,986 

615,336 



23,491,388 



2,695,525 

2,280,425 

3,617,401 

58,651 

42,501 

812,266 

2,432,311 
546,634 

4,081,813 
300,535 

6,623,124 



23,491,388 



32,709,960 
4,962,387 



17,379 

278 

3,006 

153,773 

499,646 

24,798 

3,553 

91,140 

74,836 

39,999 

1,200 

322,035 



26,197,019 

3,363,433 

939,504 

323,388 

179,431 

84,794 

255,296 
557,223 

19,228 
557,558 

32,231 
339,558 

58,603 

33,744 

13,503 

4,624,994 



37,689,867 



1,214,128 

1,211,122 

39,010 



592,430 
2,059 



232,108 
53,369 



4,634,621 

9,460,406 

155,085 

5,244,186 

154,036 

384,005 

2,817,957 
584,384 

5,105,860 

13,310,502 

86,406 

5,264,511 
412,294 
173,353 

1,391,761 
U0,604 
911,668 



38,817,924 



3,484,969 

2,817,825 

5,171,787 

108,438 

73,537 

1,164,055 

9,553,122 
1,067,570 
5,627,530 
528,395 
9,200,545 



33,317,924 



40,573,256 
6,251,873 



66,723 

782 

10,243 

362,129 

513,487 

50,978 

5,927 

116,441 

76,479 

64,375 

2,993 

410,020 



32,201,294 
4,199,614 
930,756 
342,257 
260,827 
110,570 

381,716 
770,933 

30,576 
854,310 

77,043 
437,247 

U6,336 
51,667 
21,959 

5,801,017 



46,638,131 



1,911,576 

1,901,333 

36,060 



979,976 
3,254 



392,333 
89,226 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and LiJnitationa of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



53 



RETl'RNS WITH BALANCE SHEETS 



T.bU 5.— BALANCE SHEETS AND RELATED INCOME STATEMENTS. BV SIZE OF TOTAL ASSETS— Continu«d 



Size of total assets— Continued 



$2,500,000 

under 
$5,000,000 



$5,000,000 
under 

$10,000,000 



$10,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 
under 

$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



(9) 



(10) 



(11) 



(12) 



(U) 



(W) 



Number of returns with balance sheets 

Assets: 

Cash » 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Goverruaent obligations: 

States, Territories, and IMited States possessions 

United States obligations 

Not stated 

Other investments 

Depreciable assets 

Less: Accumulated amortisation 

Less: Accumulated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses ^ 

Prepaid income ^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits 

Itotal liabilities 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obli-gations (less amortizable bond 
premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term capital loss 
Net long- term capital gain reduced by net short-term capital loss 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Itatal compiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

laxes peid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed under other employee benefit plans 

Net loss, sales other than capital assets 

Other deductions 

Total compiled deductions 

Compiled net profit or net loss (46 less 63) 

Net income or deficit (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax *. 

Total tax 

Compiled net profit less total tax (64 less 69) 

Dividends paid: 

Cash and assets other than cwn stock 

Corporation's own stock 



4,968,942 

9,172,312 

128,857 

3,941,505 

133,452 

802,665 
4,347,546 

920,380 
5,849,028 

10,113,040 

72,380 

3,632,975 

444,317 

166,579 

835,803 

73,752 

719,742 



38,121,693 



2,437,212 

1,840,431 

4,022,169 

67,537 

53,727 

963,570 

15,037,513 
715,163 

3,861,601 
613,685 

8,509,085 



33,121,693 



28,093,134 
4,244,479 



10t,093 

2,922 

19,360 

431,071 

321,477 

35,312 

3,973 

125,338 

26,595 

93,288 

6,619 

265,282 



33,774,943 



22,020,276 

2,767,414 

524,736 

228,744 

212. i36 

68.^03 

339,360 
580,210 

24,905 
609,966 

70,349 
379,245 

120,420 

45,031 

26,788 

3,998,029 



32,036,362 



1,738,581 

1,719.221 
26,731 



371,329 
2,574 



eu-.e'^e 



a7,-i 



6,324 



4,228 



(Thousand dollmra) 



5,712,955 

9,857,016 

139,369 

3,915,613 

123,802 

1,391,299 

6,995,768 

154,093 

8,223,901 

10,156,133 
U4,961 
3,813,174 
558,013 
199,796 
634,437 
102,751 
646,449 



44,204,930 



2,002,599 

1,704,692 

3,432,789, 

72,607 

28, 731 

911,914 

21,095,733 

677,194 

3,815,367 

881,891 

9,581,413 



-4,204,930 



26,475,713 
4,361,136 



140,315 

2,843 

29,238 

594,488 

124,631 

41,571 

3,478 

127,866 

27,761 

93,202 

7,666 

238,549 



20,450,454 
2,809,974 
403,632 
219,588 
239,638 
106,944 

385,626 
672,575 

24,696 
607,052 

73,719 
375,896 

140,259 

53,366 

14,357 

3,820,538 



30,398,364 



1,870,143 

1,840,855 

22,112 



922,815 
2,742 



944,586 



469,586 
61,772 



7,579,602 

13,593,730 

194,240 

5,460,625 

155,313 

1,869,888 

10,802,629 

435,810 

13,202,979 

15,472,977 
196,031 

5,605,532 
698,373 
221,255 
756,423 
120,194 

1,006,970 



64,938,455 



2,543,932 

1,788,052 

5,318,961 

89,303 

29,628 

1,377,247 

32,272,691 
1,155,249 
5,049,752 
1,391,373 

13,921,767 



64,938,455 



33,514,623 
4,484,357 



216,212 

4,721 

39,836 

869, 539 

163,659 
75,619 
5,551 

210,369 
19,730 

225,215 
27,827 

257,775 



25,157,404 
2,593,596 
397,479 
271,935 
390,083 
151,614 

584,041 
897,954 
34,244 
844,483 
126,242 
549,019 

240,030 

78,524 

27,912 

4,865,464 



37,210,024 



2,911,009 

2,871,173 

37,366 



1,395,510 
5,409 



828,700 
109,340 



5,720,108 

10,917,301 

169,187 

3,979,849 

144 , 563 

1,687,704 

8,788,018 

226,744 

10,144,252 

12,991,407 
150,199 
4,826,066 
995,329 
457,370 
404,194 
97,746 
910,043 



51,40i,436 



1,816,068 

1,122,445 

3,944,057 

75,781 

18,328 

1,074,498 

25,865,617 
1,081,138 
3,916,085 
1,169,202 

11,321,167 



51,401,436 



25,103,069 
3,814,218 



173, U8 

5,290 

33,462 

679,125 

69,139 

41,191 

4,893 

162,975 

20,890 
140,843 

26,533 
171,108 



30,445,884 



18,462,328 
2,279,409 
227,372 
191,292 
370,201 
110,648 

420,050 
856,030 
24,271 
669,892 
164,049 
392,409 

196,626 

55,629 

18,420 

3,646,671 



28,085,297 



2,360,587 

2,327,125 

11,260 



1,106,713 
4,164 



1,1x0,877 



1,249,710 



737,732 
66,467 



5,801,458 

10,444,145 

156,016 

4,234,487 

135,707 

1,561,994 

9,487,718 

255,851 

10,502,662 

16,859,701 

197,343 

5,514,249 

846,478 

376,515 

345,208 

62,681 

1,250,496 



55,544,463 



1,912,263 

1,291,598 

5,431,412 

85,247 

25,500 

1,317,161 

25,689,516 
1,289,440 
5,007,425 
1,211,502 

12,283,399 



55, 544,^.63 



24,995,747 
4,756,176 



174,773 

7,079 

38,072 

573,551 

104,522 
76,695 
4,076 

204,891 
10,227 

254,636 
67,024 

132,641 



31,400,110 



18,865,355 

2,640,224 

165,183 

224,217 

365 ,926 

80,201 

433,077 
670,933 
19 ,420 
769,626 
133,956 
417,912 

204,234 

60,105 

9,637 

3,672,829 



28.732,840 



2,667,270 

2,629,198 

14,190 



1,220,127 
2,896 



971,824 
113,567 



8,543,643 

16,893,743 

220,682 

6,209,757 

155,281 

2,302,577 

13,386,402 

459,402 

13,438,835 

26,974,224 
282,874 

7,745,495 
518,759 
189,842 
621,083 
146,388 

1,664,267 



82,875,45. 



2,622,165 

1,660,117 

10,757,410 

230,232 

23,525 

2,002,191 

38,067,713 
2,393,383 
7,733,908 
1,494,400 

15,835,324 



32,875,468 



32,284,979 
7,482,303 



264,908 
10,626 
45,843 

819,048 

201,635 

31,817 

7,409 

182,209 

8,477 

195,487 

73,113 

170,159 



41,778,013 



23,983,564 
3,967,038 
204,875 
313,773 
518,367 
114,020 

666,267 
1,055,385 
23,324 
1,260,693 
130,548 
600,199 

238,128 

68,940 

10,449 

4,738,271 



37,993,841 



3,784,172 

3,738,329 

25,922 



,783,541 
4,212 



1,787,753 



1,996,-19 



1,354,253 
62,141 



(15) 



30,097,456 

61,333,382 

804,393 

16,225,582 

635,501 

7,599,986 
50,788,658 

1,792,411 
87,303,693 
124,824,564 

2,340,756 
38,605,774 

3,603,627 

1,659,348 

1,141,404 
530,133 

6,324,530 



349,295,661 



10,231,583 

2,769,849 

39,931,249 

286,860 

65,392 

7,732,628 

180,035,775 

5,592,243 

37,240,135 

4,928,154 

50,331,793 



349,295,651 



101,589,125 
25,305,306 



91i;796 

61,230 

167,930 

4,205,705 

767,904 

115,257 

15,849 

454,884 

39,376 

1,126,077 

394,952 

379,295 



135,535,686 



74,598,269 

13,499,248 

363,419 

1,137,304 

1,381,063 

209,159 

2,053,077 
4,585,603 
74,217 
5,189,720 
1,337,352 
1,144,701 

1,370,948 

380,772 

42,394 

11,512,742 



119.479.983 



16,055,698 

15,887,768 

12.757 



6,707,914 
6,742 



9,341,042 



6,000,455 
629,482 



^5u.-2 reported en ret'irns "itr. balar.re shee-.s filed f.-r :ax years beginning after Dec. 31, 1953 and ending on or before June 15, 1955. See this item in textual discussion, p. 11. 
'Capital s*:;cii whicn was not definitely designated as either co::mon or preferred was tabulated under corwnon stock. 
^Loss or deficit. 

*rne excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for 
s.-j-.ual accounting periods ended July through November 1954 and returns for part years which began in 1953. 
*Los3 after total taxpayment. 
:.CJTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



54 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



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ACTIVE CORPORATION INCOME TAX RETURNS -1954 



65 



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ACTIVE CORPORATION INCOME TAX RETURNS -1954 



57 



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mo-^OTOm sD-j-TOffssOkn -3<n^o* 

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c\jinc~t--Oir\ ojc-.ino>sDin rHr^mi> 



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o o -o en c- o 



sO CM P- C^ sD > 



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58 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



s 



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c-ninl>*c~-m ONO^r-r-top t-> 

t^'H^Hno c~-ONa>c^i-to or 

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cpininniSf^ o«(^in~tcnTO t^ •- 

~JOTOO'-ION OTOOJnOC^O* rJc 

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-( i-( ^ nj f-i lO 


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"^ ^ -^J c^ 



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IfNIooCT''* ^nO--IO 





2,088, 
3,064, 
1,662, 
4,523 
12,952, 


1,364, 
1,343, 
2,501, 
6,455, 
17,316, 
17,558, 


12,285, 
1,367, 
1,366, 

714, 




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ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



59 



8 8 



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^ll 



..§8 



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8§S 



sis" 



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60 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



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ACTIVE CORPORATION INCOME TAX REJrURNS-1954 



61 



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448404 0-57-6 



76 



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t^C^CMO AiSS>t 



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issss saa"- 



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ad- 



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t^ (*! O ^ nD CM 

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lAiAvOf^iAAJ AJi-l'O'H'^r^ CMr-OTO 
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Ajc-TOonco (^oo^^-oc^ o-^-^^o 



r'\ -t H r-i AJ-H tA >0 CM-< -^ 



n >J TO ON U 
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CM TO TO TO O 



N-*t^--rt^c- <jv>- 



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ACTIVE CORPORATION INCOME TAX RETURNS -1954 



77 



8 S 



•» 5 






^ll 



§§8 



S§8 



giS 



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f=S ^ C>J C 






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ni(^(Mr^o«m njc 



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« *D vO O <M f>J 



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c~-0--J'HO>>n mf^njo 

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r-l >-l H -* "n li) <7« 



amor-'-tnj ,ofAvO^— t^ P-iT*co'" 



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gg:^S;j^5 


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o>'-ioi>vO'n o&>a'H 






--fOiJ>t^ 'J5C-C^» 






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-,-,,-eocot^ njconjp-ONO ^njr 
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3 ^p-tn ^o^jniostiTi 



5 ^K op \l 

3S Ss 



njo>oocop- fn-st->t>D 
lArHrnin-J-m ryHiH 



H ^a nj o ^ <^ 



Ql -st OJ vj r 



OP-cor---too OTOC-cocoff. njnir- 



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<-J^ H'A-J nr^C^^S^ p.r-J.H 



[^ O "H in tn n) 
f\ >r oj ni u-\ o 
<> f^ ^ t> nj CO 


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CO C> ON ON 


nj -4- ry ^ yD m 


iH C^ -J f^ u-i O 


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m iH (n n ,H 00 
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'-inmoN "^ONONnj 

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H P- ■J? CO P- -J- >0 f^ P- O 



i-l ^ vD -N On OJ 
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■O nj CO O rH r-l 



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rH r\l r-J rH vO p- tn 



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co-HinpNQQ njmp-eoc 
vDrHrHcoo-J »np-eorNj,- 
OONONOnj.o nj'OfNjini- 



-J^ o o -t 



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rg oo f^ m On iH 






01 ^ .o ca 



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78 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



8 8 

o u 



».§ = 

8 S 






=-§°- 






;§8 



8§S 

.-H IM 



;§8 



m a* o^ O C^ "H \D I 
ry rj OS u^ <^ u> -^ 
ui lA -^ i-i r-\ r^ O 



oj o O O 



^C^ 0«TOnt^t--f^ 



. CM OJ 1-1 te ^ r^ 

f^ CJ \0 C- \0 r^ f^ 



•sf c^ o» -o r- -st 






H CM n n rH rH 



- rH in tn o 
> CO O m o 

- u-i O 0> -t 



■\ ^a to •£> Cr- C^ 0< -O O O'-J-^f 

3<N-J- C--t~-^OCM-4-<M CMO^OC 



'":}: 






vO iH rH (Ti 0\ CTi 

(SI \C ^ c~ a a^ 
TO -t si m 5 u-> 



lA Ov Q O f 

o -^ 5 r^ r 

m OJ o ov C 



o C7» r- a» 






■O [- -^ >I J 

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f^-sT-f ■J 



o^ to fn ^c t^ n 
>n .H o eo o -H 

■nJ .O -H Ov vf C-- 



^o^I>^-OJ r-^f^i^oj 

t r-1 -^ r\ ■O vOf^f^lJl 



8P3SS 



ir\ \0 \0 --H 



CM •>* U 

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t>irvtovDO»«o >fO'A\DvOiri \0000 



>tOO<J'TOOJ fc^iHiHiAO^ r-lt~-C^C 
H00'A£J«O>r iOCT»OjOC-0 ■OfMCMU 
3»0<Ha»r-^' <^fMr*<Mr^<M -.tmin-. 



lA (n <*> vO 0\ irT C-Q^r-TrHvO O rH r^" lA 



lAf^Of^iAO^ (^ -O •£) C 
lAi-HCOi-HOO >fO>0>u 



y (^ rH n nH rj ■£> 



r^O-4''^iA(^ lAr^Oor-iAC-- CT'iHrHOO 

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rHrH CMiACM OJOJOJ-^OrH \0 



^^O^C0^OfM^- C^^-fl^t^iA tOi-li-HCO 

'^'Ar-^co-j- ro-}ojosc--J- f^^o^DlH 

•jso'^'^t-o (M-j-f^or-iA lAcooo-if 

^CM ^0*vO c^rnr^>JC>-tO Oi 



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r^iA^OO'iATO -Jr-IAOWCO a>»TO'-i 



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■-l■c^^o<^c^ ^o-H-^^r- TO~i-vfiA 



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r-\ ■^ r^ kO 'r\ -i 0-.tu 

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fMAJcn-Jc^^- qsct-oto^to rHrHAioj 

•vj-n^j-oiAos ooo-otot^ TO«DtniA 

mO*DfH-J-iH CMrHOJTOl^O >J>AiAO 

fMOO^AiDiH -*>Oi-tOsr\C^ lAOsOsTO 

CMiAHTOCMcn HCSJr-losr-l-J- CM-OsOm 

H -* r- H 1-1 Al H TO f» -J- 



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ACTIVE CORPORATION INCOME TAX RETURNS -1954 



79 



8 S 

1^ «> 



S 8 



-S^- 



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;^8 



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-O'iJO^tO'^ cor-ir 



r^ vO O "^ ^ f^ 
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r~ vo CO (Ni a* o» 



>0 CO 'O >£> O ^ 



MCOryp-fMC-- CD -O O to -4 u 



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r^ r^ f^ in ■£ 






o I> nT ^ 

rH lO lA a» 
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rH '.^ r^ TO c^ rv 
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00 <H CT> O' ^ to 



lA vO -D *D rH C 
C- O^ o to ^ C 
vO f^ r- CT" r^ C 



r- --t m iT. O CM 

o r- >o oj -J- to 

O -^l- >J sO "A TO 



IN O O -J 



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Ai m c^ o^ ^ ■.o 
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r- ^ a^ rn TO -o o^ ■ 



(lATOC^ft) U-lr-I^OC^ 



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80 to O 
AJ (^ O 

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Osf-iATOO^J AJtOAJC^ 



-DO C~ <J< r 



lA >J <jv 

a« c* o^ Aj 



H O lA -4- \D C- 
■( t^ -J- OJ lA 



Dr-r^TiTOAj CM r^ n f'\ r 

rAior^>t»o ■srcoTOCp-- 



1 TO tc C- 
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80 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



ALL ACTIVE CORPORATION RETURNS 

Table 7.— NET INCOME OR DEFICIT. TAXES, AND DIvmENDS PAID, BY SIZE OF NET INCOME OR DEFICIT, BY INDUSTRIAL DIVISION 



Industrial division and size of net 
income or deficit 



Returns with net income 















Dividend 


s paid in 






Dividends paid in 




Net 


Income tax 


Excess profits tax^ 


cash and assets other 1 






cash and assets other 


Number 












Number 


Deficit 




















of 
























returns 




Number 


Amount 


Number 


AnOLint 


Number 


Amount 


returns 




Number 


Amount 




f7>,o....nd 


of 


(Thotiaand 




( Thousand 




(ThouaM^d 




(Thou»Mtd 




(ThouMand 




dotlara) 


returns 


dollarM) 


returns 


dollara) 


returns 


dollMra) 




dollars} 


returns 


dotUrt) 


(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


Ul) 


112) 


98,132 


38,700 


77, 571 


3,149 


. 


_ 


5,040 


15,645 


113,022 


33,781 


2,405 


52,382 


45,647 


65,907 


37,736 


15,915 


. 


_ 


4,413 


10,679 


33,798 


49,148 


1,134 


5,590 


31,083 


76,754 


26,533 


19,046 


- 


- 


3,544 


12,128 


21,483 


52,859 


626 


3,655 


22,587 


78,589 


19,611 


19,404 


_ 


_ 


3,151 


12,205 


15,581 


54,144 


532 


3,103 


18,868 


84,437 


16,745 


20, 666 


_ 


_ 


3,075 


12,969 


11,627 


52,066 


453 


8,830 


58,819 


424,565 


53, 436 


111,534 


1 


9 


12,316 


60, 101 


32,848 


233,419 


1,313 


11,933 


36,010 


445,048 


33,945 


120,712 


15 


1 


9,097 


67,074 


14,834 


131,900 


724 


5,786 


25,399 


442,707 


24,333 


123,743 


12 


3 


7,253 


54,147 


8,292 


143,256 


533 


5,775 


24,420 


551,439 


23,740 


156,903 


238 


46 


6,998 


60,909 


5,167 


115,568 


326 


7,250 


35,397 


1,219,066 


34,179 


395,420 


1,530 


1,028 


14,216 


188,224 


11,044 


380,845 


382 


25,620 


18,877 


1,320,471 


18,288 


519,229 


743 


1,440 


9,495 


229, 109 


5,213 


357,672 


466 


15,829 


13,805 


2,140,746 


13,448 


923,691 


543 


2,408 


3,105 


384,086 


2,473 


377,363 


363 


35,066 


5,399 


1,885,549 


5,298 


842,296 


251 


2,306 


3,578 


366,092 


747 


250, 347 


132 


23,367 


2,953 


2,058,194 


2,908 


937,714 


140 


2,550 


2,164 


447,436 


264 


184,573 


70 


25,145 


2,889 


6,000,353 


2,823 


2,696,571 


164 


8,672 


2,387 


1,715,879 


199 


381, 578 


69 


35,275 


432 


3,051,316 


426 


1, 364, 567 


22 


5,956 


392 


1,012,618 


21 


138,439 


12 


52,468 


460 


19,688,489 


452 


8,547,618 


15 


13,292 


417 


6,941,509 


10 


257,387 


4 


5,546 


441,177 


39,572.330 


391,522 


'16,823,241 


3,724 


37,711 


95,641 


11,590.810 


281,628 


3,244,395 


10.044 


322,620 


836 


330 


681 


65 






63 


133 


1,076 


360 


<.') 


(') 


374 


529 


232 


115 


. 


_ 


35 


53 


491 


717 


- 


_ 


337 


826 


240 


166 


_ 


_ 


32 


168 


323 


807 


(') 


(') 


239 


839 


184 


183 


_ 


_ 


65 


943 


191 


651 


_ 


- 


305 


1,371 


274 


345 


_ 


_ 


30 


108 


201 


900 


- 


- 


603 


4,423 


463 


947 


_ 


_ 


119 


570 


757 


5,509 


<',' 


'^' 


593 


7,323 


508 


1,767 


_ 


_ 


137 


1,647 


260 


3,234 


<^' 


'.' 


296 


5,310 


263 


1,291 


_ 


- 


75 


1,138 


174 


2,943 


(') 


( = ) 


235 


5,183 


214 


1,341 


2 


(M 


45 


633 


91 


2,057 


- 




530 


18,013 


487 


5,199 


24 


10 


203 


3,513 


271 


9,776 


_ 


- 


181 


13,070 


166 


4,120 


2 


2 


63 


1,283 


122 


7,788 


6 


48 


140 


21,095 


122 


7,542 


16 


O) 


70 


3,419 


63 


9,684 


18 


309 


33 


11,796 


32 


4,685 


_ 


_ 


20 


2,225 


12 


3,558 


_ 


_ 


24 


16,562 


23 


6,852 


1 


i 


12 


2,354 


5 


2,572 


_ 


- 


12 


24,162 


12 


11,018 


- 


_ 


6 


3,664 


1 


3,329 


- 


- 


1 


9,548 


1 


3,623 


_ 


_ 


_ 


_ 


_ 


- 


- 


- 


2 


35,778 


2 


16,454 


- 


- 


1 


26,325 


- 


- 


- 


- 


4,741 


176,168 


3,954 


o5,713 


45 


56 


976 


48,176 


4,038 


53,88? 


67 


1,103 


542 


249 


412 


47 






72 


475 


1,539 


402 


21 


77 


298 


394 


203 


75 


_ 


_ 


32 


597 


402 


591 


19 


238 


141 


356 


105 


65 


_ 


- 


20 


136 


263 


625 


23 


313 


174 


612 


153 


146 


_ 


_ 


72 


480 


231 


796 


17 


363 


200 


837 


183 


225 


_ 


_ 


39 


258 


209 


958 


21 


232 


518 


3,932 


457 


1,010 


_ 


_ 


173 


1,726 


617 


4,567 


51 


2,533 


448 


5,559 


389 


1,417 


_ 


- 


93 


1,297 


393 


4,875 


44 


948 


299 


5,239 


278 


1,377 


_ 


_ 


52 


1,033 


279 


4,777 


10 


551 


319 


7,201 


287 


1,889 


1 


(') 


60 


952 


143 


3,259 


23 


546 


454 


15,633 


426 


4,860 


26 


8 


142 


5,4CS 


543 


19,541 


54 


1,355 


336 


22,896 


304 


8,170 


9 


16 


131 


8,723 


404 


27,906 


22 


3,020 


266 


40,433 


258 


17,251 


6 


11 


142 


17,488 


218 


33,771 


21 


4,538 


102 


36,386 


100 


15,659 


3 


14 


64 


20,045 


45 


13,376 


4 


1,937 


62 


44,859 


60 


20,440 


1 


48 


41 


33,682 


18 


12,307 


6 


2,223 


68 


159,761 


67 


65,982 


1 


67 


55 


96,331 


24 


43,032 


5 


1,743 


10 


64,167 


10 


20,039 


_ 


_ 


7 


33,071 


3 


18,700 


1 


846 


11 


536,979 


11 


268,812 


1 


1,086 


11 


497,668 


1 


15,652 


- 


- 


4,248 


946,048 


3,708 


427,464 


48 


1,250 


1,206 


719,376 


5,337 


205,135 


342 


21,468 


4,282 


1,687 


3,478 


357 






131 


90 


5,452 


1,763 


92 


124 


2,019 


2,884 


1,663 


565 


_ 


_ 


122 


333 


1,734 


2,455 


49 


82 


1,315 


3,275 


1,088 


777 


- 


- 


121 


321 


1,156 


2,853 


15 


20 


1,006 


3,481 


873 


351 


_ 


- 


80 


137 


877 


3,069 


5 


14 


942 


4,227 


807 


964 


_ 


- 


72 


141 


638 


2,839 


5 


51 


2,946 


20,621 


2,665 


5,305 


_ 


_ 


287 


1,160 


1,846 


13,228 


46 


141 


1,935 


24,114 


1,789 


6,377 


5 


(*) 


190 


799 


1,009 


12,426 


8 


68 


1,409 


24,348 


1,358 


6,372 


_ 


_ 


218 


997 


401 


6,972 


20 


229 


1,582 


35,350 


1,519 


10,153 


7 


1 


241 


1,537 


329 


7,422 


2 


2 


1,981 


66,337 


1,887 


21,354 


110 


57 


405 


4,571 


705 


24,112 


61 


4,022 


1,020 


71,162 


986 


28,570 


53 


120 


325 


4,733 


373 


25,375 


22 


189 


621 


93,970 


608 


42,118 


27 


97 


274 


8,025 


165 


25,463 


16 


405 


204 


70,112 


204 


33,327 


14 


105 


114 


8,679 


24 


7,843 


5 


550 


83 


58,460 


83 


27,921 


3 


32 


57 


7,658 


7 


4,553 


- 


- 


58 


103,792 


56 


47,953 


2 


100 


47 


17, 282 


3 


5,571 


- 


- 


3 


48,718 


8 


22,789 


- 


_ 


7 


12,893 


- 


- 


_ 


_ 


21,411 


633,538 


19,072 


256,353 


221 


512 


2,691 


69,411 


14,719 


145.944 


346 


5,397 


10,691 


4,366 


8,155 


851 






531 


884 


11,841 


3,975 


272 


904 


5,446 


7,885 


4,253 


1,738 




_ 


431 


1,069 


4,903 


7,113 


256 


1,344 


3,864 


9,595 


3,165 


2,271 


_ 


_ 


448 


1,116 


3,504 


8,641 


110 


618 


3,019 


icr,464 


2,411 


2,364 


_ 


_ 


350 


1,326 


2,649 


9,223 


106 


712 


2,719 


12,219 


2,271 


2,791 


, 


_ 


415 


2,527 


2,213 


9,889 


118 


1,254 


8,909 


64,321 


7,707 


16,255 


1 


9 


1,71b 


9,044 


6,459 


46,296 


302 


3,572 


5,824 


71,674 


5,318 


18,738 


. 


_ 


1.285 


8,391 


3,545 


43,666 


229 


1,967 


4,498 


78,531 


4,232 


21,599 


1 


(') 


1,170 


9,075 


2,232 


33,694 


196 


2,130 


4,841 


109,383 


4,697 


31,093 


52 


4 


1,295 


11,361 


1,614 


36, 136 


136 


3,665 


7,809 


273,302 


7,463 


90,428 


393 


263 


2,905 


37,271 


3,557 


123,650 


335 


8,063 


5,626 


398,587 


5,431 


164,078 


308 


632 


2,703 


59,486 


2,001 


139,286 


265 


9,347 


5,382 


845,030 


5,28? 


388,355 


301 


1,431 


3,211 


131,639 


1,129 


173,367 


203 


18,362 


2,499 


874,739 


2,463 


417,044 


177 


1,683 


1,682 


151,619 


362 


123,793 


88 


9,373 


1,458 


1,015,788 


1,445 


499,134 


105 


1,836 


1,103 


188,157 


146 


101,940 


51 


12,677 


1,566 


3,253,765 


1,560 


1,624,735 


137 


7,430 


1,329 


783,211 


113 


212,825 


48 


13,941 


224 


1,584,692 


224 


792,229 


18 


5,400 


206 


447,065 


13 


86,776 


8 


42,194 


233 


11,039,210 


233 


5,377,957 


14 


12,206 


221 


3,856,237 


7 


193,416 


4 


5,546 


74,608 


19,653,551 


66,313 


9,451,660 


1,507 


30,899 


21,001 


5,699,478 


46.288 


1,363,686 


2,727 


135,674 



Returns without net income 



ALL INDUSTRIAL DIVISIONS 

Under $1,000 

»1,000 under $2,00C 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,030 

$5,000,000 under $10,000,000 

$10,000,000 or more 

Total 

ACKICULTURE, FORESTRY, AND FISHUY 

Under $1, 000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 

Total 

raNING AND QUAHRYINQ 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 

Total 

OONSTHUCIION 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 

Total 

UANUFACTURINQ 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,00C under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 

Total 

See footnotes at end of table. See text for explanatory atatementa and for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



81 



ALL ACTIVE CORPORATION RETURNS 

TtbU 7.— NET mCOME OR DEFICIT, TAXES. AND DIVIDENDS PAID, BY SIZE OF NET INCOME OR DEFICIT, BY INDUSTRIAL DIVISION— ConUnuod 



Industrial division and siie of net 
income or deficit 



PUBLIC OTnniES 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

W.00,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 



Total. 



TRADE 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000.. 
$5,000,000 under $10,000,000. 
$10,000,000 or more 



Total. 



FINANCE, INSURANCE, REAL ESTATE, AND LESSORS 
OF REAL PROPERTY 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 



Total 

SERVICES 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000.. 
$5,000,000 under $10,000,000. 
$10,000,000 or more 



Total 

NATURE OF BUSINESS NOT ALLOCABLE 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 



Returns with net income 



Number of 

returns 



(1) 



3,879 

1,875 

1,365 

711 

747 

2,239 

1,269 

875 

855 

1,359 

809 

608 

276 

210 

211 

58 

90 



17,436 



33,774 

16,079 

10,754 

7,991 

6,040 

19,922 

11,826 

8,630 

7,659 

10,674 

5,123 

3,176 

987 

427 

313 

31 

26 



143,432 



Total. 



33,354 

15,207 

10,317 

7,426 

6,205 

19,105 

11,405 

7,639 

7,375 

10,352 

4,824 

3,087 

1,113 

580 

593 

88 

94 



Net 

Ijicorae 



12) 



1,517 

2,704 

3,367 

2,480 

3,340 

15,981 

15,662 

15,339 

19,328 

46,473 

56,735 

97,725 

95,898 

149,942 

467,058 

416,866 

3,299,438 



4,709,853 



13,615 

23,365 

26,527 

27,821 

27,127 

143,838 

146,118 

150,343 

172,888 

364,989 

358,099 

483,273 

341,175 

291,728 

589,111 

220,286 

976,355 



138,764 



9,983 

4,128 

2,868 

1,925 

1,629 

4,380 

2,543 

1,676 

1,533 

2,133 

946 

515 

183 

108 

66 

12 



34,682 



791 
221 
122 
96 
81 
197 
167 
77 

a 

55 
12 
10 
2 
1 
2 



1,855 



12,893 

21,761 

25,531 

25,852 

27,612 

139,140 

141,220 

133,085 

166,646 

356,434 

333,949 

479,006 

390,710 

404,420 

1,269,210 

619,443 

3,746,228 



Number of 
returns 



(3) 



3,011 

1,490 

1,128 

582 

644 

2,011 

1,200 

828 

797 

1,300 

791 

581 

269 

207 

207 

57 

90 



15,193 



26,875 

13,115 

9,047 

6,868 

5,270 

17,990 

U,212 

8,348 

7,496 

10,389 

5,033 

3,139 

931 

421 

313 

31 

26 



126,554 



3,293,140 



3,776 

6,072 

6,970 

6,712 

7,279 

30,865 

31,234 

29,139 

34,503 

75,518 

65,021 

73,145 

63,411 

75,529 

131,372 

88,096 

54,501 



788,14 3 



267 

313 

307 

328 

375 

1,444 

2,139 

1,373 

457 

1,357 

952 

2,069 

822 

906 

2,122 



27,368 

13,482 

9,403 

6,893 

5,848 

18,186 

11,011 

7,371 

7,249 

10,073 

4,663 

2,946 

1,077 

560 

540 

83 



Amount 
(•Thom.doi.J 



14) 



323 

594 

791 

553 

307 

4,191 

4,278 

4,247 

5,251 

15,237 

23,156 

42,485 

44,391 

71,433 

220,569 

197,124 

1.673,219 



2,308,655 



2,738 

5,388 

6,640 

6,766 

6,327 

37,376 

39,929 

42,924 

49,687 

122,771 

148,813 

221,524 

162,185 

140,730 

238,915 

109,202 

493,107 



1,890,522 



7,065 

3,117 

2,276 

1,556 

1,332 

3,800 

2,351 

1,588 

1,470 

2,095 

908 

499 

170 

108 

66 

12 



28,467 



526 

181 

81 

86 

66 

157 

167 

67 

U 

54 



jhiK' 



3,000 

5,976 

6,735 

6,932 

7,356 

37,858 

39,327 

36,998 

47,703 

110,583 

U6,146 

170,299 

136,334 

134,003 

177,808 
684,580 



Excess profits tax^ 



Number of 
returns 



(5) 



9 

67 

520 

214 

118 

34 

10 

14 



717 

1,297 

1,540 

1,513 

1,760 

7,765 

8,274 

8,074 

9,716 

24,511 

25,923 

33,375 

28,273 

36,737 

64,710 

41,753 

28,489 



324,432 



51 

67 

61 

91 

91 

327 

605 

361 

70 

477 

253 

741 

393 

464 

843 



2 
73 
254 



Amount 
fTTvua. do/. J 



(6) 



69 
100 
120 
192 



2 

16 
284 
422 
440 
276 
237 
643 



205 
56 
28 
7 

12 



1 

18 

155 

Ul 

218 

52 

29 

14 

45 



Dividends paid in 

cash and assets other 

than own stock 



Number of 
returns 



157 
232 
121 
90 
133 
399 
346 
191 
187 
498 
385 
333 
171 
137 
175 
55 
34 



3,694 



1,714 

1,363 

1,206 

1,022 

904 

3,915 

2,300 

2,330 

2,189 

3,954 

2,326 

1,729 

621 

298 

230 

28 

26 



26,655 



1 
221 
104 
102 
76 
244 
226 
511 



(^) 



1,993 

1,873 

1,368 

1,273 

1,222 

4,916 

3,667 

2,767 

2,596 

5,410 

3,116 

2,094 

813 

448 

488 

78 

70 



Amount 
(Thoua.dol.) 



18) 



392 

505 

846 

1,191 

420 

1,9U 

2,763 

1,369 

2,333 

7,812 

11,407 

20,470 

20,243 

40,207 

239,053 

204,528 

1,465,406 



2,020,914 



4,873 

3,015 

3,157 

2,940 

3,821 

16,293 

15,969 

16,943 

17,535 

47,014 

44,852 

69,525 

54,248 

49,256 

U3,929 

72,391 

314,796 



870,572 



Returns without net Income 



Number of 
returns 



(9) 



4,819 

1,569 

303 

658 

405 

1,275 

613 

286 

203 

525 

199 

186 

78 

23 

34 

4 

1 



11,636 



32,379 

12,799 

3,106 

6,522 

4,750 

13,851 

6,000 

3,353 

1,935 

3,582 

1,240 

375 

99 

33 

11 

1 



34,192 



359 

265 

213 

164 

239 

771 

562 

440 

335 

537 

445 

252 

93 

67 

56 

11 



5,033 



(') 

'\'> 
(') 

(') 

(') 

(') 

(') 



7,945 


41,215 


3,538 


7,359 


5,628 


4,292 


4,427 


2,641 


4,694 


1,825 


25,862 


4,095 


32,769 


1,717 


19,854 


336 


23,755 


440 


72,745 


1,235 


87,651 


541 


121,693 


ai 


99,518 


89 


U2,464 


23 


405,750 


5 


214,860 


- 


760,555 


- 



2,003,718 



329 

875 

750 

358 

930 

3,435 

3,314 

3,683 

2,753 

9,774 

10,864 

11,827 

9,515 

13,608 

35,582 

27,810 

20,512 



156,459 



<^' 
'■V 

'^' 
(^) 
(') 



115 
50 



50 
1,072 



95,091 



(10) 



1,423 
2,328 
2,015 
2,325 
1,313 
9,191 
7,474 
4,929 
4,557 
17,962 
14,292 
28,223 
25,565 
15,905 
75,973 
27,053 
23.494 



259,528 



11,045 
13,848 
19,968 
22,635 
21,293 
93,172 
73,511 
57,972 
44,345 
122,429 
83,821 
55,015 
33,402 
23,516 
16,314 
5,960 



Dividends paid in 

cash and assets other 

than own stock 



Number of 
returns 



(11) 



708,896 



13,609 

4,032 

2,714 

1,516 

1,246 

3,673 

1,209 

641 

342 

593 

302 

131 

38 

9 

7 



6,092 

509 

317 

196 

140 

275 

33 

35 

20 

33 

31 



X 



9,947 
10,520 
10,520 

9,155 

8,186 
28,606 
20,807 
15,303 

9,691 
42,148 
35,839 
32,527 
29,309 
17,506 

9,153 



4,029 

5,845 

6,657 

5,550 

5,562 

25,918 

14,800 

11,085 

7,683 

20,128 

a,073 

19,313 

13,501 

5,174 

14,871 

14,825 



197,015 



705 

380 

252 

284 

194 

644 

303 

221 

123 

253 

109 

61 

15 

5 

2 



1,004 

296 

152 

69 

75 

99 

55 

21 

16 

107 

20 

17 

9 



Amount 
CThoua.do/.J 



108 
90 
42 
35 
27 

125 
63 
34 
10 
24 



337 


( 


730 


( 


772 




689 




626 




1,932 




1,007 




581 


( 


418 




1,099 


( 


2,292 





10,983 






(12) 



278 

134 
32 

18 

53 

lU 

99 

122 

372 

3,942 

430 

1,800 

9,523 

8,489 

18,544 

9,423 



31,593 
1,510 
1,337 
1,100 

823 
3,U5 
1,116 
1,997 
1,106 
3,307 
1,913 
3,176 

718 
1,741 

664 



55,351 



18,300 

2,ia 

. 1,267 

357 
6,279 
2,004 
1,302 

394 

996 
3,682 

580 
5,692 
1,160 

333 



391 

53 

64 

37 

138 

361 

205 

261 

53 

499 

302 

284 

101 

10 



(') 

(') 



(^} 



^The excess profits lax law terminated Etec. 31, 1953. Excess profits tax tabulated for this report was the tajc on income earned before that date and reported on returns for 
annual accounting periods ended July through November 195i and returns for part years which began in 1953. 

^Included in the total, but not In the detail, is $63,000 of tax reported on returns with no net inccane. See "Explanation of Terms," Income tax , p. 25. 
Sampling variability of this item was too large to warrant showing it separately. However, this value was included in each total. Less than $500. 
NOTE: See text for explanatory statements and for "Description of the Sangile and Limitations of Data." 



82 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



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ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



ALL ACTIVE CORPORATION RETIRNS 

T«bl« »._DIVIDENDS RECEIVED AND INTEREST RECEIVED ON OOVEBNMENT OBLIOATIONS, BY SIZE OF NET INCOME OR DEFICIT 













Returns with net 


Income 










Total 
number 

of 
returns 


Dividends received from — 


Interest received on Government obligations 
(less amortizable bond premium) 


Size of net Income 


Domestic corporations 


Foreign corporations 


Wholly 


taxable 


Subject to 


surtax only 


Wholly tax-exempt 




Number of 
returns 


Amount 

(Thouiand 
dollars) 


Number of 

returns 


Amount 

(Thousar^d 
dollars) 


Number of 
returns 


Amount 

fTTioua.nd 
dollars) 


Number of 
returns 


Amount 

(Thousand 
dollars) 


Number of 
returns 


Amount 

(Thousand 
dollars) 




(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 


(9) 


(10) 


(U) 




98,132 
45,647 
31,083 
22,587 
18,868 

58,819 
36,010 
25,399 
24,420 
35,397 

18,877 
13,805 
5,399 
2,953 
2,889 
432 
460 


2,775 
1,572 
1,480 
1,230 
1,077 

4,400 
3,067 
2,322 
2,113 
4,960 

3,732 

3,316 

1,611 

963 

1,166 

241 

316 


1,580 
1,976 
1,948 
1,429 
1,547 

8,717 
7,496 
7,578 
5,203 
33,813 

50, 114 
98,451 
96,084 
107,894 
375,696 
225,654 
1,227,882 


121 

77 

3 

19 

44 

151 
94 
90 
54 

242 

247 
270 
181 
U5 
338 
99 
177 


61 
54 
2 

5 
19 

241 
288 
281 
220 
1,593 

1,949 
3,191 
3,830 
10,953 
56,219 
40,330 
487,211 


2,119 

1,395 

1,146 

913 

1,095 

4,041 
3,434 
3,011 
2,992 
6,552 

4,727 
4,398 
2,166 
1,417 
1,711 
324 
378 


2,472 
2,903 
2,603 
2,904 
3,093 

21,063 
33,336 
33,393 
33,736 
119,134 

126,741 
213,915 
128,281 
132,593 
346,308 
138,530 
656,795 


141 
53 
57 
17 
52 

252 
334 
246 
305 
734 

759 
697 
294 

199 

247 

55 

67 


51 
98 
42 
2 
27 

88 

919 

531 

491 

1,896 

2,655 
5,479 
4,383 
5,834 
22,395 
12,537 
40,752 


170 
236 
228 
159 
275 

1,219 
1,487 
1,289 
1,395 
3,329 

2,285 
1,353 
845 
485 
571 
105 
147 


259 




534 


i? OOO undpr ^3 000 


518 




322 




438 




2,947 




4,613 




4,853 




5,773 




19,182 




24,680 


*100 000 under 1?50 000 


36,664 




31,622 




28,599 


±1 000 000 under 55.000.000 


76,635 




36,233 


$10,000,000 or more 


110,400 




4^1,177 


36,341 


2,253,062 


2,352 


605,952 


41,824 


1,997,805 


4,559 


98,230 


16,083 


384,322 
















Returns 


without net income 










Total 

number 

of 

returns 


Dividends received from — 


Interest received on Government obligations 
(less amortizable bond premium) 


Size of deficit 


Danestic c 


orporations 


Foreign corporations 


Wholly 


taxable 


Subject to 


surtax only 


Wholly tax-exempt 




Number of 
returns 


Amount 

(Thousand 
dollars) 


Number of 
returns 


Amount 

dollars) 


Number of 
returns 


Amount 

(Thoosand 
dollars) 


Number of 
returns 


Amount 

( Thousand 
dollars) 


Number of 
returns 


Amount 

(Thousand 
dollars) 




(12) 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 


(21) 


(22) 




113,022 
33,798 
21,483 
15,581 
11,627 

32,848 
14,834 
8,292 
5,167 
11,044 

5,213 

2,478 

747 

264 

199 

23 
10 


1,913 
516 
433 
381 
299 

856 
435 
334 
192 
587 

369 
262 
102 
43 
64 

9 
2 


38,737 

1,195 

622 

603 

506 

1,999 

1,150 

1,306 

309 

2,765 

2,327 
6,974 
5,218 
2,020 
4,652 

2,176 
6,105 


72 
16 
12 
1 
13 

29 
9 
3 
4 

27 

11 
22 
10 

7 
12 

1 
4 


1,269 

51 

13 

66 

64 
89 

1 

1 

224 

229 
620 
806 
41 
1,173 

400 
1,134 


3,869 
601 
414 
301 
336 

772 
422 
321 
220 
649 

364 

300 

124 

59 

65 

11 
4 


74,004 

1,143 

885 

440 

1,419 

l,lif) 

2,191 

588 

549 

3,091 

3,767 
5,X8 
4,226 
2,976 
3,233 

1,850 
426 


184 

32 

16 

1 

5 

24 

11 
7 
1 

36 

11 
13 
5 
2 
2 

1 
1 


336 
9 
1 
1 

(M 

12 
4 
12 
(M , 

17 

12 
46 

26 
6 

3 

7 

7 


241 

152 

102 

11 

27 

100 

11 
35 

5 
64 

72 
37 
24 
9 

14 

2 


2,488 


$1,000 under $2,000 


583 
778 


$3,000 under $4,000 


104 


45 000 under £10 000. 


41 
1,205 


$15,000 under $20,000 


72 
196 




1 


125 OOO under i50 000. . 


354 


$50,000 under $100,000 

$100,000 vmder $250,000 

$500,000 under $1,000,000 

$1 000 000 under $5,000,000 


665 
492 

447 
lAO 
507 


$5,000,000 under $10,000,000 

$10,000,000 or more 


8 


Total 


281,628 


6,797 


79,164 


253 


6,188 


8,332 


113,905 


352 


501 


906 


8,081 



^Less tlian $500. 

NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



84 



ACTIVE CORPORATION INCOME TAX RCTURNS-1954 



ALL ACTIVE CORPORATION RETURNS 



Table 10.— TYPE OF DIVIDENDS PAID, BY SIZE OF NET INCOME OR DEFICIT 



Size of net income 



Returns with net income 



Total 
number 

of 
returns 



Dividends paid 



Only cash and assets 
other than own stock 



Number 
of 

returns 



(Thousand dollars) 



Only corporation's 
own stock 



{Thoawand dollars) 



cash and assets other than own stock, 
and corporation's own stock 



Number 

of 
returns 



Amount of cash 
and assets 
other than 
own stock 

( rtiouaand dollars) 



Amount of 

corporation's 

own stock 

(Thousand doHara) 



(1) 



(i) 



(■;) 



(5) 



(6) 



(7) 



(8) 



Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000.. 

$5,000,000 under $10,000,000. 
$10,000,000 or more 

Total 



98,132 
45,&47 
31,083 
22,587 
18,868 

58,819 
36,010 
25,399 
24,420 
35,397 

18,877 
13,805 
5,399 
2,953 
2,889 

432 
460 



5,000 
4,380 
3,525 
3,129 
3,(X7 

12,193 
8,903 
7,110 
6,826 

13,786 

9,164 
7,794 
3,395 
2,034 
2,188 

355 

381 



15,344 
10,548 
11,981 
12,170 
12,892 

59,732 
66,312 
53,204 
59,998 
184,039 

223,250 
374,111 
353,827 
427,991 
1,598,415 

935,147 
6,438,092 



124 
96 
71 
61 
72 

282 
230 
190 
286 
349 

242 

162 

51 

27 

16 

2 

3 



1,373 
2,661 
1,076 
1,185 
1,217 

7,315 
7,213 
7,167 
9,367 
22,027 

20,705 
23,061 
13,987 
11,820 
13,579 

4,099 
12,024 



40 
33 
19 
22 
28 

123 
194 
W3 
172 
430 

331 
311 
183 
130 
199 

37 
36 



301 
131 
147 
35 
77 

369 
762 
943 
911 
4,185 

5,859 

9,975 

12,265 

19,445 

117,464 

77,471 
503,417 



551 
877 
328 
271 
877 

2,430 
4,431 
5,331 
6,124 
23,360 

28,522 
60,440 
47, 520 
55,560 
164,384 

84,590 
670,988 



441,177 



93,210 



Size of deficit 



Returns without net income 



Total 
number 



Dividends paid 



Only cash and assets 
other than own stock 



Number 

of 
returns 



(Thousand dollars) 



Only corporation's 
own stock 



Number 

of 
returns 



(Thovaand dollars) 



Both cash and assets other than own stock, 
and corporation's own stock 



Number 

of 
returns 



Amount of cash 
and assets 
other than 
own stock 

(Theruaartd dollars 



Amount of 

corporation's 

own stock 

(Jlioiisand dollars) 



(9) 



(10) 



(11) 



(12) 



(13) 



(14) 



(15) 



(16) 



Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000...". 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000.. 

$5,000,000 under $10,000,000. 
$10,000,000 or more 

Total 



18,022 


2,393 


33,798 


1,132 


21,483 


614 


15,581 


522 


11,627 


453 


32,843 


1,293 


14,834 


717 


8,292 


520 


5,167 


317 


11,044 


868 


5,213 


456 


2,478 


349 


747 


124 


264 


67 


199 


66 


21 


11 


10 


4 



52,333 
5,584 
3,597 
3,049 
8,830 

9,924 
5,694 
5,612 
7,122 
25,603 

14,831 
X,510 
22,375 
24,651 
33,245 

52,191 
5,546 



2,808 

1,158 

396 

461 

272 

1,410 

1,387 

112 

506 

629 

976 
1,209 
1,352 

3,069 



49 

6 

58 

54 

2,009 
92 
163 
128 
17 

998 
556 
992 
494 
2,030 

277 



11 

15 

1,379 

14 

363 

187 
433 
507 
182 

2,470 
2,706 
4,514 
950 
2,656 

1,449 



281,628 



17,836 



^DTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



85 



ALL ACTIVE CORPORATION RETURNS 



T«bl« U.— CASH DIVnjENDS PAID, BY INCOME STATUS, BV INDUSTRIAL DIVISION 



Industrial division or subdivision 



Returns with net income 



Number of 
returns 



Dividends paid in cash 



Number of 
returns 



(TTtovaattd 
doIl»ra) 



Returns with 
balance sheets 



Number of 
returns 



Amoujlt 
(Thousand 



Returns without net income 



Number of 
returns 



Dividends paid in cash 



(Thouiar 
dot ton 



Retm-ns with 
balance sheets 



Number of 
returns 



Amount 
(ThouMond 
dollara) 



(1) 



l^) 



(-') 



(•;) 



(i) 



(7) 



(8) 



Ail industrial divisions 

Agriculture, forestry, and fishery 

Uining and quarr>*ing 

Construction 

Manufacturing 

Public utilities 

Trade 

Wholesale 

Retail 

Trade not allocable 

Finance, insurance, real estate, and lessors of reel property. 

Banlcs and trust ccnipanles 

Other finance 

Insurance carriers and agents 

Heal estate and lessors of real property, except buildings.. 

Services 

Nature of business not allocable 



«1, 177 

4,741 
4,248 
21,411 
74,608 
17,436 

143,432 
50,788 
80,003 
12,641 

138,764 
U,792 
20,416 
9,572 
94,934 

34,682 
1,855 



95,222 

976 

1,200 

2,671 

20,929 

3,666 

26,535 

10,725 

13,483 

2,327 

34,055 

11, 510 

6,688 

2,266 

13,591 

5,002 
188 



11,517,013 

47,348 
718,624 

68,261 
5,669,869 
2,007,645 

860,933 
314,056 
509,012 
37,665 

1,994,880 
517,694 
973, 521 
297,06.4 
206,601 

146,778 
2,675 



94,385 

971 

1,194 

2,665 

20,816 

3,6U 

26,343 
10,627 
13,393 
2,323 

33,614 
11,447 
6,572 
2,253 
13,342 

4,980 



11,458,275 

47,322 
713,509 

67,818 
5,661,633 
1,990,807 

849,492 
312,089 
500,405 
36,998 

1,978,360 
513,124 
966,346 
296,675 
201,715 

146,659 
2,675 



281,628 

4,038 
5,337 
14,719 
46,288 
11,686 

95,091 

26,276 

59,950 

8,865 

66,575 

888 

12,506 

3,318 

49,863 

30,163 
7,731 



9,841 

67 
337 
334 
2,700 
316 

3,462 

1,091 

2,145 

226 

1,925 

164 

679 

99 

983 

560 
140 



312,103 

1,103 
21,468 

5,827 

131,729 

53,903 

53,888 

38,964 

13,857 

1,067 

40,222 
1,967 

27,233 
2,027 
8,995 

2,727 
1,236 



I'J) 



9,382 

67 

326 

324 

2,656 

294 

3,358 

1,046 

2,087 

225 

1,713 

144 

604 

97 

868 

534 
110 



(10) 



296,627 

1,103 
21,413 

5,561 

123,965 

52,636 

52,062 

37,729 

13,295 

1,038 

36,387 
1,204 

25,758 
1,992 
7,433 

2,413 
1,087 



NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



86 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



ALL ACTIVE CORPORATION RETLRNS 



Table 12.— INVENTORY VALUATION METHOD, BY MAJOR INDUSTRIAL GROUP 



Major industrial group 



Total 
active 

corporation 
returns 



Number of returns by inventory valuation method 



Cost only 



Cost-or. 
market only 



Other only 



Cost and 
cost-or- 
market 



Cost, cost- 
or-market, 
and other 



Cost and 
other 



Cost-or- 

inarket and 
other 



(11 



Ul 



All industrial groups. 



Agriculture, forestry, and fishery. 
Farms and agricultural services.. 

Forestry 

Fishery 



Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production. 
Nonmetallic mining and quarrying 



Construction 

Manufacturing ; . . . . 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture. . 

Furniture and fixture 

Paper and allied products 

Printing, publishing, and allied industries. 

Chemicals and allied products 

Petroleum and coal products 



Rubber products 

Leather and products 

Stone, clay, and glass products 

primary metal industries 

Fabricated metal products, except ordnance, machinery, and 

transportation equipment. 
Machinery, except transportation equipment and electrical. . 



Electrical machinery and equipment 

Transportation equipment, except motor vehicles 

Motor vehicles and equipment, except electrical 

Ordnance and accessories 

Scientific instruments; photographic equipment; watches, clocks. 
Other manufacturing 



Public utilities 

Transportat ion 

Communication 

Electric and gas utilities. 

Other public utilities 

Trade 



Wholesale 

Commission merchants 
Other wholesalers... 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishlngs. 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 



Trade not allocable 

Finance, insurance, real estate, and lessors of real property 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity-exchange brokers and dealers 

Insurance carr iers and agents 

Insurance carriers 

Insurance agents and brokers 



Real estate, except lessors of real property other than buildings. 
Lessors of real property, except buildings 



Hotels and other lodging places 

Personal serv ices 

Business services 

Automotive repair services and garages. 

Miscellaneous repair services, hand trai 

Motion pictures 

Ajiiusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



722,805 

8,779 

7,971 

262 

5i6 

9,585 
1,018 
140 
1,424 
4,852 
2,151 

36,130 

120, 896 
2,759 
10,289 
172 
5,270 
13,750 

5,634 
4,598 
2,737 
14,158 
7,356 
715 

793 

2,520 

4,284 

3,241 

11,775 

11,716 

3,937 
1,206 
1,149 
88 
2,027 
10,672 

29,122 

21,456 

4,433 

1,148 

2,085 

238,523 

77,0eA 
10,731 
66,333 

139,953 
10, 597 
7,545 
18,469 
13,186 

25,218 
5,916 
18,644 
15,992 
24,386 

21,506 

205,339 

47,602 

14,680 

24,418 

6,899 

1,605 

12,890 
3,004 
9,886 

139,821 

5,026 

64,845 
7,474 
12,540 
15,792 
6,151 

3,587 
5,712 
6,785 
6,804 

9,586 



3,3C9 

3,205 

52 

52 

2,667 
155 
(M 

425 
1,026 
1,035 

17,967 

93,847 

2,257 

8,338 

129 

4,260 

10,112 

4,385 
3,953 
2,393 
8,688 
6,074 
559 

660 
2,085 
3,392 
2,537 
9,464 

9,083 

3,370 
932 
989 

1,638 
8,500 

5,284 

3,475 

846 

532 
431 

180,804 

54,727 

3,157 

51,570 

110,612 

8,242 

6,098 

15,5(S 

10,780 

20,590 
4,824 
13,823 
13,250 
17,496 

15,465 

11,863 

1,059 

783 
276 



103 

10,498 

183 

20,760 
2,353 
5,798 
3,093 
2,475 

2,382 
1,351 
1,721 
1,587 

1,125 



908 
866 

(') 

(M 

1,013 
42 

(M 

165 
435 
374 

6,274 

15,406 

550 

1,661 

(M 
364 
531 

825 
540 
264 
2,485 
1,213 
184 

69 

183 

836 

418 

1,630 

2,136 

506 
216 

156 

318 
1,264 

2,745 

1,559 

558 

350 

268 

33,341 

8,545 

800 

7,745 

21,624 

2,096 

944 

1,457 
1,765 

3,099 
1,293 
5,580 
2,359 
3,020 

3,172 

7,049 

487 

319 

168 



6,374 
104 

7,751 
1,074 
2,107 
1,115 
732 

632 

688 
738 
665 



257,531 

2,029 
1,977 

(') 

(M 

1,569 
97 
(M 
252 
543 
653 

11,566 

76,361 
1,672 
5,535 
80 
3,770 
9,541 

3,492 
3,399 
2,061 
6,166 
4,800 
357 

576 
1,880 
2,512 
2,046 
7,740 

6,845 

2,825 
711 
819 

1,303 
7,199 

2,474 

1,871 

284 

158 

161 



45,780 

2,333 

43,442 

87,437 
6,086 
4,773 

13,356 
8,943 

17,434 
3,484 
8,214 
10,815 
14,382 

12,230 

4,562 

539 

434 
105 

(M 
(M 
(M 

3,937 

(') 

12,859 
1,279 
3,651 
1,961 
1,742 

1,729 
628 
963 
916 

604 



332 
322 



(M 






(M 

(M 

(M 
(M 
(M 
(M 
(M 
(M 

(M 
(M 
(M 



(M 
(M 

3 

(M 

(M 
(') 

(') 
(M 
(M 
(M 

1,653 

283 

(1) 
264 

1,326 

53 

326 

670 

53 

(') 

{M 

(') 

53 
87 



(M 



185 
23 



(M 



(M 



(M 



(M 

(') 
(M 
(') 



739 
2 



(M 



4' 

(M 
(M 

(M ' 

(M 
(M 
(M 
(M 
(M 
(M 

(M 
(M 
('1 
(M 
(M 

(M 
(') 

(M 
(M 
(M 
(M 

(M 
(M 



1 

214 



(1) 



(M 
(M 
(M 
(1) 
(') 

(M 

(M 



(1) 
(') 



(M 



(M 



(M 



(M 
(M 



(M 



(M 
(M 



(M 



- 


2 


- 


1 




2 




51 




1 




(M 




(M 




1 




(M 




2 




2 






(M 






(') 
(') 

(') 
(M 



(') 



(M 



'Sampling variability of thia item wag too large to warrant showing it separately. However, this valj' 
NOTE: See text for explanatory statements and for "Deacrlplion of the Sample and Limitations of Data. 



was included In each total. 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



87 



ALL ACTIVE CORPORATION RETIRNS 



TabU 13.— ACCOUNTING METHOD. DV MAJOR INDUSTRIAL GROUP 



Major industrial group 



Number of returns by method of accounting 



Accrual 
basis 



Other basis 



(1) 



(2) 



(3) 



(4) 



(5) 



All industrial groups 

Agriculture, forestrj-, and fishery 

Farms and agricultural services. . . .'. 

Forestry 

Fishery 

Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production 

Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Prijoary metal industries 

Fabricated metal products, except ordnance, machinery, and transportation equipment. 
Machinery, except transportation equipment and electrical 

Electrical machinery and equipment 

Transportation equipment, except motor vehicles 

Motor vehicles and equipment, except electrical 

Ordnance and accessories 

Scientific instrumentsj photographic equipment; watches, clocks 

Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Conmission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housef umishings 

Automotive dealers and filling stations 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance, real estate, and lessors of real property 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity-exchange brokers and dealers 

Insurance carriers and agents 

Insurance carriers 

Insurance agents and brokers 

Real estate, except lessors of real property other than buildings 

Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



722,805 

8,779 

7,971 

262 

546 

9,585 
1,018 
140 
1,424 
4,852 
2,151 

36,130 

120,696 
2,759 
10,289 

172 

5,270 

13,750 

5,684 
4,598 
2,737 
14,158 
7,356 
715 

793 

2,520 
4,284 
3,241 
11,775 
11,716 

3,937 
1,206 
1,149 
88 
2,027 
10,672 

29,122 
21,456 
4,433 
1,148 
2,085 

238,523 
77,064 
10,731 
66,333 

139,953 
10,597 
7,545 
18,469 
13,186 

25,218 
5,916 
18,644 
15,992 
24,386 

21,506 

205,339 

47,602 

14,680 

24,418 

6,899 

1,605 

12,890 
3,004 
9,886 

139,821 
5,026 

64,845 
7,474 
12,540 
15,792 
6,151 

3,587 
5,712 
6,785 
6,804 



86,958 

2,145 

1,954 

61 

130 

1,364 
254 

163 

725 

222 

3,394 

4,323 



69 
259 

268 

135 

(') 

1,130 

387 



65 






118 

56 

297 

379 






376 

3,606 
2,358 

74A 
61 

443 

13,501 

3,110 
1,304 
1,806 

9,331 
849 
490 
555 
516 

746 

583 

3,329 

708 
1,605 

1,010 

45,326 

17,464 
8,815 
6,325 
2,021 
302 

2,004 

111 

1,393 

25,308 
1,550 

10,340 
1,235 
1,447 
2,398 
521 

336 
1,019 
1,585 
1,798 

1,954 



440,277 

3,982 

3,574 

123 

285 

5,702 

533 

106 

857 

2,798 

1,408 

22,163 

89,295 

1,980 

7,4i9 

116 

4,266 

10, 599 

4,118 
3,495 
2,198 
9,274 
5,264 
497 

595 
1,923 
2,965 
2,571 
8,996 
8,574 

3,131 

910 

958 

54 

1,487 

7,875 

17,008 

13,189 

2,081 

776 

962 

164,094 

55,760 

6,364 

49,396 

93,753 
6,958 
5,174 

14,107 
8,879 

17,923 
3,776 
10, 159 

10,947 
15,830 

14,576 

97,174 

16,138 
1,365 

11,121 

2,682 

970 

5,396 

583 
4,313 

73,906 
1,734 

35,123 
4,285 
7,466 
9,041 
3,854 

2,252 
3,369 
3,035 
2,821 

4,736 



3,968 






(') 






752 
219 






(M 



(M 



(M 



3 
1 

,603 

170 



(M 



1,371 

53 
116 
674 






62 
384 

52 

1,066 

239 
139 
69 



(M 



170 
110 
£0 



(M 



(M 



191,602 

2,623 

2,414 

78 

131 

2,500 
230 
(M 

403 

1,319 
514 

9,821 

27,054 

661 

2,525 

933 
2,886 

1,279 

955 

503 

3,693 

1,703 

152 

178 
552 

1,199 

613 

2,447 

2,742 

683 
260 

168 

439 
2,415 

8,429 

5,860 

1,582 

303 

679 

59,325 
18,024 
3,021 
15,003 

35,443 
2,780 
1,323 
3,691 
3,117 

6,514 
1,535 
5,136 
4,275 
6,567 

5,858 

50,773 

13,761 
4,360 
6,903 
2,182 

316 

5,320 
2,200 
3,120 

39,961 
1,731 

18,226 
1,934 
3,592 
4,318 
1,776 

999 
1,302 
2,135 
2,170 

2,851 



Sampling variability of this itanwas too large to warrant showing it separately. However, this value was included 
NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



1 each total. 



88 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



ALL ACTIVE CORPORATION RETURNS 



Table 14.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME OR DEFICIT. BY MONTH IN WHICB ACCOUNTING PERIOD 

ENDED, BV MAJOR INDUSTRIAL GROUP 



Major industrial group 



Returns for calendar, annual noncalendar, and part year 
periods, total 



Total assets 



Amount 
( Thouiand 
doltaraj 



Number 

of 
returns 



Gross receipts from 

sales and from 

operations 



Amount 

(Thouaand 
dotlmea} 



Net Income or 
deficit 



Number 

of 
returns 



( ThoitMand 
dollar*} 



Returns for calendar year and part year periods, total 



Total assets 



Number 

of 
returns 



Amount 
Cntotimmtd 
doltaraj 



Number 

of 
returns 



Iross receipts from 

sales and from 

operations 



Amount 

(Thouaand 
dollara) 



Net income or 
deficit 



Number 

of 
returns 



( Thouaand) 
dollara 



(1) 



(2) 



(3) 



(4) 



(5) 



(10) 



All Industrial groups 

Agriculture, forestry, and fishery 

Farms ajid agricultural services 

Forestry 

Fishery 

Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production 
Nonmetallic mining and quarrying "... 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics .... 

Lumber and wood products, except furniture 

F\imiture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products , except ordnance, 

machinery, and transportation equipment. 
Machinery, except transportation equipment 

and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and equipment, except 
electrical. 

Ordnance and accessories 

Scientific instruments; photographic equip- 
ment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Commission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumlshings 

Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies . . 
Security and comnodlty-exchange brokers 
and dealers. 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real property 
other than buildings. 
Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages.... 

Miscellaneous repair services, hand trades 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



667,856 

7,790 

7,077 

252 

461 

8,704 
885 
140 
1,197 
4,481 
2,001 

33,700 

115,820 

2,660 

9,791 

169 

5,111 

13,076 

5,346 
4,443 
2,658 
13,410 
6,993 
705 

752 

2,443 

4,079 

3,133 

11,490 

11,272 



3,774 
1,110 



1,970 

10,237 

26,067 

19,721 

3,455 

1,069 

1,822 

222,801 

73,884 
10,091 
63,793 

128,958 
9,582 
7,055 
17,545 
12,427 

23,937 

5,267 

15,355 

15,209 
22,581 

19,959 

187,172 



44,611 

14,374 

22,481 

6,212 

1,544 

11,391 
2,335 
9,056 

126,863 

4,307 

58,117 
6,693 
11,567 
14,363 
5,505 

3,260 
5,339 
5,594 
5,796 

7,685 



2,620,450 

2,443,225 

134,779 

42,446 

11,891,355 
3,014,673 
463,826 
1,913,613 
5,295,829 
1,203,414 

8,254,171 

181,890,701 
4,097, 84A 
12,928,923 
2,896,230 
8,623,017 
3,369,364 

3,704,799 
1,745,726 
7,184,262 
5,806,978 
16,623,583 
28,812,881 

2,912,383 
1,488,053 
5,456,300 
17,781,799 
8,149,487 

16,018,734 

9,352,591 
6,315,886 

12,400,063 

201,886 
2,690,560 

3,323,842 

98,637,129 
41,030,289 
16,544,391 
39,721,543 
1,340,906 

59,131,799 

26,933,902 

1,791,353 

25,142,549 

28,789,635 
3,684,969 
9,136,X0 
2,635,281 
1,993,599 

4,634,436 

583,694 

910,513 

2,554,967 

2,655,876 

3,408,262 

432,476,851 



295,175,246 
232,820,380 
47,978,805 
12,396,783 
1,979,278 

106,491,333 

105,341,387 

1,149,996 

27,669,318 

3,140,904 

10.017,262 

2,343,003 

1,019,406 

2,216,102 

633,191 

210,726 

2,285,950 

731,197 

577,687 

380,364 



528,905,708 

2,175,547 

2,094,907 

32,826 

47,814 

8,238,566 

1,334,676 

335,649 

1,614,361 
3,746,378 
1,157,502 

17,214,952 

264,546,794 
7,343,363 

36,504,618 
3,674,860 

11,728,755 
8,857,300 
5,129,013 
3,430,527 
8,448,032 
3,696,335 

13,696,435 

27,509,092 

4,560,021 
3,054,923 
6,553,662 

19,636,375 
13,647,849 

21,197,535 



14,273,590 
11,121,781 

20,212,831 

464,226 
3,348,001 

5,952,665 

41,210,335 

21,273,548 

8,436,336 

11,245,713 

255,233 

171,027,259 

82,409,626 
4,187,674 
73,221,952 

30,007,109 

19,919,553 

16,904,283 

5,585,415 

3,166,961 

19,431,501 
1,704,180 
2,679,153 
4,901,523 
5,714,535 

8,610,524 

12,374,381 



2,612,463 
908,356 

1,283,726 
63,216 
357,170 

7,591,934 

6,306,755 

735,229 

2,150,958 

18,971 

12,003,977 

1,633,972 

1,345,596 

3,548,446 

610,001 

466,057 
2,048,980 

839,228 
1,006,697 

113,397 



3,779 

7,971 

262 

546 

9,585 
1,018 
140 
1,424 
4,352 
2,151 

36,130 

120,896 

2.759 

10,289 

172 

5,270 

13,750 

5,634 

4,593 

2,737 

14,153 

7,356 

715 

793 
2,520 
4.234 
3.241 
11.775 

11.716 



3.937 

1.206 



10.672 

29.122 
21.456 
4.433 

1.148 
2.085 

238.523 
77.064 
10.731 
66.333 

139.953 

10.597 

7,545 

18,469 

13,186 

25,213 
5,916 
18,644 
15,992 
24,386 

21,506 

205,339 

47,602 

14.680 

24.418 

6.399 

1.605 

12,890 
3,004 
9.836 

139,821 

5.026 

64.845 
7.474 
12,540 
15,792 
6,151 

3,537 
5,712 
6,735 
6,804 

9,586 



36,328.435 

122,283 
114,467 

10,121 
'2,305 

740,913 
201,771 
1,343 
14,960 
409,078 
113,761 

437,594 

18,239,865 
340,325 
1,202,022 
318,916 
314,332 
145,153 

327,653 
143,950 
392,131 
571,223 
2,225,293 
1,635,234 

299,694 
112.062 
792,878 
1,522,097 
834,237 

1,756,874 



1,137,962 
323,927 



41,230 
415,508 

260,478 

4,440,325 
1,004,902 
1,312,755 
2,076,319 
45,849 

3.647.762 

i. 530. 430 

93.321 

1,437.109 

1,934.754 
403,476 
946.983 
113.421 
48,946 

115,037 
41,008 
30,808 
120,771 
114,304 

132,578 

8,003,817 



3,652,031 

2,030,915 

531,113 

976,392 

63,111 

3,457,349 

3,384,340 

72,509 



109,120 

591,128 
75,617 
62,122 

183.676 
19.083 

4.297 
136.419 
63.773 
41.141 

4.748 



385.094 

4,022 
3,581 

209 
232 

5,118 

673 

31 

827 

2,301 

1,236 

18,276 

62,329 
1,649 
5,340 
120 
2,526 
5,462 

2,945 
2,263 
1,586 
8,157 
4,150 
486 

366 
1,102 
2,478 
1,847 
6,590 

6,445 



1,801 
570 



47 
1,227 

5,057 

18,682 
13,378 

2,901 
945 

1,458 

119,520 

37,713 
5,399 
32,314 

71 , 367 
5,144 
3,500 
6,986 
6,131 

17,025 
2,971 
3,514 
9,593 

11,503 

10,440 
119,939 

33,123 
13,752 
13,981 
4,430 
960 

3,512 
2,279 
6,233 

75,087 

3,217 

32.043 
3,606 
6.708 
7.812 
3,197 

1.833 
2.803 
2.857 
3.227 

4.665 



685,142,372 

1,563,448 

1,422,220 

120,061 

21.167 

9,590.138 
2.879.978 

450.591 
1.539.599 
3.842,220 

877,750 

4.876,717 

138,363,017 
2,554,883 
6.649.406 
2.861.750 
4,502,300 
1,512,863 

2,439,254 

925,246 

5,195,078 

4,420,743 

12,730.145 

28.000.420 

1.933,069 

422.165 

4.615.294 

15.741.167 

5,747.565 

9.962.192 

7.952,089 
4,373,096 



134,144 
2,223,471 

1,342,394 

96,020.836 
39,604.333 
16,375,435 
33,776,280 
1,264,738 

30,672,155 

15,354,622 

975,850 

14,378,772 

13,323,855 

1,337,425 

2,424,754 

820.273 

961,705 

3,545,945 

269,157 

488,529 

1.649.588 

1,276.474 

1.993.678 

398.104.947 



273,784.257 

223,121,014 

40,631,729 

3.727,327 

1,304.137 

106,219,512 

105,326.464 

893.048 



2.974.451 

5.724.727 
1.293.238 

612.638 
1.572.486 

373.635 

123.226 

1.033,562 

323,127 

382,765 

226,887 



347,131,483 

1,059,742 

1,008,217 

31,809 

19,716 

6,310,784 
1 , 271 , 346 

299,102 
1,247,497 
2,703,162 

734,677 

10,328,275 

134,302,260 
3,978,964 
17,734,173 
3,601.333 
5,933.829 
3,784.661 

2.975.036 
1.731.675 
6.033,637 
6,386,126 
13,008,175 
26,284,074 

3,004,281 

900,790 

5,306,772 

17,095,513 

9.340.961 

13.011,868 



11,468.043 
7.323.495 



295.330 
3.103.552 

3.196,304 

39,060,255 

19,675,077 

8.295.750 

10.871.354 
217,574 

38,539,666 

43,777,155 
2,195,344 

41,581,811 

40,126,002 
9,186,153 
4,661.247 
1,595,405 
1,439,264 

15.275,031 

795,046 

1.453.094 

3.039.134 

2.676.573 

4.686.509 

10.439.498 



1.972.329 

365.863 

1.015.749 

40,242 

50,475 

7,386,444 

6,798,904 

537,540 

1,067,990 

12,735 
6,966,655 

933,802 
1,081,171 
2,323,589 

357,931 

272,369 
974,043 
367,777 
650,973 

74,348 



4,833 

4,337 

219 

277 

5,823 
784 
81 
1,003 
2,614 
1,341 

20,131 

66,793 
1,737 
5,734 
122 
2,637 
5,938 

3,200 
2,385 
1,660 
8,776 
4,469 
494 

407 
1,166 
2,669 

1,914 
6,777 

6,797 

1.925 
636 



53 
1.234 

5.376 

21.484 

14.971 

3.798 

1,014 

1,701 

131,830 

40,163 

5,910 

34,253 

80,011 
5,987 
3,326 
7,659 
6,723 

13,010 
3,533 
11,055 
10,192 
13,026 

11,656 

135,373 



35,537 

14,051 

15,515 

5,020 

1,001 

9,867 
2,934 
6,933 

86,053 

3,866 

37,492 
4,230 
7,559 
8,923 
3,692 

2,095 
3,078 
3,847 
4,063 

6.038 



29,159,616 

67,544 
59,997 
8,712 
'1,165 

673,657 

194,875 

1,974 

11,499 
376,805 

88,504 

329,777 

14,434,039 
210,388 
657,993 
316,897 
174,231 
63,024 

227,395 

74,717 

666,483 

432,304 

1,770,803 

1 , 592 , 516 

204,271 

29,036 

637,573 

1,349,327 

633,466 

1,206,085 



2.087,192 

35,172 
369,336 

140,231 

4,284.613 

916.653 

1.299.646 

2.024.813 

43.501 

1.790,316 

933,419 

55,113 

878,306 

746,346 

186,797 

253,203 

31 ,476 

19,097 

94,696 
17,330 
18,262 
78,470 
46,965 

110,551 

7,229,355 



3,219,973 

2,044,262 

415,529 

710,784 

49,398 

3,439,274 

3,382,830 

56 ,-394 



102,985 

347,876 
46,910 
33.630 

135,196 

11,113 

2,943 
64,309 
27,780 
25,995 

1,939 



,See footnotes at end of table. See text for explanatory statementa and for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



ALL ACTIVK CORPORATION RETURNS 



T»ble ».— TOTAL ASSETS. GROSS RECEIPTS FROM SALb^S AND FROkf OPERATIONS, AND NET INCOME OR DEFICIT, BY MONTH IN WHICH ACCOUNTING PERIOD 

ENDED, BY MAJOR INDUSTRIAL GROUP— Continuwd 



Major industrial group 



Returns for annual noncalendar year periods, total 



Total assets 



Number 

of 
returns 



( Thousand 
don»ra) 



Gross receipts from 

sales and from 

operations 



Number 
of 

returns 



( Thousand 
dolUrai 



Net incooie or 
deficit 



Number 
of 

returns 



(Thouamtd 
dollar a) 



Returns with annual accounting period ended- 



July 1954 



Total assets 



Gross receipts from 

sales and from 

operations 



(Thouaand 
doUara) 



Number 

or 
returns 



Net income or 
deficit 



( Thouaand 
doilara) 



(i8) 



(19) 



(20) 



(23) 



All industrial groups 

Agriculture, forestry, and fishery 

Farms and agricultural services 

Forestry 

Fisher>- 

lUning and quarrying 

Uetal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production 
Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordnance, 

machinery^ and trarisportation equipment. 
Machinery, except transportation equipment 

and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and equipment, except 
electrical. 

Ordnance and accessories 

Scientific instruments; photographic equip- 
ment ; watches , clocks . 

Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Commission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishings 

Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust con^anies 

Credit agencies other than banks 

Holding and other investment con^janies. . 
Security and commodity-exchange brokers 
and dealers. 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real property 

other than buildings. 
Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages.... 

Miscellaneous repair services, hand trades 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



229 

3,586 

212 

59 

370 

2,180 
765 

15,424 

52,991 

1,011 
4,451 
49 
2.535 
7,614 

2.401 
2,180 
1,072 
5,253 
2,843 
219 

386 
1,341 
1,601 
1.286 
4,900 

4,827 



1,973 
540 



30 
743 

5,180 

7,385 

6,343 

554 

124 

364 



36,171 
4,692 
31,479 

57, 591 
4,438 
3,555 

10,559 
6,296 

6,912 
2,296 
6,841 
5,616 
11,078 

9,519 

67,233 

11.488 

622 

8.500 

1.782 

584 

2.879 

56 

2.823 

51,776 

1.090 

26,074 
3.087 
4.859 
6.551 
2.308 

1.427 
2.536 
2.737 
2.569 

3.020 



120.157,210 

1,057,002 
1,021,005 
(') 
21,279 

2.301,217 
134,695 
13.235 
374.014 

1.453.609 
325.664 

3.377.454 

43.527,684 
1,542.961 
6.279.517 
34,480 
4.120,717 
1,857.001 

1.265,545 
820.480 
1.989,184 
1,386,235 
3.848.438 
812,461 

979,319 
1,065,888 

841,006 
2,040,632 
2,401,922 

6,056,542 



1.400.502 
1.942.790 



67.742 
462.089 

1,481,448 

2,616,293 

1,425,956 

168.956 

945.263 

76.118 

28.459.644 

11.579,280 

815,503 

10.763.777 

15.465.780 
1.797,544 
6.711.546 
1.815.003 
1.031.8*; 

1.088.491 

314.537 

421,984 

905.379 

1.379,402 

1.414.584 

34.371,904 



21,390,989 

9.699,366 

7,347,076 

3.669.456 

675.091 

271.871 

14.923 

256.948 

12.542.591 

166.453 

4.292.535 

1.044.715 
406.768 
643.616 
259,556 

82.500 

1.252,388 

408,070 

194,922 

153,477 



231,708 



3,824 
3,564 

249 

3.389 
163 
49 
390 

2.033 
754 

14,964 

52,806 
982 
4,464 
50 
2,622 
7,632 

2,384 
2,163 
1,067 
5,209 
2,847 
220 

386 
1,334 
1,595 
1.317 
4.868 

4.779 

1.929 
549 



30 
722 

5,155 

7,306 

6.183 

615 

134 

374 

104.537 

35.729 
4.656 
31,073 

59,178 
4,570 
3,618 

10,679 
6,382 

7,048 
2,373 
7,508 
5,770 
11,230 

9,630 

18,583 



4,400 
551 

3,271 
185 
393 

2,948 

65 

2,883 

11,127 
108 

25,414 
2,785 
4.961 
6.209 
2.172 

1.482 
2.442 
2.738 
2.575 

885 



181.774.225 

1,115,805 
1,086,690 
{') 
28,098 

1,927,782 

113.330 

36.547 

366.864 

1.038,216 
372,825 

6.886.677 

80.244,534 
3.364,399 

18.770,440 

73.527 

5.789,926 

5.072,639 

2.153,977 
1,698,852 
2,364,345 
2.310,209 
5.688,260 
1.225,018 

1.555.740 
2,154,138 
1,246,890 
2,540,857 
4,306,888 

8,185,667 

2,810,542 
3,798.286 



168.896 
744.449 

2,756,361 

2.150.580 

1.598,471 

140,536 

373,859 

37.664 

82.437.593 

33.632.471 
1.992,330 
36,640,141 

39.881.107 

10.733,395 

12.243.041 

3.990.010 

1.727.697 

4,156.470 
909.134 
1,221,059 
1,862,339 
3,037,962 

3.924,015 

1.934.883 



640.139 
42,493 

267,977 
22,974 

306,695 

205,540 

7,851 

197,689 

1,082.968 
6,236 

5,037,322 
700,170 
764,425 

1,224.857 
252.070 

193.638 

1.074.937 

471.451 

355.724 

39.049 



269 

3.762 

234 

59 

421 

2.238 
810 

15.999 

54.098 
1.022 
4.555 
50 
2.633 
7.312 

2.484 
2,213 
1.077 
5.382 
2,887 
221 

386 
1,354 
1,615 
1.327 
4.998 

4,919 

2,012 
570 



30 
743 

5,296 

7,638 

6,485 

635 

134 

384 



36,901 
4.321 
32.080 

59.942 
4.510 
3.719 

10.810 
6.463 

7.203 
2.333 
7.589 
5,800 
11,360 

9.350 

69.966 

12,015 

629 

8.903 

1.379 

604 

3.023 

70 

2.953 

53.763 
1.160 

27.353 
3.244 
4.931 
6,864 
2,459 

1,492 
2,634 
2,933 
2.741 

3.543 



54,739 
54,470 

'1,140 

67,256 

6,396 

'631 

3,461 

32,273 

25,257 

157,817 

,855.826 
129.937 
544.029 
2,019 
140,601 
82,129 

100,263 
74,233 
225,693 
138,919 
454,490 
42,768 

95,423 
82,976 
105,300 
172.770 
250.771 

550,789 



157.154 
304,196 

23,339 

6,058 

46,172 

120,247 

155,712 

88,249 

13,109 

52,006 

2,348 

1,857,446 

597,011 

38,208 

558,803 

1,188.408 

216.679 

693,780 

81,945 

29,349 

20,341 
23,623 
12,546 
42,301 
67,339 

72,027 

773,962 



432,058 

36,653 

115,584 

266,108 

13,713 

18,075 
1,960 
16,115 



6,135 

243,252 

28,707 

28,492 

48,480 

7,970 

1.354 
72.110 
40.993 
15.146 

2,809 



298 
297 

1 

331 

4 

30 

238 

57 

809 

3,649 

65 

292 

1 

171 

493 

144 
136 

56 
510 
241 

17 

27 

63 

103 

59 

307 



110 
29 



477 
395 



7,831 

2,373 

320 

2,058 

4,833 
232 
253 

1,772 
525 

479 
126 
442 
274 
730 

620 

4,512 

621 

2 

430 

124 

15 

240 
223 



57 

1,726 
162 
295 
435 

201 

32 
205 
205 
141 



65,345 

64,799 

546 

140,174 
C) 

1,040 
31 , 573 
97,016 

7,309 

148,463 

2.636,170 
455.049 
380.142 
3.559 
107.279 
122.501 

56.430 
30.733 
37,804 
79,439 
122,786 
6,952 

10,652 
33,341 
20,001 
81,298 
308,293 

243,720 



127,255 
130,375 



34,914 
47,235 

94,475 

131,192 

120,824 

16,609 

33,149 

(') 

1,983.672 

366.686 

59.956 

806.730 

1.057.671 

32.242 

412,435 

284.977 

76.862 

61.786 
10,788 
47,924 
39,296 
91.311 

64,315 

1.652.891 

343.570 
448,704 
276,919 
101.204 
21.743 

23.107 
19.384 



13.751 
179.694 
53.584 
22.325 
27,794 
19,237 

5,260 
29,657 
14,356 

7,481 

6,221 



16,417 



298 
298 



(») 

4 

39 

223 

57 

320 

3,643 
66 

302 

1 

171 

509 

154 
126 

56 
501 
231 

17 

27 
63 

103 
59 

297 



111 
29 



477 

395 

44 

1 

(') 

7,956 

2,369 

311 

2,053 

5,001 
249 
253 

1,837 
535 

499 
132 
477 
279 
740 

586 

1,186 



230 
i') 
218 



1,672 
162 
290 
425 
201 

82 
175 
175 
162 



12,047,892 



76,114 
76,114 



110,751 

3,624 
31,406 
62,076 
10,917 

304,218 

5,759,705 

1,543,459 

788,999 

3,217 

200,704 

357,201 

101 , 517 
72,787 
56,273 
150,952 
234,721 
20,191 

22,730 
66,564 
34,888 
140,111 
601.745 

380.263 



240.394 
303.048 



66,100 
82,100 

184,585 

159,549 

121,819 

20,110 

14,745 

(^) 

5,260,839 

2,572.100 

140.544 

2.431.556 

2,505.014 
152.504 
863.474 
697.723 
124.871 

269.377 
30.650 

122,056 
69.705 

174.654 

133.725 
100.589 



37.903 
83 
11.232 
7,012 
19,571 

11,499 

10.026 
50.652 
535 
274,684 
43,211 
41,923 
70,000 
22,321 

12,207 
29,498 
23,374 
27,150 



361 

(') 

4 

40 

248 

57 

871 

3,753 
66 
322 

1 
171 
519 

154 
136 

56 
511 
241 

17 

27 

63 

103 

59 

317 



487 
405 



I'} 

8.136 

2.429 
321 

2,108 

5,071 
249 
283 

1,847 
535 

499 
132 
477 
279 
770 

636 

4,712 

661 

2 

500 

144 

15 

240 

228 

3,744 

67 

1,733 
172 
300 
446 

211 

82 
205 
205 
162 



(24) 



3.373 

3,275 

97 

870 
(') 
'282 

31 
945 
317 

4,195 

295,482 
53,524 
59,575 
376 
7,946 
7,354 

3,692 

88 

3,990 

10,460 

14 259 

'377 

1,510 
2,471 
1,557 
7,067 
28.626 

32.152 

15.301 
18,917 



5,398 
7,604 

2,588 

14,306 
6.308 
5.000 
2,527 

(M 
104.165 



(') 



50.676 

2.319 

47.357 

51.000 
3.537 
25,950 
12,210 
2,170 

'1,163 
273 

4,243 
769 

3,016 

2,489 
33,850 

9,936 
123 
2,745 
6,062 
1.056 

1,530 

(*) 

1.312 

20,932 
1,402 

7,235 

3,664 

974 

739 

129 

11 

'287 

1,122 

883 

203 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sajuple and Limitatione of Data." 



90 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



ALL ACTIVE CORPORATION RETURNS 



T«ble U.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME OR DEFICIT, BY MONTH IN WHICH ACCOUNTING PERIOD 

ENDED, BY MAJOR INDUSTRIAL GROUP— ConUnuad 



Major industrial grtDup 



Returns with annual accounting period ended — Continued 



Total assets 



Number 

of 
returns 



(TTwuaand 
dollsra) 



Gross receipts from 

sales and from 
operations 



Number 

of 
returns 



( Thousand 
dollars) 



Net income or 
deficit 



Number 

of 
returns 



( Thotiaand 
dottara) 



September 1954 



Total assets 



(Thotiaand 
dottara) 



Gross receipts from 

sales and from 

operations 



(Thousand 
dottara) 



Net income or 
deficit 



Number 

of 
returns 



(Thousand 
dottara) 



(27) 



(28) 



(29) 



(32) 



(33) 



(3".) 



(35) 



All industrial groups 

Agriculture, forestry, and fishery 

Fanns and agricultural services 

Forestry. . . . ." 

Fishery 

Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production 
Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics .... 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied prcducts 

Printing, publishing , and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordnance, 

machinery, and transportation equipment. 
Machinery , except transportation equipment 

and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and equipment, except 
electrical. 

Ortlnance and accessories 

Scientific instruments; photogn phic equip- 
ment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Conmunication 

Electric and gas utilities 

Other public uitlities 

Trade 

Wholesale 

Commission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housef umishings 

Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance, 2 real estate, and lessors 
of real property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies.. 
Security and commodity-exchange brokers 
and dealers . 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real property 

other than buildings. 
Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services. . .'. 

Automotive repair services and garages.... 

Miscellaneous repair services^ hand trades 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



20,185 

290 
269 

{') 
(') 
180 



111 
37 

709 

3,8U 

85 

313 

2 

233 
495 

118 
136 

399 

269 

17 

37 

109 

84 

79 

291 



561 

511 

28 

7 

O) 

7.320 

2,516 
333 
2,183 
4.249 
351 
203 
760 
518 

518 
138 
575 
341 
845 

555 

4,932 

841 
(') 
627 
148 
45 



244 
3.744 

103 

2,163 
155 
428 
472 
174 

129 
270 
234 
306 



8,089,549 

73,652 

71,158 

(=) 

(') 

404,325 

12,560 

1,459 

19,096 

365,289 

5.921 

108,242 

3,094,528 

418,173 

371,960 

7,139 

444,367 

85,754 

61,457 

28,159 
144,053 

71,691 
399,073 

70,054 

27,842 

33,409 

27,074 

105,582 

161 , 368 

227,467 



77,832 
35,659 



5,843 

15,360 

86,610 

375,108 

41,964 

9,353 

317,307 



1,125.186 

62.335 

1,062,851 

485.783 
52.351 
21,007 
55.106 
74,870 

83,481 
23.347 
36.870 
44.913 
83.838 

68.167 

1,458.266 

463.109 

(') 
234.054 
145,343 

12,823 



20,767 
945,019 

29,371 

877,546 
64,322 
55,961 
56,265 
24,337 

7,095 

611,330 

34,525 

23,711 

18,746 



290 
269 

(^) ' 

165 

2 

4 

20 

112 

27 



1,833 
45 
323 
2 
233 
505 

108 
137 
49 
420 
269 



109 
84 
89 

301 



2 
52 

422 

527 

486 

19 

7 

(') 

7,452 

2,527 

344 

2,183 

4,340 
351 
203 
775 
518 

549 
128 
620 
341 
855 

585 

1,449 



370 
( = ) 

314 
(') 
27 



234 

844 



,195 
155 
438 
469 
174 

139 
280 
244 
296 



12,345,368 



76,031 
72,141 



232,022 
13,033 
5,830 
17,767 
188,373 
7.019 

255.620 

5,700,808 
617,220 
890,902 
17,115 
672,525 
263,067 

106,499 
62,750 
165,050 
134,584 
756,267 
133,533 

47,882 

84,983 

47.708 

172.871 

283,658 

443,582 



176,708 
79 , 348 



11,612 
26,616 



173,371 

162,510 

70,621 

6,782 

83,416 

(') 

5,050,230 

3,394,353 

132,885 

3,211,468 

1,456,734 

294,566 

58,967 

149,312 

140.349 

316,334 
91.820 

109.294 
95,443 

200,644 

199.143 



25.483 
(') 

18.158 
(^) 
4,510 



16,630 
74,620 

256 

751,073 

50,104 

110,940 

115.842 

24,500 

15,532 

354,597 

41 ,999 

37,559 



21,118 

300 

269 

(') 

(') 

196 

3 

14 

20 

122 

37 



3,923 

85 

333 

2 

233 

505 

118 
137 

49 
420 
279 

17 

37 
109 
84 
89 
301 



154 
57 



577 

526 

29 

7 

(') 

7,602 

2,607 

354 

2,253 

4,410 
361 
213 
785 
528 

559 
138 
620 
351 
855 

585 

5,233 

871 
(') 
647 
158 
45 



244 
4,015 

103 

2,296 
155 
438 
519 
184 

139 
281 
264 
316 



(') 



{') 



433.078 

2,771 
2.874 
(') 
(') 

11,890 

2,040 

57 

^907 

10,408 

292 



259,465 

15,894 

32,816 

623 

21,077 
5,044 

1,807 

803 

16,952 

7.174 
43,864 

2,499 

859 

1,944 

1,124 

14,897 

15,741 

28.329 

'100 
4.708 



1,308 
1,095 

5,335 

15,122 

753 

'162 

14,428 

56.580 

34.186 
1.998 
32,168 

20,169 
6,139 
1,444 
1,634 
2,090 

819 
1,973 
1,066 
2,121 
2,883 

2,225 

36,447 



16,732 
(=) 
4,229 
11,612 
298 



1,309 
18,059 

347 

46,692 
1,830 
7,065 
5.984 

1,111 

10 
27,637 
2,043 
1,012 

223 



283 

253 

397 
26 
1 
34 

238 
98 

1,591 

5.987 
141 
540 

(') 
289 
724 

270 
164 
141 
629 
325 
18 

43 

99 
172 
150 
571 



239 

91 



(^) 
105 



797 

575 

82 

16 

(') 

10,558 

3.702 

462 

3.240 

5.940 
572 
162 
569 
664 

975 
366 
929 
457 
1.246 

916 

7.918 



(') 
1.232 
179 
68 

358 
(') 
348 



88 

3,438 
501 
632 
709 
365 

195 
330 
382 
324 



13,720,035 

58,660 
56,803 

(') 

156,893 
10,036 
1,637 
44,184 
82,453 
18,583 

358,260 

5,994,426 
163,008 
733,861 
( = ) 

915,963 
102,305 

81,852 
44,595 
172,369 
264,162 
305,521 
182,100 

83.136 
45,406 
108,705 
214,312 
265,136 

598,356 



185,234 
399,500 



(') 
40,948 

153,803 

324,715 
108,263 
17,004 
194,835 
(') 



1,039,541 
142,096 
897,445 

756,273 
94,256 
17,338 
37,277 
63,747 

161 , 351 
117,845 
77,077 
66,459 
120,923 

116,914 

4,277,862 

2,651,707 
( = ) 

1,288,155 
870,149 
173,069 

32,690 
(') 
32,597 



21 , 380 

623,104 

156,959 

55,166 

66,245 

39,452 

11,371 
197,555 
72,596 
23,260 

13,386 



25,259 

294 
264 

(') " 
342 
6 
1 
34 
218 
33 

1,563 

5,944 
141 
552 

(') 
310 
710 

260 
165 
142 
619 
316 
18 

43 
99 
174 
150 
571 



239 

31 



(') 
105 



791 

579 

82 

15 

(') 

10,669 

3,510 

458 

3,152 

6,113 
596 
177 
589 
674 

988 
371 
990 
437 
1,241 

946 

2.126 

596 
(') 

515 
(') 
50 

388 
(') 
378 



( = ) 

3,457 
512 
643 
725 
376 

205 
305 
362 
329 



55.853 
62.363 

(') 
125.787 
3,600 
4,695 
35,969 
64,986 
16,537 

727,949 

10,267,234 

300,413 

1.896,508 

(') 
1.155,397 
307,810 

150,501 
119,641 
254,737 
383,233 
492,945 
253,568 

134,960 
109,863 
165,465 

308,831 
530,070 

962.787 



365,206 

1,494,398 



(=) 
78,695 

291,020 

294,603 

174,904 

13,554 

98,785 

(=) 



3 1 599, 221 

468.242 

3.130.979 

2,266,428 

462.470 
39,873 
39,547 

125,271 

509.038 
305.868 
204.087 
143.584 
234,690 

358,415 

245,651 

92,539 

0) 

68,766 

(') 

22,961 

24,200 

(') 

24,072 



0) 

678.626 
119.613 
103.836 
157,539 
49,366 

26,929 

128,410 

51.972 

40,461 

3.204 



304 

274 



397 
26 



.: ■■3 
98 

1,633 

5,104 
141 
562 

(') 
310 
750 

270 
165 
142 
629 
326 
18 

43 
99 
174 
150 
581 



['I 
105 

535 

312 

590 

32 

15 

{') 

10,900 

3,741 

468 

3,273 

6,183 
596 
177 
589 
634 

1,008 
371 

1.000 
437 

1,271 

975 
3,172 

1,581 

1,293 

204 



388 

(') 
378 

6,115 

88 

3,577 
512 
643 
745 
386 

205 
345 
402 
339 



2,924 
2,892 

(') 

1,304 

'422 

76 

296 

451 

1,403 

19,343 

518,970 
13,877 
77,960 
0) 

31,462 
3,524 

2,990 
3,833 

14,701 
24,973 
33,865 
10,511 

9,972 
1,581 
9,253 
21,073 
29,157 

86,010 



17,066 
139,005 



'25,342 



4,135 

14,512 

18,447 
3,578 

944 
13,502 

63,461 

31,981 
2,746 
29,235 

26.928 

8.542 

385 

'240 

1.441 

'994 
9.331 
2,465 
2.836 
3.162 

4,552 

119,341 



85,849 

33,919 

47,685 

2,616 

2,238 
(') 
2,229 

30,435 

819 

32.232 

2.935 

3,639 

8,428 

609 

727 
10,118 
4,593 
1.183 



810 



See footnotes at end of table. See text for explanatory statementeand for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



91 



ALL ACTIVE CORPORATION RETURNS 



Table 14.— TOTAL ASSETS. GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME OR DEFICIT, BV MONTH IN WHICH ACCOUNTING PERIOD 

ENDED, HV MAJOR INDUSTRIAL GROUP— ConUnued 



Uajor Industrial group 



Returns with annual accounting period ended — Continued 



October 1954 



Total assets 



Number 

of 
returns 



C Thouamnd 
dollmra) 



Gross receipts from 
sales and from 
operations 



Number 

of 
returns 



(Thouaand 
dollars) 



Net income or 
deficit 



Amount 
(Thouaand 



November 1954 



Total assets 



Number 

of 
re tu ms 



Amount 

(Thoumand 
dollara) 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



(Thouaand 
doltara) 



Net income or 
deficit 



Number 

of 
retu ms 



Amount 
(Thousand 



(37) 



("iO) 



(43) 



(•i^) 



(■i6) 



All industrial groups 

Agriculture, forestry, and fishery 

Farms and agricultural services. . ; 

Forestry 

Fishery 

Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production 
Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics .... 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordnance, 

machinery, and transportation equipment. 
Machinery, except transportation equipment 

and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and equipment , except 
electrical. 

Ordnance and accessories 

Scientific instruments; photographic equip- 
ment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Comn'ssion merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

F\irniture and housefumishings 

Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies.. 
Security and commodity-exchange brokers 
and dealers. 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real property 

other than buildings. 
Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages.... 

Miscellaneous repair services, hand trades 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



224 
2U 

(') " 

299 

(=) 

(') 

16 

200 

48 

1,028 

4,489 
112 
412 
3 
189 
597 

228 
169 
107 
405 
207 
16 

30 
188 
135 
143 
473 



184 
47 



333 

535 
460 

(') 
13 

(=) 

7,783 

2,840 

388 

2,452 

4,127 

365 

89 

420 

309 

732 
137 
577 
747 
751 

816 

5,695 



1,224 
■224 
763 

182 
55 



(') 
266 

4,308 

91 

2,267 
421 
436 
541 
151 

85 
181 
254 
198 



106,532 
106,318 

(') 
102,922 
{') 
(=) 
3,646 
65,602 
30,111 

303,060 

7,012,225 
76,610 
990,848 
1,163 
521,842 
192,477 

117,738 
37,404 

404,721 
73,274 

266,040 

103,389 

559,402 
314,888 
111,991 
150,901 
209,021 

2,482,853 



124,464 
91,777 

40,411 

1,618 
17,600 

121,793 

153,964 
94,607 
(') 

48,394 
(') 



915,257 

43,512 
871.745 

548,752 
74,729 
10,269 
62,727 
36.090 

117,239 
7,301 

27,129 
144,278 

68,990 

100,663 
7,706,933 

6,732,737 

4,948,368 

990,492 

729,771 

64,106 

21,355 

(^) 

19,274 

935,374 

17,467 
392,274 
112,989 
35,802 
50,338 
14,530 

4,437 
124,252 

34,142 
15,784 

3,422 



18,597 

225 
215 

(')" 
258 
(') 
(') 

6 

175 

52 

1,034 

4,534 
112 
413 
3 
199 
618 

209 
179 
108 
425 
207 



30 
188 
136 
143 
463 



185 
47 



1 
52 

333 

535 
450 
0) 

23 
(') 
7,778 

2,763 

393 

2,370 

4,193 

383 

89 

426 

314 

732 
137 
592 
758 
762 

822 

1.949 



601 
204 
361 
(') 
24 

282 
276 



(') 
2,268 
440 
446 
553 
151 

85 

171 
244 
178 



{') 



20.484.950 

78.948 
78,552 

(=') 
110,534 
(^) 
C) 

10,285 
51,080 
47,749 

640,527 

14,266,587 

116.789 

5,764.176 

5,417 

563,198 

498.699 

204,376 
90,857 
422,676 
121,719 
474,362 
137,358 

864,916 
602,736 
150,417 
225,132 

314,651 



224,655 
170,097 



4,397 
26,454 

210,508 

106,226 
86,175 
(=) 

16,167 
C) 
4.555.897 

2,713.636 

93.759 

2.619.877 

1.565.387 

370.413 

33.618 

150.195 

74,064 

409,296 

22,072 

79,034 

265,131 

161.564 

276.874 

153.241 



56.169 

2.267 

47.139 

(') 
5.958 

21 .039 

(') 

19.250 



( = ) 
570.814 

81,802 

69,197 
100,350 

21,247 

11,468 

201,134 

52,846 

32,770 

0) 



225 

215 

(')" 
309 
(=) 
( = ) 
16 
205 
53 



4,605 
112 
413 
3 
199 
628 

229 
179 
108 
425 
207 
16 

30 
188 
136 
143 
473 



1 
53 

348 

565 

480 
( = ) 

23 
(') 
7,994 

2,889 

403 

2,486 

4,253 

393 

99 

436 

314 

742 
137 
602 
758 
772 

852 

6,129 



1,278 
228 
803 

192 
55 

295 
(') 
286 

4,465 



!,369 
461 
446 
583 
161 

85 
181 
254 
198 



3.142 
3.137 

(') " 
3,236 
(*) 
^') 

36 
1,134 
2,426 

16.187 

475.421 
1.263 
14.664 
132 
10.770 
6.692 

6,931 

2,524 
57,002 

4,561 
31,173 

8.574 

61,457 
25.051 
11.438 
6.257 
22.831 

164.971 



14.023 
9.063 



388 
140 

11.513 

9,774 
7,536 
(5) 
2,122 
(5) 
81,456 

55,358 
2,014 
53,344 

19,683 

8,639 

113 

2,631 

1,113 

'376 

'166 

84 

6,454 

1,191 

6,415 

121,092 



97,554 
12,037 
23,752 
61,052 
713 

1,442 

1.169 

20.709 

1,377 

28.028 

510 

2.711 

1.440 

590 

265 

17.468 

3.514 

1.530 

»11 



168 

137 

1 

(') 

171 

2 

(') 

11 

80 

68 

753 

3,611 
129 
158 
1 
193 
742 

186 

179 

64 

237 

271 
19 

28 

200 

134 

88 

309 



2 
24 

205 

417 

375 

15 

21 

{') 

5.182 

2.197 

236 

1.961 

2.396 
160 

72 
205 
181 

414 
92 
284 
679 
309 

589 

3.981 



552 

173 



170 

1 

169 

2.969 



,509 
167 
375 
460 
87 

54 
196 
112 

58 



33,115 

31 , 303 

155 

(=) 

103,298 

12,695 

(=) 

9,027 

39,706 

41,224 

158,069 

4,688,463 
117,099 
200,617 
3.875 
595,862 
408.492 

100,652 
208.404 
201.651 

45.271 
472.146 

88.987 

132,172 
385,846 
80.209 
142,419 
267,688 

691,948 



81,625 
308.553 



7.694 
13.967 



90,095 

113,864 
65,986 
24,232 
13,895 

(') 
1,470,416 

983,620 
108.490 
875,130 

358,318 
16,518 
20,010 
26,925 
30,938 

48,288 

2,775 

14,315 

156,053 

42,496 

128.478 



2.227.703 

1.350.763 

387,227 

434,340 

55,373 

14,456 

3,924 

10,532 

592,776 

5,185 

233,453 

57,836 

23,375 

43.087 

9,352 

3,125 
39,295 
48,553 

8,830 

13,663 



168 

147 

1 

(') 

162 

2 

(=) 

11 

81 

58 

750 

3,612 

129 
157 
1 
193 
748 

19 ,■ 
160 

65 
237 
272 

19 

28 
202 
125 

94 

311 



2 
24 

206 

447 

395 

25 

21 

(') 

5,240 

2.160 

252 

1.908 

2.501 
175 
72 
205 
170 

424 
117 
334 
705 
299 



227 

16 

162 

(') 

39 

170 

1 

169 



(^) 
1.499 
177 
375 
440 
97 

54 
165 
123 

68 



12.907.483 

36.019 
34,243 
550 
(') 

105,272 
10 , 549 
{') 

9, en 

41,387 
41,171 

328,360 
8,280,141 
132.332 
520,480 
3,853 
862,209 
925,322 

167.457 
383.979 
243.235 
87.069 
629,224 
102,929 

178,213 
664,336 
125,023 
231,784 
439.398 

1,062.X5 

152.006 
1.012.223 



41.922 
30,727 

153,405 

110,212 
72,965 
22,668 
11.967 
( = ) 



2,456,144 

87,447 

2,368,697 

852 , 592 

112,516 

34,723 

57,157 

50,373 

170,300 
11,512 
49.307 

278.506 
88.198 

315.911 

125.346 



44,643 

17.829 

14,496 

(') 

12.298 

9.379 
1.450 
7.929 



(') 

295,157 
41,884 
41.973 
93,607 
10,364 

10,522 
30,875 
46,676 
14,256 

1,829 



16,716 

188 

147 

1 

(') 

172 
2 
{') 
11 
81 
68 

815 

3,718 
129 
158 
1 
193 
768 

207 
180 

65 
252 
272 

19 

28 
202 
135 

94 
321 



206 

447 
395 
25 
21 

(') 
5,431 

2,270 

252 

2,018 

2,562 

175 
72 
225 

181 

434 
117 
344 
705 
309 

599 

4.037 



808 
13 
572 
173 
45 

170 

1 

169 

3,044 

65 

1,570 

177 

375 

430 

97 

54 

196 
123 
68 



670,959 

637 

517 
8 
(') 
5,978 

388 
(') 

343 
2,476 
2,750 

6,915 

479,400 

17,496 

14,250 

49 

9,679 

22,373 

5,577 
22,845 
25,144 

6,620 
44,444 

7,683 

2,302 
33,339 

8,702 
20,417 
40,279 

73,954 



16,610 
89,l6l 

4,341 

2,153 
1,984 

9,978 

5,567 
90 
4,851 
1,418 
(') 
79,855 

59,412 

5,757 

53,655 

13,427 

1,262 

523 

404 

1,314 

'821 
43 

'302 
7,565 
2,939 

7,016 

76,734 

53,801 
9,006 
5,300 

38,091 
1,404 

1,692 
777 
915 



159 

13,844 

957 

1,020 

4,341 

912 

216 

1,005 

4,420 

973 



58 
59 
70 
71 
72 

73 
74 
75 
76 



See footnotes at end of table . See text for explanatory statements and for "Description of the Sample and Limitations of Data . 



448404 O -57 ■ 



92 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



ALL ACTIVE CORPORATION RETURNS 



T«ble 14.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME OR DEFICIT, BY MONTH IN WHICH ACCOUNTINO PERIOD 

ENDED, BY MAJOR DTOUSTRIAL GROUP— Continued 



Major Industrial group 



Returns with annual accounting period ended — Continued 



January 1955 



Total assets 



Number 

of 
returns 



Amount 
f 77Mua«id 
(dollara) 



Gross receipts from 

sales and from 
operations 



Number 

of 
returns 



( Thouiend 



Net income or 

deficit 



Amount 
(TTiousand 
dollars) 



February 1955 



Total assets 



Number 

of 
returns 



( Thousand 
dollars) 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



(Thousand 
dollars) 



Net income or 
deficit 



Number 

of 
returns 



Amount 
(Thousand 



(49) 



(50) 



(51) 



(52) 



(53) 



(54) 



(55) 



(56) 



(57) 



(58) 



(60) 



All Industrial groups. 



Agriculture, forestry, and fishery. 
Fanns and agricultural services.. 

Forestry 

Fishery 



Uining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production 
Nonmetallic mining and quarrying 



Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics .... 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordinance, 

machinery, and transportation equipment . 
Machinery, except transportation equipment 

and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and equipment, except 
electrical. 

Ordnance and accessories 

Scientific instruments; photographic equip- 
ment; watches, clocks. 

Other manufacturing 



Public utilities 

Transportation 

Communication 

Electric and gas utilities. 
Other public utilities 

Trade 



Wholesale 

Commission merchants. 
Other wholesalers .... 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishings . 



Automotive dealers and filling stations. 

Dnjg stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 



Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment conpanies.. 
Security and comnodity-exchange brokers 
and dealers. 

Insurance carriers^ and agents 

Insurance carriers^ 



Insurance agents and brokers. 



Real estate, except lessors of real property 

other than buildings. 
Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Autooctive repair services and garages.... 

Miscellanecuo repair services, hand trades 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



21,264 

157 
142 

(') 

(') 
107 



(') 

934 

3,136 

32 

174 

a2 

762 

lie 

121 

51 

321 

109 

21 

19 
73 
76 
97 
226 



109 
18 



294 

299 
269 
(') 

1 
(') 
11,412 

2,321 

348 

1,973 

8,426 

266 

1,661 

3,479 

656 

374 
192 
387 
552 
859 

665 

3,809 



366 
162 

14 

141 
136 



36 

1,270 
113 
243 
419 
115 

51 
117 

90 
122 



38,546 
36,767 

(^) 

(^) 
23,704 



1,537 
14,150 
(') 
200,887 

1,174,079 
10,975 
101,282 

99,253 

181,152 

44,118 
32,192 
19,198 
114,482 
33,298 
21,108 

14,036 
13,910 
69,762 
16,431 
81,622 

109 , 557 



38,570 
4,712 



123,370 

46,120 
39,245 
(') 

3,039 
(') 
8,615,050 

769,418 
41,839 
727,579 

7,732,357 

60,351 

6,075,214 

1,007,678 

227,858 

75,514 
28,929 
17,253 
81,048 
158,512 

113,275 

1,463,301 



279,744 
210,697 
18,469 

17,603 
(') 
16,099 



8,295 

188,685 
41,730 
18,815 
84,089 
17,010 

2,148 
9,795 
7,420 
7,678 

11,953 



18,242 

167 
162 

(=) " 
107 

1 
83 

900 

3,123 

32 

164 

212 
767 

118 
111 

51 
332 
109 

21 

19 
74 
76 



109 
18 



284 

299 
249 

(') 

1 
i') 
11,451 

2,281 

318 
1,963 

8,490 

266 

1,654 

3,493 

667 

355 
202 
397 
572 

884 



104 

(=) 



146 
663 



1,214 
103 
253 
373 
100 

61 

122 
90 
112 



40,429 
39,499 



(') 

21,012 



2,677 
14,076 



2,475,352 
19,061 
288,525 

198,341 
498,077 

90,981 
63,185 
37,455 

198,620 
86,274 
47,483 
29,529 
44,205 

106,361 
43,242 

166,800 

161,264 

79,721 
13,031 



53,327 

225,044 

58,844 
51,291 

(') 

1,596 
(M 



2,550,325 

82,386 

2,467,939 

14,482,317 
296,739 

10,874,302 

2,137,851 

316,298 

272,932 

87,464 

53,365 

167,580 

275,786 

283,161 

112,987 



13,521 
(') 

9,970 

8,929 
(') 
7,970 



1,365 

194,636 
19,729 
37,593 
80,379 
13,633 

5,955 

13,386 

9,957 

14,004 

4,701 



21,855 

187 
172 

(') 

(=) 

107 



(=) 

950 

3,183 

32 

174 

212 
767 

118 
121 

51 
332 
109 

21 



109 
18 



294 

319 
269 
(') 

1 
I.') 
11.663 

2,371 

358 

2,013 

8,612 

266 

1,675 

3,534 

667 

385 
202 
407 
582 
894 

680 

3,951 



383 

173 

14 

151 
(') 
146 



46 

1,305 
113 
253 
429 
115 

61 
122 

90 
122 



933,602 

1,058 
838 
(=) 
C) 
'444 



I453 



84,195 

966 

6,030 

3,555 
5,313 

2,241 
2,841 
1,911 
11,735 
4,737 
ll 

1,165 

556 

13,356 

902 

5,310 

12,263 

2,085 
61 



3,825 

3,718 
2,840 
(=) 

272 
( = ) 
775,183 

31,899 

3,322 

28,577 

737,574 

5,572 

660,551 

53,352 

5,702 

3,089 

1,923 

238 

2,084 

5,063 

5,710 
51,613 



6,317 
14,206 
1,087 

391 
(=) 
299 



1,132 

6,335 
629 
1,309 
3,223 
'1,526 



87 

209 

1,345 

1,059 

'90 



2X 
205 



(') 

304 
(=) 

1 
(=) 
204 
56 



3,259 

59 

275 

127 
537 

161 
174 
69 
284 

131 
14 

39 
58 
98 
65 
348 



129 
28 



( = ) 



563 
513 



7,286 

2,530 

285 

2,245 

4,073 
298 
175 
752 
433 

450 
150 
641 
494 
680 

683 

4,625 

693 
C') 

544 
96 
(') 

179 

1 

178 



93 

1,534 
184 
266 
386 
164 

52 

151 
151 
180 



55,818 
54,129 

(') 

78,384 

(') 

108 
(') 

53,618 
13,399 

273,436 

,814,523 
17,727 
535,584 

78,955 
84,233 

104,074 
30,847 
36,540 

111,341 
55,424 
3,460 

73,733 
17,095 
25,450 
19,061 
116,115 

210,283 



76,891 
17,074 



(=) 
53,100 

129,162 

389,392 
68,565 
10,211 

306,536 
(=) 



627,818 
40,944 
586,874 

1,160,501 

697,209 

42,878 

83,042 

89,142 

60,664 
8,878 
27,863 
62,967 
87,358 

102,746 

1,234,691 

396,734 

C = ) 
265,600 
103,618 

(=) 

14,849 

319 
14.530 

811,843 

11,265 

138,380 
24,738 
18,203 
30,881 
17,398 

3,066 
17,631 
17,403 

9,066 

34,606 



241 

206 



289 

(') 

1 
(') 
199 
56 



3,237 

59 

265 

127 

542 

142 
174 

69 
284 
142 

15 

39 
58 
98 
65 
338 



129 
28 



(') 



595 

505 



7,368 

2,501 

295 

2,206 

4,184 

313 
175 
747 
478 

455 
160 
676 
485 
695 

683 

1,338 

268 
(') 

185 
(') 
(') 



168 
900 



1,473 
139 
271 
391 
132 

52 

137 
131 
170 



49,295 
48,062 

(=) 

81,870 

(') 

610 
(') 

61,353 
14,570 

617,670 

i, 179, 356 

31,774 

986,419 

133,862 
246,187 

161,658 
66,186 
57,829 
176,787 
101,765 
15,987 

110,078 
43,030 
50,055 
40,413 

196,365 

227,097 



175,772 
20,112 



(') 
75,479 

220,831 

231 , 596 

92,710 

6,604 

131,362 

(') 

8,617,036 

2,233,736 

138,819 
2,094,917 

6,096,386 

5,021,886 

70,056 

186,808 

137,351 

246,907 

27,279 

83,172 

147,524 

175,403 

286,914 

121,851 



22,536 

{') 

10,596 
(') 
(') 

14,645 

527 

14,118 



520 

202,357 
13,616 
41 , 372 
53,339 
11,284 

4,639 
28,169 
21,721 
23,217 

5,276 



251 
216 

(') ' 
304 
(') 

1 
(') 
204 
56 

1,438 

3,317 

59 

275 

127 
542 

162 
174 

69 
304 
142 

15 

39 
58 
98 
65 
358 



129 
28 



(') 



328 

615 

525 

57 

12 

(') 

7,534 

2,576 

305 

2,271 

4,245 
313 
175 
757 
498 

465 
160 
677 
495 
705 

713 

4,732 

694 

544 
97 

179 

1 

178 



103 

1,626 
194 
271 
432 
164 

52 
152 
181 
180 



3,286 
3,397 

(') ' 
'872 

(') 
'46 

(') 
'131 

1,116 

9,884 

160,851 

866 

48,205 

1,668 
2,153 

9,985 
4,875 
3,534 
14,288 
4,298 
103 

8,516 
1,533 
3,444 
2,702 
9,799 

19,422 



7,121 
24 



(') 
3,186 

14,107 

22,005 

7,095 

'1,023 

16,150 

n 

140,889 

30,752 
2,461 
28,291 

106,133 

89,384 

864 

1,568 

4,209 

2,174 

578 

'393 

3,160 

4,589 

4,004 

44,059 



(') 
4,332 
16,780 
(') 



540 
24 
516 



'126 

9,536 
864 
539 

2,543 
528 

'39 

'622 

3,689 

2,034 

289 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data.' 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



93 



ALL ACTIVE CORPORATION RETURNS 



Table 14.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME OR DEFICIT. BY MONTH IN WHICH ACCOUNTING PERIOD 

ENDED, BY MAJOR INDUSTRIAL GROUP— Conlinued 



Uajor industrial group 



Returns Tfith annual accounting period ended — Continued 



March 1955 



Total assets 



( Thoutattd 
dotlar») 



Gross receipts from 
sales and from 

operations 



Number 

of 
returns 



Amount 
(Thouaartd 
doH»r9} 



Net income or 
deficit 



Nuniber 

of 
returns 



(Thoun 
dollai 



April 1955 



Total assets 



Number 

of 
returns 



Amount 
( Thousand 



Gross receipts from 

sales and from 

operations 



Amount 

( Thouatnd 



Net income or 
deficit 



Number 

of 
returns 



Amount 

(Thouaand 
dollara) 



(61) 



(63) 



(65) 



(66) 



(67) 



(68) 



(69) 



(70) 



(71) 



All industrial groups 

Agriculture, forestry, and fishery 

Farms and agricultural services 

Forestry 

Fishery 

Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production 
Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics.... 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Prijuary metal industries 

Fabricated metal products, except ordnance, 

machinery, and transportation equipment. 
Machinery, except transportation equipment 

and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles . 

Motor vehicles and equipment, except 
electrical. 

Ordnance and accessories 

Scientific instrmnents; photographic equip- 
ment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Consiuni cation 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Conmission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishings 

Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust cnmpanies 

Credit agencies other than banks 

Holding and other investment companies.. 
Security and commodity-exchange brokers 
and dealers . 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Heal estate, except lessors of real property 

other than buildings. 
Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages.... 

Miscellaneous repair services, hand trades 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



35,086 

570 
537 

(') 

485 

28 

( = ) 

70 

249 

132 

2,902 

6,427 
153 
664 
1 
258 
660 

327 
270 
122 
659 
265 
23 



136 
263 
126 
676 



247 
55 



1 
150 



854 

738 

61 



4,271 

558 

3,713 

6,416 
708 
220 
713 
304 

862 
177 
834 
630 
1,398 

1,314 



1.202 
42 
906 
161 
93 



367 
(') 
357 

6,360 

143 

3,462 
354 
641 
382 
302 

235 
356 
400 
292 



10,638,077 

159,931 
146.248 
(') 
{') 

368,645 
12,067 

88,901 
159,767 
107,277 

620,507 

3.559,569 
61,614 
880.579 
510 
305,189 
108,629 

201.555 
102,080 
214,527 
169,752 
83,666 
80,866 

12,406 
35,081 

118,382 
61,400 

160,004 

456,495 



186,709 
15,412 



364 
117,389 

155,239 

193,068 
153,994 

16,557 
9,770 

12,747 



1,307,920 

63,784 

1,244,136 

1,060,150 

330,898 

27,695 

71,924 

121,544 

149,890 
29,632 
41,708 
94,573 

192,236 

172,361 
2,738,230 



1,280,648 

458,153 

501,448 

280,681 

40,366 

37,372 
(') 
37,350 

1,453,517 

16,193 

399,102 
89,681 
49,814 
96,603 
24,692 

10,880 
51 , 393 
58,779 
17,260 

8,594 



560 
528 

( = ) " 

471 

29 

(') 

85 

219 

132 

2,855 

6,462 
163 
648 
1 
258 
641 

348 
280 
123 
660 
255 
23 

27 
136 
263 
136 
666 



244 
55 



1 
150 



864 
728 

81 
9 

46 



4,199 

543 

3,656 

6,597 
699 

230 
683 
814 

897 
137 
989 
650 
1,448 

1,235 

2,144 



297 

(') 



(') 
357 

1,357 

(') 

3,343 
259 
642 
845 
252 

240 
357 

415 
313 



17,892,123 

150,573 
148,228 

(5) 

307,153 
8,703 

75,810 
116,383 
103,414 

1,413,308 

6,584,311 
173,702 

2,012,832 

1,126 

443,213 

317,926 

342,139 
221,145 
279,193 
293,899 
175,495 
186,302 

28,271 
36,390 
169,990 
105,015 
315,005 

537,317 

354,990 
33,331 



651 
166,977 

273,880 

170,628 

151,348 

9,177 

5,623 

4,480 

8,510,192 

4,550,125 

183,303 

4.366,822 

3,525,836 

1,702,663 

75,822 

114,999 

231,323 

546,863 
91,469 
131 ,025 
2X,354 
400,367 

434,181 

207,095 



58,925 
15,215 
18,266 
(') 
23,214 

31,502 
(') 
31,419 

116,645 

544,707 

43,059 

101,343 

181,630 

26,571 

26,423 
63,845 
62,353 
39,463 

4,156 



36.447 

591 
548 

( = ) 

(') 

5a 

39 

(') 

35 
249 
142 

2,985 

6,595 
163 
668 
1 
259 
681 

348 
230 
123 
680 
265 
23 

27 
145 
253 
136 
696 



247 
55 



1 
150 



834 
748 

31 
9 

46 



4,334 

563 

3,771 

5,587 

719 
230 
713 
834 

917 
187 
939 
550 
1,448 

1,325 

3,435 

1,250 

43 

953 

171 

93 

373 
(') 
367 

6,584 

163 

3,555 
374 
552 
922 
322 

240 
367 
445 
333 



631,993 



6,739 
5,777 
(*) 
(') 
9 051 
'539 
(') 
982 
98 
8,591 

33,830 

335,418 

4,892 

103,993 

1 

13.611 

2,618 

24,165 
9,573 
26,052 
11,395 
11,224 
6,391 

1,390 
3,525 

13,247 
4,752 
9,200 

34,746 

27,894 
430 

2,079 

Hl4 
9,513 

13,584 
4,624 

5,409 

'1,977 

1,106 

86 

154,925 

75,411 

2,818 

73,593 

72,271 

45,451 

1,331 

1,185 

1,000 

4,199 
3,020 
847 
5,576 
9,662 

6,243 

53,381 



22,597 
1,380 
5,208 

14,244 
1,855 



3,138 
32,905 

'377 

23,233 

3,339 

3,629 

5,954 

837 

73 
5,325 
7,085 
1,990 

792 



283 

279 



314 

2 
15 
193 
92 

1,593 

4,405 

69 

403 

3 

225 

596 

209 
215 

73 
465 
154 

29 



115 
405 



435 

677 

501 

23 

42 

8,057 

3,149 

363 

2,781 

4,093 
337 
144 
394 
564 

501 
153 
590 
411 
954 

810 

6,595 



1,117 

28 

874 

156 

59 



215 
5,105 

155 

2,409 
343 
375 
559 
233 

125 
136 
327 
246 



8,649,410 

85,370 
81,657 

3,713 
192.494 
(') 

3,106 
97,965 
54,639 
25,427 

352,219 

2,532,817 
105,354 
351,175 
3,429 
137,600 
113,625 

232.653 

68,731 

447,174 

150,885 

44,342 

34.791 

14,777 
34,109 

121,187 
41,316 

140,908 

193,579 



84,429 
165,936 



11,115 



38,334 

85,313 

170,414 

161,117 

3,472 

(') 

2,124 

1,554,998 

799,528 

64,632 

734,996 

599,084 
179,211 
12,138 
24,198 
53,371 

87,474 
17,358 
35,934 
57,625 
125,715 

156,285 

3,230,511 



1,893,485 
227,120 

1,192,970 
272,625 
200,769 

25,841 

299 

26,542 



15,944 

410,331 

225,011 

43,306 

45,415 

33,990 

5,150 

12,073 
27,785 

11.151 

19,606 



294 

290 



(') 



15 
163 
112 



4,238 
59 

413 

3 

215 

597 

199 
205 

73 
430 
154 

29 

21 
117 

37 
116 
405 



133 
73 



457 

645 
559 

23 
I') 

42 

8,194 

3,070 

358 

2,712 

4,234 
393 
144 
409 
554 

521 
153 
720 
416 
969 

340 

1,596 

372 

(') 

310 

1 

43 



236 
(') 
226 



2,278 
247 
400 
504 
208 

125 
196 
362 
236 



11,470,077 

83,150 
79,844 

3,316 

205,606 

(^) 
5.596 

100.864 
64,074 
33,423 

725,680 

4,323,923 
159,506 
830,480 
5,005 
235,802 
325,578 

308,319 
142,534 
385,917 
257,105 
92,254 
63,583 

33,547 
93,396 

125,270 
59,901 

242,824 

292,919 



151,252 
236,113 



163,394 

144,789 

135,247 

4,852 

2,253 

5,305,911 

2,793,655 

178,824 

2,614,831 

2,050,025 

918,105 

27,377 

52,572 

103,529 

341,313 
45,155 
110,912 
122,155 
333,296 

452, 2X 



83,496 
( = ) 
17,609 
21 
65.297 

16,826 
(') 
15,819 

113,972 

450,125 
137,049 

57,230 
119,238 

23,490 

14,242 
22,614 
49,976 
26,236 

5,031 



294 

290 



334 

2 

15 
193 

112 

1,626 

4,453 

69 

413 

3 

225 

517 

209 

215 

73 

455 

154 
29 

21 
117 

97 
116 
415 



487 

635 
609 

23 
(') 

42 

8,364 

3,200 
363 
2,332 
4,314 
393 
144 
409 
564 

521 
153 
740 
416 
959 

850 

6,837 



1,149 

28 

894 

158 

69 

237 
(') 
226 



165 

2,605 
384 
400 
569 
263 

125 

a6 

332 
255 



(72) 



5,550 
5,772 



(') 

'125 
1,833 
1,523 
3,299 

16,701 

239,320 
12.477 
23,916 
116 
1,376 
4, OX 

19,877 
4,984 
53,589 
17,516 
4,173 
4,187 

3,009 
2,436 

23,261 
'355 

13,247 

19,014 

8,935 
12 1 637 



5,028 

5,049 

11,789 
10,485 



(') 
191 



45,747 

2,586 

44,161 

43,951 

20,871 

'45 

671 

654 

2,495 
1,442 
1,566 
4,050 
12,247 

10,526 

73,953 

32,868 
1,013 
7,913 

21,724 
2,213 

1,667 

(') 

1,565 

38,878 

540 

22,349 
7,372 
2,489 
3,433 
1,965 

133 

910 

6,031 

15 



216 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sajnple and Limitations of Data." 



94 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



ALL ACTIVE CORPORATION RETIRNS 



Table U.-TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME OR DEFCrT. BV MONTH IN WHICH ACCOUNTINO PERIOD 

ENDED, BY MAJOR INDUSTRIAL GROUP— ConUnusd 



Major industrial group 



All industrial groups 

Agriculture, forestry, and fishery. 
Farms and agricultural services . . 

Forestry ■. 

Fishery 



47 
i8 

50 

51 
52 
53 
54 
55 

56 

57 

58 
59 
60 
61 
62 

63 

64 
65 

66 

67 

6S 
69 
70 
71 
72 

73 
74 
75 
76 



Mining and quarrying 

Metal mining 

Anthracite mining 

Bituininous coal and lignite mining 

Crude petroleum and natural gas production 
Nonmetallic mining and quarrying 



Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics.... 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordnance, 
machinery, and transportation equipment. 

Machinery, except transportation equipment 
and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and equipment, except 
electrical . 

Ordnance and accessories 

Scientific instruments; photographic equip- 
ment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 



Wholesale 

Comsission merchants. 
Other wholesalers 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishings 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 



Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies.. 
Security and commodity-exchange brokers 
and dealers. 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real property 

other than buildings. 
Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages.... 

Miscellaneous repair services, hand trades 

Motion pictures 

Amusement , except motion pictures 

Other services , Including schools 

Nature of business not allocable 



Returns with annual accoi^nting period ended — Continued 



Total assets 



Number 

of 
returns 



23,017 



425 
370 



302 
13 

41 

192 

56 

1,170 

4,143 
45 
365 
3 
191 
639 

162 
159 
92 
365 
257 
7 

45 

140 
140 
102 
332 



129 
21 



2 
86 

461 

559 
484 

27 
( = ) 

38 

8,003 

3,400 

446 

2,954 

3,748 
318 
149 
304 
542 

597 
181 
4i9 
271 
937 

855 

6,176 



985 
(') 
785 
106 

73 



174 
4,920 

97 

2,006 
252 
309 
494 
182 

131 
205 
248 
185 

233 



( Thouaand 
dollara) 



(74) 



102,343 
99,235 



227,379 
27,895 

10,730 
165,333 

23,371 

198,579 

1,119,286 
10,079 
794 . 364 
4,354 
120,061 
110,461 

42,949 
59,415 
99,709 
61,494 
795,561 
19,868 

4,958 

45,083 

38,827 

391,625 

125.690 

100,791 



166,741 
24,951 



1,703 
16,147 

75,560 

135,645 
117,751 

12,720 

(') 
2,967 



999,893 
49,534 
950,359 

449,831 
45,657 
18,460 
23,589 
80,713 

81,933 
15,975 
28,029 
51,414 
104,041 

123,229 

2,101,666 

843,088 
(') 

448,648 
77,390 
46,488 



21,350 
1,229,122 

8,106 

220,500 
63,030 
23,292 
28,552 
12,085 

12,693 
35,960 
35,502 
9,386 

5,944 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



425 

370 



263 

13 

41 

153 

56 



365 

3 

197 

650 

153 
159 
92 
344 
262 
7 

45 
140 
140 

97 
332 



121 
20 



432 

539 

474 

17 

(') 

38 

8.131 

3,414 

461 

2,953 

3.852 
339 
164 
314 
543 

594 
181 
499 
281 
937 

865 

1,664 

432 
(=) 

335 
(') 
70 



184 
1,038 

(') 

1,891 
192 
324 
414 
182 

131 
195 
258 
195 

111 



dollai 



(76) 



12,285,147 

125,900 
118,965 

6,935 

183,939 
19,379 

12,880 
107,345 
44,335 

424,061 

5,561,065 
15,061 
2,191,387 
10,976 
205,259 
361,249 

97,822 

111,487 
166,267 
121,083 
658,333 
33,888 

12,599 
128,079 

66,042 
339,687 
245,035 

181,345 

359,275 
42,511 



5,041 
29,246 

162,534 

191,209 

170,655 

13,257 

3,907 



3,696,711 

146,357 

3,550,354 

1,267,438 

252,511 

39,807 

54,705 

109,937 

307,625 
46,440 
85.286 
108,172 
262,955 

354,581 

208,965 

77,574 
(') 

14,534 
(') 

62,207 

19,518 

19,518 
111,502 

(') 

269,468 
40,750 
43,999 
43.676 
12,355 

30,800 
41,511 
41,669 
14,708 



Net income or 
deficit 



Number 

of 
returns 



(77) 



1.810 



425 
370 



55 

303 



41 
193 



1,214 

4,196 
45 
365 

3 
197 
650 

163 
159 
92 
365 
262 



140 
140 
107 
332 



131 
21 



2 
86 

482 

560 

485 

27 

38 

8,276 

3,499 
476 

3,023 

3,902 
339 
174 
314 
543 

614 
181 
499 
281 
957 

875 

6,408 



1,052 

837 

111 

83 



184 
5,075 

97 

2,086 
252 
324 
494 
202 

141 
210 
258 
205 

273 



( Thatiaand 
doltara) 



(78) 



5,367 
6,063 

'696 

15,896 
5,751 



7,744 
2,465 

7,505 

264,094 

361 

70,614 

357 

3,340 

4,145 

5,477 
5,168 
7,593 
5,242 
76,459 
1,008 

'570 
2,826 
4,195 
29,584 
9,531 

9,524 

22,541 
408 



468 
1,222 

4,255 

15,716 

15,661 

'59 

(') 

92 

86,412 

57,288 
3,553 
53,735 

21,275 

3,608 

652 

957 

2,355 

3,693 
1,532 
489 
2,303 
5,686 

7,849 

44,347 



(') 

5.399 

5,931 

1,474 



671 
30,714 



4,335 
1,076 
1,294 
1.094 
496 

'577 
'217 

1,017 
152 

411 



Total assets 



49.133 

840 
793 
(') 
37 

696 

65 
(') 
125 
387 

103 

2.545 

10,071 

121 

855 

17 

497 

1,369 

478 
457 
248 
979 
614 
38 

70 
158 
299 
261 
962 



443 
58 



999 

1,646 
1,322 

209 
(^) 
92 

17,843 

6,867 

948 

5,919 

9,285 

781 

427 

1,191 

1,100 

990 
584 

1,083 
760 

2,369 

1,596 
10,718 



1,932 
232 

1,371 
295 

84 

517 
(') 
507 

8,048 

171 

4,285 

430 

859 

1,134 

334 

233 
339 
334 

517 



f TTwuaand 
dollara) 



(80) 



19,503,831 

277,590 
272,588 
(^) 
4,774 

502,999 

41,449 

(') 

66,088 
345,936 

45,025 

655,732 

7,801,598 
106,773 
939,105 
6,509 
794,346 
347,372 

222,062 
177,870 
211,438 
234,444 
1,270,031 
200,836 

46,205 
107,720 
119,418 
814,287 
565.077 

641,493 



250.752 
197,341 



11,999 
70,562 

366,023 

532,810 
453,640 

54,789 

(') 

11,951 



2,144,313 

133,331 

2,005,932 

1,257,060 

214,122 

54,032 

127,560 

171,759 

160,871 

51.649 

56.832 

106,753 

303,482 

268,150 

5,517,333 

3,544,298 

1,530.316 

1,481.819 

443.637 

38,526 

40.981 

(=) 

33.523 

1.912,558 

19,496 

628,910 
153,835 

60,709 
114,347 

42.473 

15.775 

123.447 

57.009 

61.315 

17,336 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



41,213 

862 

315 
{') 
37 

638 
45 
(^) 
126 
397 
103 

2,489 

10,037 

121 

862 

17 

507 

1,345 

496 
467 
239 
957 
620 
33 

70 
148 
309 
271 
948 



423 
78 



1,537 
1,253 

209 
( = ) 

102 

13,217 

6.835 

923 

5,912 

9,523 

806 

457 

1,201 

1,115 

1,034 
600 

1,214 
796 

2,400 

1,759 
3.031 

829 

201 

535 

35 

58 



537 
527 



(') 

4,124 
389 
879 

1,070 
289 

308 
339 
334 
516 



( nioua^id 
dollara) 



(82) 



29,920,127 

333,433 
328,679 

( = ) 
4,337 

443,836 
49,534 

(') 
67,789 

266,583 
49,431 

989,773 

13,846,052 

200,082 

2,599,732 

13,829 

1,119.416 

971.523 

412,653 
364,201 
295,703 
385.153 
1,986,619 
224,996 

93,015 
229,555 
205.571 
863,320 
971,337 

935,442 



530,563 
394,074 

211,958 

35,565 
102,745 

692,289 

520,409 

469,735 

37,979 

(') 

7,324 



8,072,465 

289,764 

7,732,701 

3,802,399 

1,149,021 

124,022 

299,141 

308.231 

665,935 
148,404 
193,520 
234,170 
580,405 

773,880 

327,367 

116,212 

5,028 

33,660 

6,635 

70,889 

31,373 
{') 
29,938 



(') 
795,675 

99,343 
104,969 
204.257 

35.439 

34.966 

160,898 

68,908 

35,895 

9.288 



Net income or 
deficit 



(83) 



50,936 

852 
315 

(') 
37 

758 
65 
(') 
146 
417 
113 

2,641 

10,250 

121 
872 

17 

507 
1,385 

506 
457 
249 
999 
630 
38 

70 
158 
309 
271 
968 



1,009 

1,687 
1,353 

209 
(') 

102 

18,447 

6,985 

953 

5,032 

9,703 
306 

477 
1.201 
1.115 

1,064 
500 

1,234 
796 

2,410 

1,759 
11 , 170 

2,091 
232 

1,477 
298 
84 



(') 
547 

8,351 

171 

4,431 
450 
379 

1,245 
354 

308 
359 
334 
552 



(Thoaaand 
dollara) 



(84) 



19,892 
19,927 
(') 
'81 

13,231 
2,005 

(') 
902 
8,077 
2,597 

27,335 

743,210 

2,321 

92,006 

586 

35,617 

18,883 

17, 520 
16,599 
15,225 
24,454 
185,993 
1,590 

5,813 

7,664 

15.723 

55,485 

57,050 

70,404 



25,078 
29,712 



34 
3,718 35 

35,500 

32,544 
27,394 
4,137 
(') 
631 

213,296 

122, Ml 

3,134 

114,167 

75,997 
23,674 

2,012 

7,573 

7,301 

7,231 
3,679 
2,243 
5,383 
15,901 

14,998 

113,595 

56,288 
10,045 
16,470 
28,711 
1,052 



3,440 
(') 
2,392 

52,995 

871 

44,433 
5,531 
3,823 

11,301 
2,319 

448 
10,563 
5,134 
4.314 



'Deficit. 

'For treatment of life and mutual insurance companies, see text, p. 17. 

^Sampling variability of this Item was too large to warrant showing it separately. However, this value was included In each total. 

NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



95 



ALL ACTIVE CORPORATION RETURNS 

T«ble 15.— SET INCOME OR DEFICIT AND TAXFS, BV CALENDAR AND NONCALENDAR YEAR ACCOUNTING PERIOD. BY SIZE OF NET INCOME OR DEFICIT 



Accounting period and size of net income or deficit 













Returns without 
















Number of 


Nel incone 


Incjine tax 


Excess profits tax^ 


Number of 




Number of 


Amount 


Number of 


Amount 


Deficit 


returns 


(Thouawd 




(Thousand 


returns 


(Thousand 




(Ihousmtd 




doners) 




dollsra) 




dollars) 




dollars) 


(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(«) 


«1 , 177 


39,572,830 


391,522 


'16,823,241 


3,724 


37,711 


281,628 


3,244,395 


182,793 


8,366,298 


159,355 


3,628,931 


3,536 


37,379 


110,210 


1,197,479 


36,675 


15,374 


29,508 


3,044 


- 


- 


42,282 


12,683 


18, X3 


26,639 


14,807 


6,122 


- 


- 


lr,75>_. 


18,534 


13,082 


32,286 


10,867 


7,793 


- 


. 


'1,431 


20,692 


9,680 


33,679 


8,178 


7,999 


- 


- 


b,43a 


22,390 


8,021 


35,894 


6,985 


8,565 


- 


- 


4,7-'! 


21,454 


25,321 


182,842 


22,663 


47,229 


_ 


_ 


13,930 


99,671 


15,612 


193,025 


14,465 


51,454 


- 


_ 


6,595 


80,637 


11,699 


204,017 


11,133 


56,697 


11 


3 


3,711 


64,295 


ll,ilO 


257,886 


11,020 


72,829 


218 


44 


2,306 


51,406 


14,877 


508,334 


14,230 


162,661 


1,493 


992 


4,995 


172,456 


7,U6 


500,702 


6,832 


196,750 


703 


1,360 


2,428 


167,132 


5,125 


786,002 


4,957 


342,092 


529 


2,329 


1,071 


162,143 


1,880 


654,306 


1,835 


300,657 


247 


2,271 


278 


92,627 


948 


654,581 


929 


310,203 


134 


2,460 


93 


65,150 


827 


1,716,606 


795 


808,004 


164 


8,672 


44 


79,540 


157 


2,564,125 


151 


1,246,832 


37 


19,248 


6 


66,669 


258,384 


31,206,532 


232,167 


13,194,310 


188 


332 


171,418 


2,016,916 


59,457 


23,326 


48,063 


5,105 


_ 


_ 


75,740 


21,058 


27,30i 


39,268 


22,979 


9,793 


- 


- 


21,Oi2 


30,614 


18,001 


44,468 


15, 666 


11,253 


- 


- 


i3,a;7 


32,167 


12,907 


44,910 


11,433 


11,405 


_ 


_ 


9,143 


31,754 


10,847 


48,543 


9,760 


12,101 


- 


- 


6,836 


30,612 


33,498 


241,723 


30,773 


64,305 


1 


9 


18,868 


133,748 


20,398 


252,023 


19,480 


69,258 


15 


1 


8,239 


101,263 


13,700 


238,690 


13,200 


67,046 


1 


_ 


4,581 


78,961 


13,010 


293,553 


12,720 


84,074 


20 


2 


2,861 


64,162 


20,520 


710,732 


19,949 


232,759 


87 


36 


6,049 


208,389 


11,741 


819,769 


11,456 


322,479 


40 


80 


2,785 


190, 540 


8,680 


1,354,744 


8,491 


581,599 


14 


79 


1,407 


215,220 


3,519 


1,231,243 


3,463 


541,639 


4 


35 


469 


157,720 


2,005 


1,403,613 


1,979 


627,511 


6 


90 


171 


119,423 


2,062 


4,283,747 


2,028 


1,888,567 


_ 


_ 


155 


302,038 


735 


20,176,180 


727 


8,665,353 


- 


- 


25 


329,207 



Annual noncalendar year accounting periods: 
Total 



Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000... 
$1,000,000 under $5,000,000. 
$5,000,000 or nore 



Calendar and part year accounting periods: 
Total 



Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000. 
$5,000,000 or more 



^The excess profits tax law tenninated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for 
annual accounting periods ended July through November 1954 and returns for part years which began in 1953. 

'included in the grand total, but not in the detail, is $63,000 of tax reported on returns with no net income. See "Explanation of Terms," Income tax , p. 25. 
NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



96 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



RETURNS WITH BALANCE SHEETS 

Table 16.— TOTAL ASSETS. NET INCOME OR DEFICIT. AND TAXES, BV CALENDAR AND NONCALENDAR YEAR ACCOUNTING PERIOD, BY SIZE OF TOTAL ASSETS 



Accotinting period and size of total assets 



RctujTis with and v;ithoat net income 



Number of 
returns 



Total assets 

(Thotiaand 
dollars) 



Net income 
or deficit 

(Thoasvjd 
doUara) 



N\miber of 

returns 



Total assets 

(Thousand 
dollars) 



Net income 

( Thouaand 
dollara) 



Income tax 



Number of 
returns 



Amount 
(Thousand 
dollara) 



Excess profits tax^ 



Number of 
returns 



Anount 
( Thouaand 
dollara) 



(1) 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



(3) 



Grand total 

Annual noncalendar year accounting periods 
Total 

Under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $2,500,000 

$2,500,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $25,000,000 

$25,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 or more 

Calendar and part year accounting periods: 
Total 

Dhder $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $2,500,000 

$2,500,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $25,000,000 

$25,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 or more 



805,300,082 



36,096,681 



713, 530, 577 



39,137,178 



16,6*5,457 



282,762 



120,157,210 



7,133,750 



179,094 



97,633,741 



8,302,927 



156,465 



69,530 
46,450 
51,875 
60,228 
26,869 

13,717 
8,561 
2,890 
1,279 
862 

287 
119 
67 

28 



385,094 



809,096 
1,692,936 
3,738,305 
9,589,996 
9,330,199 

9,524,495 
13,083,772 
9,967,038 
3,790,119 
13,095,296 

9,990,480 
7,396,390 
9,981,293 
12,662,245 



685,142,872 



'59,746 
22,774 
143,189 
406,135 
415,481 

492,183 
743,468 
591,419 
578,433 
883,736 

627,409 
520,404 
595,098 
,178,767 



28,957,931 



29,378 
27, 170 

35,201 
44,922 
20,723 

10,664 
6,600 
2,272 
1,027 

700 

243 

108 
61 
25 



240,585 



338,568 

999,865 

2,560,824 

7,190,253 
7,213,507 

7,413,072 
10,093,623 
7,329,054 
7,090,943 
10,646,423 

3,431,680 
7,112,623 
9,039,373 
11,663,928 



615,846,836 



55,168 
118,364 
259,031 
609,351 
548, 577 

603,250 

873,131 
661,702 
628,962 
923,258 

661,319 
541,201 
602,126 
,217,437 



21,387 
23,006 
31,278 
41,267 
19,232 

9,979 

6,142 

2,109 

971 

646 

217 
102 
55 
24 



11,232 
30,574 
71,044 
184,747 
193, 504 
244,567 
390,881 
306,898 
300,763 
431,969 

303,868 
252,351 
279,067 
603,255 



98,074 
58,991 
65,126 
74,071 
33,487 

19,900 
16,345 
7,974 
5,045 
3,366 

1,203 
675 
474 

363 



1,098,289 
2,149,991 
4,691,233 
11,789,453 
11,715,616 

13,966,393 
25,729,152 
28,154,655 
35,414,811 
51,843,159 

41,413,956 
47,648,073 
72,394,175 
336,633,416 



'63,661 
13,540 
116,513 
427,634 
548,698 

718,939 
1,157,865 
1,127,802 
1,262,422 
1,987,437 

1,699,716 
2,108,794 
3,143,231 
14,709,001 



39,846 
33,602 
42,516 
53,632 
26,147 

15,887 
33,203 
6,667 
4,058 
2,684 

1,001 
576 
416 
350 



511,944 
1,234,024 
3,078,293 
8,587,238 
9,157,819 

11,187,577 
20,767,882 
23,471,615 
28,541,734 
41,376,633 

34,491,339 

40,923,240 

64,079,600 

328,437,798 



65,436 
115,913 
258,885 
671,500 
702,536 

353,320 
1,343,255 
1,266,738 
1,368,348 
2,144,103 

1,755,0(X 
2,235,611 
3,238,630 
14,814,972 



14,237 

30,056 

72,444 

205,402 

251,862 

347,863 
589,095 
564,431 
622,052 
963,541 

302,845 

967,776 

1,504,474 



(9) 



43 

249 

1,074 

885 

557 
363 
U6 
79 
74 

19 
10 
6 



(10) 



27 

106 

976 

1,619 

2,050 
3,216 
2,574 
2,742 
5,409 

4,164 
2,896 
4,212 
6,742 



1 
13 
14 

19 
48 



^The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that i 
annual accounting periods ended July through November 1954 and returns for part years which began in 1953. 
'Deficit. 
NOTE; See text for explanatory statements and for "Description of the Saniple and Limitations of Data." 



3te and reported on returns for 



A 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



97 



RETIRNS WITH NET INCOME 

Table 17.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS. AND NET INCOME,By MONTH IN WHICH ACCOUNTING PERIOD ENDED. BY MAJOR INDUSTRIAL GROUP 



Major industrial group 



Retiirns for calendar, annual noncalendar, and part year 
periods, total 



Total assets 



Number 

of 
returns 



Amount 

(ThwisHnd 
dotlars) 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



Amount 
f Thatisand 
dottata) 



Number 

of 
returns 



Amount 

(Thousand 
doUata) 



Returns for calendar year and part year periods, total 



Total assets 



Number 
of 

returns 



Amount 

(Thouaand 
dollaraj 



Number 

of 
returns 



Gross receipts from 

sales and from 

operations 



Amount 
( Jhouaand 
doUaraj 



Number 

of 
returns 



( Thousand 
dottara) 



(1) 



(2) 



(3) 



(i) 



(6) 



(7) 



(8) 



(9) 



{12) 



All industrial groups 

Agriculture, forestiy , and fishery 

Farms and agricultural services 

Forestry 

Fishery 

Uining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production. 
Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made frcm fabrics 

Lumber and wood products, except furniture. 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ord- 
nance, machinery, and transportation 
equipment . 

Machinery, except transportation equipment 
and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles . 

Motor vehicles and equipment, except elec- 
trical . 

Ordnance and accessories 

Scientific instruments ; photographic 
equipment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Cooxmmi cation 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Commission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishings 

Automotive dealers and filling stations . . 

IDrug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance, i real estate, and lessors 
of real property . 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity-exchange brokers 
and dealers. 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real prop- 
erty other than buildings . 
Lessors of real property, except buildings. 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades. 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



4,272 

4,004 

150 

118 

4,005 

213 

57 

442 

2,014 

1,279 

20,522 

72,998 
1,676 
6,436 
108 
3,147 
7,437 

3,470 
2,593 
1,969 
9,146 
4,482 
426 

529 
1,589 
2,783 
2,085 
7,393 



6,861 



2,391 
653 



16,304 
12,001 
2,333 



49,438 
6,352 

43,086 

75,893 
5,871 
4,635 

10,771 
7,233 

12,783 
3,673 
6,522 
10,184 
14,221 

12,043 

129,856 

32,628 
13,579 
13,246 
4,661 
1,142 

8,620 
2,081 
6,539 

85,801 

2,807 

32,779 
3,362 
6,864 
8,943 
3,167 

1,608 
3,078 
2,640 
3,112 

1,569 



713,530,577 

1,940,197 

1,807,018 

114,731 

18,448 

8,159,887 
2,074,321 
141,808 
1,356,972 
3,515,934 
1,070,852 

6,706,872 

164,843,339 
3,414,916 
11,391,962 
2,854,453 
6,641,201 
2,671,583 

3,362,122 
1,431,749 
6,763,075 
4,905,996 
15,701,835 
28,122,760 

2,806,720 
1,262,809 
5,193,681 
16,080,551 
7,303,526 



14,406,674 



8,802,072 
5,370,679 

10,417,103 

191,391 
2,530,129 

2,716,352 

87,464,017 
30,850,980 
16,300,162 
39,061,163 
1,251,712 

49,895,857 

22,355,373 

1,445,639 

21,409,734 

24,154,871 
3,473,341 
3,600,154 
2,096,230 
1,434,540 

3,135,975 

513,446 

595,583 

2,100,724 

2,104,373 

2,835,613 

386,430,185 

259,433,772 

225,159,941 

20,688,493 

11,752,558 

1,387,780 



105,555,951 

104,554,251 

1,001,700 

19,073,612 

2,311,650 

7,935,351 
1,700,239 

322,044 
1,399,982 

447,207 

122,562 

1,992,088 

546,041 

405,638 

154,372 



462,063,942 

1,751,159 

1,696,953 

31,642 

22,564 

6,478,991 
1,188,569 
98,262 
1,120,985 
2,994,501 
1,076,674 

14,441,227 

236,497,536 
6,604,469 
30,132,816 
3,617,689 
9,145,564 
7,037,233 

4,558,905 
2,844,539 
3,000,697 
7,453,649 
17,583,562 
26,719,227 

4,395,471 
2,612,869 
6,219,273 
18,275,377 
12,327,011 



19,281,472 



13,411,065 
10,791,152 

16,528,690 

449,401 
3,591,853 

4,915,552 

36,016,746 
16,365,854 
8,303,993 
11,111,600 
235,299 

145,891,876 

70,950,647 

3,370,715 

67,579,932 

67,493,352 
18,940,222 
15,969,913 
4,452,466 
2,361,325 

13,320,994 
1,478,225 
1,764,416 
4,097,644 
4,607,647 

7,447,877 

11,222,698 



2,398,274 
895,435 

1,171,578 

59,583 

271,678 

7,163,923 

6,508,039 

655,884 



16,962 

9,690,054 
1,249,616 
1,436,177 
3,102,159 
440,133 

279,670 

1,751,969 

652,749 

777,581 

73,655 



4,741 

4,428 

160 

153 

4,248 
215 

57 
462 

2,208 
1,306 

21,411 

74,603 
1,717 
6,553 
110 
3,193 
7,600 

3,617 
2,617 
2,004 
9,454 
4,588 
432 

544 
1,621 
2,344 
2,139 
7,497 



2,439 
677 



45 
1,205 

5,999 

17,436 
12,590 

2,713 
948 

1,185 

143,432 

50,738 
6,617 
44,171 

80,003 
6,287 
4,833 

11,133 
7,495 

13,149 

3,975 

7,732 

10,433 

14,966 

12,641 

138,764 

34,203 

13,792 

14,155 

5,088 

1,173 

9,572 
2,638 
6,934 



3,278 

34,682 
3,620 
7,122 
9,434 
3,433 

1,704 
3,183 
2,934 
3,252 

1,855 



176,168 

163,836 

10,674 

1,658 

946,048 
244,166 
14,364 
46,940 
514,172 
126,406 

633,538 

19,653,551 
378,867 
1,301,554 
321,699 
479,034 
216,217 

364,341 
184,576 
916,440 
630,330 
2,289,153 
1,662,847 

311,606 
129,672 
818,585 
1,618,472 
970,118 



1,199,092 
845,349 



47,161 
433,872 

329,997 

4,709,853 
1,233,657 
1,340,164 
2,037,223 
48,304 

4,356,658 

1,793,448 

118,142 

1,675,306 

2,329,795 

425,358 

975,099 

159,420 

89,839 

249,403 
43,360 
70,229 
155,171 
156,411 

233,415 

8,293,140 



3,703,202 

2,090,115 

565,704 

985,932 

66,451 

3,486,380 

3,404,070 

82,310 



116,789 

788,143 
106,269 

81,410 
232,734 

34,199 

13,605 
166,736 
86,175 
67,015 

15,731 



1,937 

1,767 

117 

53 

2,348 
149 

37 

318 

1,085 

759 

11,042 

39,302 
1,073 
3,420 
77 
1,456 
3,051 

1,842 
1,303 
1,170 
5,583 
2,512 
287 

264 

641 

1,654 

1,196 

4,207 



1,152 
354 



30 
768 

2,336 

11,516 

7,814 

2,006 

800 

896 

71,221 

24,854 

3,257 

21,597 

40,351 
3,043 
2,193 
4,025 
3,351 

8,956 
1,997 
3,453 
6,458 
6,375 

6,016 

84,578 



24,923 

13,067 

7,820 

3,293 

743 

6,569 
2,025 
4,544 



2,206 

17,688 
1,777 
3,858 
4,740 
1,806 

924 
1,655 
1,196 
1,732 

953 



615,846,836 

1,103,779 

992,033 

100,046 

11,700 

6,835,531 
2,001,470 

136,322 
1,120,657 
2,770,138 

306,944 

4,070,378 

127,333,117 
2,016,161 
6,204,325 
2,822,812 
3,426,269 
1,195,958 

2,237,512 

742,561 

4,916,922 

3,652,489 

12,018,868 

27,512,699 

1,354,942 

327,094 

4,415,943 

14,484,772 

5,199,130 



3,996,819 



7,577,575 
4,017,100 

9,938,331 

129,932 
2,131,328 

1,513,025 

85,309,296 
29,820,898 
16,169,001 
38,119,053 
1,200,344 

25,294,256 

12,944,359 

779,975 

12,164,384 

10,666,198 

1,764,269 

2,206,565 

627,750 

709,766 

2,432,871 
231,568 
335,343 

1,362,312 
995,749 

1,683,699 

361,237,380 

242,927,570 

217,070,994 

16,318,029 

8,284,198 

1,254,349 

105,327,825 

104,539,328 

788,497 

10,826,553 

2,205,427 

4,520,136 
944,645 
433,996 

1,378,051 
265,612 

72,224 
881,461 
233,196 
260,951 

92,913 



307,957,049 

838,230 
798,202 

30,625 
9,453 

5,164,943 

1,129,373 

77,485 

894,374 
2,322,361 

740,850 

8,856,352 

169,077,040 
3,455,141 
16,531,767 
3,550,095 
4,602,774 
2,995,328 

2,664,472 
1,402,115 
5,820,393 
5,416,210 
12,143,838 
25,709,943 

2,382,950 

720,837 
5,072,632 
16,039,488 
8,493,438 



10,941,393 
7,109,557 



286,973 
2,959,518 

2,651,302 
34,219,194 
15,082,826 

8,192,677 

10,741,383 

202,303 



37,905,106 

1,315,215 

36,089,391 

32,510,552 
8,648,273 
4,311,075 
1,258,155 
1,060,450 

10,906,324 

674,333 

998,942 

2,553,994 

2,093,956 

4,033,406 

9,630,127 

1,366,178 

355,229 

927,192 

39,271 

44,486 

6,939,507 

6,500,195 

439,312 

812,141 

12,301 

5,617,406 
734,449 
815,538 

2,057,803 
265,868 

157,230 
806,810 
276,952 
502,706 
49,643 



2,321 

2,126 

127 

63 

2,537 
150 
37 
332 

1,247 
771 

11,743 

40,645 
1,113 
3,515 
79 
1,497 
3,169 

1,959 
1,329 
1,200 
5,838 
2,609 
291 

279 

672 
1,711 
1,230 
4,283 



1,188 
378 



31 
783 

2,970 

12,518 
8,314 
2,365 

850 
989 

76,199 

25,900 

3,460 

22,440 

43,777 
3,399 
2,352 
4,331 
3,571 

9,275 
2,262 
4,446 
6,668 
7,473 

6,522 

92,030 



26,204 

13,274 

8,510 

3,656 

764 

7,439 
2,580 
4,859 

55,760 

2,627 

19,213 
1,968 
4,090 
5,090 
2,042 

1,010 
1,744 
1,414 
1,355 

1,178 



101,809 

91,926 

9,265 

613 

316,510 

230,739 

13,666 

35,327 

441,732 

94,996 

409,300 

15,303,295 
233,133 
704,781 
319,096 
274,739 
97,854 

245,800 

95,639 

631,749 

473,074 

1,820,456 

1,612,486 

212,445 
37,394 
706,454 
1,428,424 
633,801 



1,009,144 
533,270 

2,248,937 

36,521 
379,498 

179,245 

4,522,851 
1,123,463 
1,318,669 
2,035,095 
45,624 

2,173,474 

1,061,125 
67,238 
993,837 

972,161 

200,025 

262,332 

43,593 

41,317 

194,588 
21,103 
33,099 
98,321 
67,773 

140,188 

7,398,133 



3,255,173 

2,051,778 

435,706 

717,159 

50,530 

3,464,663 

3,402,107 

62,556 



107,589 

472,238 
64,036 
45,330 

170,339 
19,154 

8,518 
31,616 
37,098 
45,647 

8,922 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



98 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH NET INCOME 

TtbU 17.— TOTAL ASETS. QROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME,BY MONTH IN WHICH ACCOUNTINQ PERIOD ENDED, BY MAJOR INDUSTRIAL GROUP— Cailinii«d 



Major industrial group 



Returns for annual noncalendar year periods, total 



Total 


assets 


Gross receipts from 

sales and from 

operations 


Net income 






July 


1954 






Total 


assets 


Gross receipts from 

sales and from 

operations 


Net income 


Number 
of 


Amount 


Number 
of 


Amount 


Number 
of 


Amount 


Number 


Amount 


Number 


Amount 


Number 


Amount 


returns 


rniouajvid 


returns 


(TTi<ajmand 


returns 


(Thouaand 


of 


( Thotjaerd 


of 


( TTiouawid 




(Thouitnd 




dollmrf) 




doltmrt) 




dotUrw) 


returns 


doll»fa) 




dollmra) 




dollsrt} 


(13) 


(14) 


(15) 


(16) 


(17) 


(18) 


(19) 


(20) 


(21) 


(22) 


(23) 


(24) 


179,094 


97,683,741 


147,488 


154,106,393 


182,793 


8,366,298 


12,241 


5,826,520 


10,059 


10,479,630 


12,502 


540,158 


2,335 


836,418 


2,333 


912,379 


2,420 


74,359 


221 


56,995 


221 


63,939 


222 


4,272 


2,237 


814,985 


2,302 
(^) 


393,751 


2,X2 

(*) 


71,910 


220 


56,449 


221 


68,989 


221 


4,175 


{') 


(') 


{') 


1 


546 


_ 


_ 


1 


97 


65 


6,748 


75 


13,111 


85 


1,040 


- 


- 


- 


- 


- 


- 


1,657 


1,324,306 


1,686 


1,314,048 


1,711 


129,533 


169 


101,439 


179 


74,784 


179 


5,349 


64 


72,851 


65 


59,196 


65 


13,377 


1 


1,720 


1 


1,956 


1 


53 


20 


5,486 


20 


20,777 


20 


693 


1 


174 


1 


586 


1 


66 


124 


236,315 


130 


226,111 


130 


11,613 


10 


22,396 


10 


19,447 


10 


1,036 


929 


745,746 


936 


672,140 


961 


72,440 


102 


70,456 


112 


43,283 


112 


3,678 


520 


263,908 


535 


335,324 


535 


31,410 


55 


6,693 


55 


9,512 


55 


511 


9,4«0 


2,636,494 


9,592 


5,584,875 


9,668 


224,238 


435 


105,687 


436 


222,573 


436 


7,340 


33,696 


37,510,222 


33,315 


67,420,496 


33,963 


4,350,256 


2,287 


2,406,652 


2,295 


5,274,695 


2,305 


323,888 


603 


1,398,755 


604 


3,149,328 


604 


145,729 


38 


453,485 


39 


1,544,780 


39 


58,906 


3,016 


5,187,637 


3,033 


13,601,049 


3,038 


596,773 


166 


353,125 


166 


710,815 


166 


61,430 


31 


31,641 


31 


67,594 


31 


2,603 


1 


3,559 


1 


3,217 


1 


376 


1,691 


3,214,932 


1,696 


4,542,790 


1,696 


204,295 


123 


91,904 


123 


169,170 


123 


9,094 


4,386 


1,475,625 


4,411 


4,041,905 


4,431 


113,363 


315 


101,934 


315 


290,767 


315 


9,582 


1,628 


1,124,610 


1,638 


1,894,433 


1,658 


118,541 


116 


46,644 


126 


81,266 


126 


4,625 


1,285 


689,188 


1,288 


1,442,424 


1,288 


38,937 


57 


17,967 


57 


47,242 


57 


1,464 


799 


1,846,153 


304 


2,179,304 


804 


234,691 


33 


36,090 


38 


49,622 


38 


4,209 


3,563 


1,253,507 


3,558 


2,037,439 


3,616 


157,256 


319 


69,983 


310 


123,871 


320 


11,913 


1,970 


3,682,967 


1,969 


5,439,674 


1,979 


468,697 


152 


116,126 


152 


223,146 


152 


15,030 


139 


610,061 


141 


1,009,234 


141 


50,361 


6 


4,061 


6 


15,699 


6 


300 


265 


951,778 


265 


1,512,521 


265 


99,161 


16 


9,048 


16 


20,214 


16 


2,060 


948 


935,715 


949 


1,392,032 


949 


92,278 


42 


29,882 


42 


57,440 


42 


2,885 


1,129 


777,738 


1,133 


1,146,641 


1,133 


112,131 


76 


16,559 


76 


27,734 


76 


1,833 


889 


1,595,779 


909 


2,185,889 


909 


190,043 


50 


66,241 


50 


129,544 


50 


10,483 


3,186 


2,104,396 


3,214 


3,833,573 


3,214 


281,317 


201 


291,543 


201 


569,843 


201 


29,941 


2,886 


5,409,855 


2,883 


7,334,777 


2,903 


598,317 


206 


229,598 


206 


359,487 


206 


34,324 


1,239 


1,224,497 


1,241 


2,469,672 


1,251 


139,948 


83 


118,201 


84 


222,774 


84 


19,169 


299 


1,853,579 


299 


3,681,595 


299 


312,579 


25 


169,830 


25 


292,701 


25 


19,410 


288 


478,722 


289 


399,064 


239 


72,465 


9 


33,137 


9 


72,666 


9 


6,410 


14 


61,459 


14 


162,423 


14 


10,640 


2 


34,176 


2 


65,199 


2 


5,464 


422 


398,301 


422 


632,335 


422 


54,374 


31 


41,719 


31 


73,985 


31 


3,030 


3,020 


1,203,327 


3,019 


2,264,250 


3,029 


150,752 


215 


66,785 


220 


123,513 


220 


6,840 


4,788 


2,154,721 


4,867 


1,797,552 


4,918 


137,002 


270 


140,309 


270 


137,406 


270 


17,401 


4,187 


1,030,082 


4,225 


1,283,028 


4,276 


110,194 


239 


84,226 


239 


101,488 


239 


8,925 


327 


131,161 


348 


111,316 


348 


21,495 


23 


15,297 


23 


18,627 


23 


5,197 


88 


942,110 


98 


370,217 


98 


52,133 


1 


33,149 


1 


14,745 


1 


2,527 
(*) 


186 


51,368 


196 


32,991 


196 


3,180 


{') 


(.') 


(^) 


(') 


i') 


66,153 


24,601,601 


67,031 


71,437,812 


67,233 


2,183,184 


4,938 


1,696,015 


5,017 


4,432,044 


5,037 


123,465 


24,584 


9,911,014 


24,797 


33,045,541 


24,383 


732,323 


1,547 


773,537 


1,558 


2,243,287 


1,558 


53,947 


3,095 


665,664 


3,137 


1,555,500 


3,157 


50,904 


199 


42,109 


200 


94,761 


200 


4,373 


21,489 


9,245,350 


21,660 


31,490,041 


21,731 


681,419 


1,348 


731,428 


1,358 


2,148,526 


1,353 


54,574 


35,542 


13,483,673 


36,125 


34,982,800 


36,226 


1,357,634 


3,018 


873,802 


3,091 


2,040,275 


3,101 


65,389 


2,828 


1,709,072 


2,878 


10,291,949 


2,888 


225,333 


137 


29,177 


154 


139,284 


154 


3,885 


2,442 


6,393,589 


2,471 


11,653,333 


2,481 


712,767 


179 


396,782 


179 


331,224 


179 


27,303 


6,746 


1,463,480 


6,801 


3,194,311 


6,302 


110,822 


1,133 


215,091 


1,193 


515,802 


1,198 


16,439 


3,882 


774,774 


3,904 


1,301,375 


3,924 


48,522 


323 


54,973 


333 


92,658 


333 


3,392 


3,827 


753,104 


3,834 


2,914,670 


3,874 


54,820 


231 


36,083 


231 


152,639 


231 


1,930 


1,676 


281,878 


1,713 


803,842 


1,713 


27,257 


83 


3,832 


89 


24,423 


89 


426 


3,069 


260,240 


3,286 


765,474 


3,236 


32,130 


247 


35,553 


252 


92,745 


252 


5,091 


3,726 


738,412 


3,765 


1,538,650 


3,765 


56,850 


140 


26,133 


145 


50,647 


145 


1,865 


7,346 


1,109,124 


7,473 


2,513,691 


7,493 


38,633 


490 


71,168 


510 


140,303 


520 


5,058 


6,027 


1,201,914 


6,109 


3,409,471 


6,119 


93,227 


373 


43,676 


368 


143,482 


378 


4,129 


45,278 


25,142,805 


12,331 


1,542,571 


46,734 


895,007 


3,028 


1,184,322 


747 


83,373 


3,138 


39,558 


7,705 


16,561,202 


3,277 


532,0% 


3,004 


453,029 


373 


651,568 


138 


35,627 


403 


10,795 


512 


8,083,947 


453 


40,206 


518 


33,337 


2 


448,704 


2 


88 


2 


123 


5,426 


4,370,464 


2,338 


244,386 


5,645 


129,998 


232 


91,812 


123 


8,956 


302 


3,411 


1,368 


3,463,360 


144 


20,312 


1,432 


263,773 


74 


89,309 


1 


7,012 


34 


6,205 


399 


633,431 


292 


227,192 


409 


15,921 


15 


21,743 


12 


19,571 


15 


1,056 


2,051 


228,126 


2,100 


174,416 


2,133 


21,717 


150 


18,730 


150 


10,490 


150 


1,723 


56 


14,923 


55 


7,844 


58 


1,963 


(') 


i') 


(') 


(.') 


(') 


(^) 


1,995 


213,203 


2,045 


166,572 


2,075 


19,754 


133 


15,057 


133 


9,017 


133 


1,505 


34,921 


8,247,254 


7,383 


831,398 


35,946 


411,061 


2,459 


501,292 


458 


36,721 


2,529 


25,519 


601 


106,223 


71 


4,661 


651 


9,200 


46 


12,632 


1 


535 


56 


1,521 


15,091 


3,415,715 


14,764 


4,072,648 


15,469 


315,905 


863 


133,016 


374 


135,335 


385 


13,592 


1,585 


755,644 


1,439 


515,167 


1,652 


42,233 


114 


46,296 


124 


36,815 


124 


3,979 


3,006 


333,048 


3,022 


620,589 


3,032 


35,580 


128 


16,807 


123 


30,849 


123 


1,439 


4,203 


521,931 


4,020 


1,044,356 


4,344 


62,395 


222 


20,022 


212 


44,057 


223 


2,253 


1,361 


181,595 


1,259 


174,265 


1,391 


15,045 


110 


11,997 


110 


13,576 


110 


836 


684 


50,338 


694 


122,440 


694 


5,087 


(') 


(') 


(') 


(') 


(.') 


(') 


1,423 


1,110,627 


1,439 


945,159 


1,439 


85,120 


100 


13,092 


100 


18,339 


100 


1,963 


1,444 


312,845 


1,520 


375,797 


1,520 


49,077 


99 


11,406 


99 


17,193 


99 


1,381 


1,380 


144,637 


1,371 


274,875 


1,397 


21,368 


78 


5,633 


39 


18,535 


39 


1,533 


616 


61,459 


514 


24,012 


677 


6,809 


i.') 


(.') 


(^) 


(') 


(') 


{') 



Returns with annual accounting period ended- 



AXl industrial groups 

Agriculture, forestry, and fishery 

Farms and agricultural services 

Forestry 

Fishery 

Uinlng and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite tnining 

Crude petroleuni and natural gas production. 
Nonmetalllc mining and quarrying 

Construction 

Uanuf acturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture. 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone , clayj and glass products 

Primary metal industries 

Fabricated metal products, except ord- 
nance, machinery, and transportation 
equipment . 

Machinery, except transportation equipment 
and electrical . 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and equipment, except elec- 
trical . 

Ordnance and accessories 

Scientific instruments; photographic 
equipment ; watches , clocks . 

Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Commission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefurnishings 

Automotive dealers and filling stations.. 

E)rug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance,'- real estate, and lessors 
of real property. 

Finance 

BeinkB and trust companies 

Credit agencies other than banks 

Holding and other investment companies... 
Security and commodity-exchange brokers 
and dealers. 

Insurance carriers' and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real prop- 
erty other than buildings . 
Lessors of real property, except buildings. 

Services 

Hotels end other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades. 

Motion pictures 

Ajcusement, except motion pictures 

Other services, Including schools 

Nature of business not allocable 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



99 



RETl'RNS WITH NET INCOME 

T«blo 17,— TOTAL ASSETS, OROSS RECEIPTS FROM SALES AND KROM OPERATIONS, AND NET INCOME,BY MONTH IN WHICH ACCOUNTING PERIOD ENDED, BY MAJOR INDUSTRIAL CiROUP— Conlinusd 



Major Industrial group 



Returns with annual accounting period ended — i:ontinued 



August 1954 



Total assets 



Number 

of 
returns 



(Thouimnd 
dolltraj 



Gross receipts from 
sales and from 
operations 



Number 

of 
returns 



AiDount 

( Thousand 



Number 

of 
returns 



{ Thoutand 
dolUra) 



September 1954 



Total assets 



Amount 
( TTiouaand 
dollars) 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



Amount 
(ThtHjaand 
dotJara) 



Number 

of 
returns 



Amouiit 
(Thmiaand 
doltara) 



(25) 



(26) 



(27) 



(28) 



(.■9) 



(31) 



(32) 



(33) 



(34) 



(35) 



(36) 



All industrial groups 

Agriculture, forestry, aiid fishery 

Farms and agricultural services 

Forestry 

Fishery 

Mining and quarrying 

Metal mining 

Anthrac ite mining 

Bituminous coal and lignite raining 

Crude petroleum and natural gas production.. 
Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and liindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture . 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied Industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal prcducts, except ord- 
nance, machinery, and transportation 
equipment . 

Machinery, except transportation equipment 
and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles . 

Motor vehicles end equipment, except elec- 
trical. 

Ordnance and accessories 

Scientific instruments; photographic 
equipment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Commission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishings 

Automotive dealers and filling stations.. 

Drug stores 

Eating and drinJung places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property . 

Finance 

Banks and trust companies 

Credit agencies other than banks 

.Holding and other investment companies... 
Security and commodity-exchange brokers 
and dealers . 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real prop- 
erty other than buildings. 
Lessors of real property, except buildings. 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades. 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



12,615 



184 
183 



(') 



2,334 
36 
161 
2 
115 
308 

64 
64 
46 
304 
155 
14 



69 
202 



347 

312 

13 

7 

4,582 

1,672 

200 

1,472 

2,531 
212 
147 
498 
332 

213 
102 
261 
215 
551 

379 

3,450 

622 

(^) 

434 

133 

34 



164 
2,601 

63 

1,257 

87 

287 

276 

95 

68 
161 

98 
135 



6,600,527 

54,309 
52,511 

1,798 

147,349 
4,981 
1,048 
(^) 

135,476 
4,447 

73,450 

2,675,844 

382,691 

333,054 

7,139 

332,182 

70,813 

45,728 

20,111 
143,461 

62,532 
389,164 

24,390 

13,593 
28,460 
19,591 

101,736 
148,392 



^04,449 



40,049 
31,349 



187,080 



5,115 
13,318 



71,447 

359,788 

32,815 

3,682 

317,307 

1,409,257 

983,878 

45,107 

938,771 

371,220 
47,708 
16,793 
45,957 
56,137 

53,576 
22,277 
25,976 
37,663 
65,133 

54,159 

1,085,557 



395,205 
(^) 
167,240 
144,732 
12,344 

18,025 

18,025 
644,413 

27,914 

789,436 
49,588 
51,176 
43,401 
18,233 

3,684 
536,210 
20,537 
16,602 



184 
183 



45 
27 

350 

2,367 
36 
161 
2 
115 
308 

64 

65 

46 

325 

155 
14 

26 

73 

53 
69 

212 



218 

353 

317 

14 

7 

(^) 

4,655 

1,704 

210 

1,494 

2,562 
222 

147 
503 
322 

214 
102 
276 
215 
561 

339 

1,043 

273 
(^) 
233 
3 



164 
605 



1,304 

87 

287 

318 

100 

68 
161 

98 
185 



10,407,619 

56,304 
53,526 

2,778 

109,388 
9,133 
4,776 

85,932 
7,019 

160,701 

4,956,115 
580,057 
301,482 
17,115 
499,182 
210,468 

81,192 
48,048 
163,701 
115,642 
733,443 
73,056 

29,623 
68,352 
36,354 
164,560 
256,190 



93,661 
66,643 



10,776 
20,981 

146,983 

140,995 
49,340 
6,548 
83,416 
( = ) 
4,223,249 

2,938,528 

131,468 

2,307,060 

1,125,990 

271,372 

52,435 

104,398 

108,667 

192,487 
87,312 
63,731 
79,259 

161,309 

158,731 
91,803 



18,502 
( = ) 

16,101 
681 
(^) 



14,493 
58,552 

256 

668,979 

43,560 

98,378 

103,435 

18,198 

10,583 

335,187 

31,846 

27,792 



184 
183 



45 
27 

350 

2,367 

36 

161 

2 

115 

308 

64 
65 
46 
325 

155 



78 

53 

69 

212 



(^) 



353 

317 

14 

7 
(^) 
4,665 
1,704 
210 
1,494 

2,572 
222 
147 
503 
332 

214 
102 
276 
215 
561 

389 

3,615 

652 

454 

143 

34 



164 
2,736 

63 

1,304 
87 
287 

318 
100 

68 
161 

98 
185 

(^) 



4,070 
4,000 

70 

22,730 
2,171 
64 
(^) 

20,144 
306 

7,193 

293,357 

20,519 

34,625 

623 

26,868 

6,313 

3,613 

2,173 
16,987 

7,713 
45,103 

4,049 

1,943 
2,664 
2,666 
15,446 
16,581 



7,117 
5,434 

35,211 

1,347 
1,304 

7,381 

17,547 

2,287 

729 

14,428 

81,469 

45,923 

2,950 

42,973 

32,115 
6,583 
1,844 
3,133 
3,204 

4,303 
2,108 
3,214 
2,531 
5,190 

3,431 

43,842 



17,978 
(^) 

5,178 

11,618 

589 

1,367 

1,367 
24,077 

420 

52,181 
2,278 
7,975 
6,407 
1,640 

233 

29,122 

2,828 

1,648 



19,002 

170 
160 

(') ' 

164 

( = ) 

1 

6 

104 

48 

1,004 

3,787 

80 

376 

{') 
180 
399 

169 
97 
117 
445 
216 
9 

31 
78 
104 
114 
375 



153 
45 



(') 



494 

418 

56 



2,412 

290 

2,122 

3,213 
351 
80 
293 
394 

464 
236 
333 
265 
802 

563 

5,148 

1,017 

828 
131 
45 

257 
247 



2,011 
269 
402 
430 
199 

79 
195 
219 
168 

(^) 



11,069,005 

42,769 
41,242 

( = ) 
87,367 

(') 

1,637 

36,441 

35,165 

13,896 

235,182 

5,144,373 
146,747 
682,913 
(') 

751,270 
73,661 

63,450 
39,134 
150,733 
255,045 
281,373 
165,366 

82,094 
30,103 
98,577 
184,131 
238,078 



158,786 
885,934 



59,890 



30,773 

126,855 

273,406 
60,419 
14,240 

194,835 
3,912 

1,463,936 

809,427 
112,608 
696,819 

557,363 
81,582 
12,224 
23,882 
44,973 

90,574 
106,210 
43,531 
56,872 
97,515 

97,196 

3,284,345 

2,260,778 

1,007,761 
796,151 
156,756 

28,385 
28,792 



486,320 

102,355 

44,490 

55,984 

22,316 

3,301 

177,162 

53,465 

17,247 

I') 



190 
180 

(^) " 

164 

(M 

1 

6 

104 

43 

1,026 

3,794 
80 
386 

180 
389 

169 
98 
118 
445 
217 



73 
106 
114 
375 



153 
45 



508 

432 

56 

16 

4 

6,252 

2,431 

290 

2,141 

3,248 

353 

85 

293 
384 

466 
241 
344 
275 
807 

573 

1,422 

462 

(') 

404 
(^) 
28 

257 
247 



(') 

2,014 
270 
403 
466 
209 

79 
200 
219 
168 

(^) 



55,943 

53,138 

(^) 
81,950 

(') 
4,695 
28,517 
33,995 
13,987 

608,418 

8,891,594 

270,481 

1,731,601 

936,800 
228,317 

122,231 
105,108 
211,010 
364,170 
472,506 
242,539 

132,786 
88,299 
152,781 
273,986 
474,803 



855,409 



322,042 
1,484,388 

111,673 

520 
55,361 

249,152 

252,519 

135,266 

11,378 

98,786 

7,089 

4,739,194 

2,803,715 

394,102 

2,409,613 

1,634,708 

397,937 

27,342 

57,985 

89,183 

332,810 
268,881 
114,292 
121,161 
225,117 

300,771 

191,690 



78,624 
(^) 

64,912 
(') 

12,912 

20,311 
20,183 



(^) 
546,901 

89,315 

85,608 

137,071 

29,258 

19,323 
112,853 
42,841 
30,632 

(') 



19,289 



190 
180 



(') 

1 

6 

104 

48 

1,026 

3,314 
80 
386 

I.') 
180 
409 

169 
98 
118 
445 
217 
9 

31 
73 
106 
114 
375 



153 
45 



509 

433 

56 

16 

4 

6,262 

2,431 

290 

2,141 

3,258 
353 
85 
293 

394 

466 
241 
344 
275 
807 

573 

5,259 



868 
156 
45 

257 
(^) 
247 



2,034 
270 
403 
486 
209 

79 
200 
219 
163 



951,399 

4,141 
3,952 

(•-) 

5,801 
(') 

76 

733 

3,249 

1,724 

24,898 

607,423 
14,974 
82,117 
(') 

44,185 
6,346 

4,925 
4,701 
15,351 
25,775 
35,529 
11,554 

10,168 
1,947 
11,301 
22,732 
31,852 



22,555 
139,444 



16,592 

20,739 
5,573 
1,325 

13,502 
384 

106,777 

53,009 
4,421 
48,588 

46,921 

10,078 

1,057 

1,168 

3,102 

5,902 
10,050 
5,267 
4,105 
6,192 

6,847 

139,302 



89,202 

36,396 

48,188 

2,917 

2,459 

2,450 
46,704 

(') 

41,973 
6,060 
4,785 
9,239 
1,710 

1,119 

11,586 

5,814 

1,660 

(') 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data," 



100 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



RETIRNS WITH NET INCOME 



Table 17.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME.BY MONTH IN WHICH ACCOUNTING PERIOD ENDED, BY MAJOR INDUSTRIAL GROUP— CooUnued 



Major industrial group 



Returns with annual accounting period ended — Continued 



October 1954 



Total assets 



Amount 
( Thousand 
dollara) 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



Amount 
( Thouaand 



Number 

of 
returns 



( Thousand 
dollara) 



November 195*1 



Total assets 



Number 
returns 



Amount 
( Thoaaand 
dollara) 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



Amount 

(Thouaand 



Net income 



Number 

of 
returns 



Amount 

C Thouaand 



(38) 



(39) 



(11) 



(«) 



(iS) 



{^} 



(47) 



All industrial groups. 



Agriculture, forestry, and fishery. 
Farms and agricultural services.. 

Forestry '. 

Fishery 



Mining and quarrying 

Metal mining ■. 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production.. 
Noninetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture.. 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries. 

Chemicals and allied products 

Petroleum and coal products 



Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ord- 
nance, machinery, and transportation 
equipment . 

Machinery, except transportation equipment 
and electrical . 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles . 

Motor vehicles and equipment, except elec- 
trical. 

Ordnance and accessories 

Scientific instruments; photographic 
equipment; watches, clocks. 

Other manufacturing 



Public utilities 

Transportation 

Communication 

Electric and gas utilities. 
Other public utilities 

Trade 



Wholesale 

Coranisaion merchants . 
Other wholesalers . . . . 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishlngs. 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinJslng places 

Building materials and hardware 

Other retail trade 



real estate, and lessors 



Trade not allocable. 

Finance, insurance,^ 
of real property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other Investment companies . . 
Security and coninodlty-exchange brokers 
and dealers. 

Insurance carriers' and agents 

Insurance carriers' 

Insurance agents and brokers 



Real estate, except lessors of real prop- 
erty other than buildings. 
Lessors of real property, except buildings. 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades. 

Motion pictures 

Amusement, except motion pictures 

Other services. Including schools 

Nature of business not allocable 



107 
97 



(') 
105 



2,787 
60 
303 
2 
127 
337 

131 

90 

53 

249 

133 

15 

30 
138 

92 
101 
273 



116 
30 



218 

402 
348 
(^) 

3 
(^) 
4,580 

1,745 

254 

1,491 

2,260 

222 

17 

219 

188 

361 

101 

269 

474 

409 

575 
3,964 

327 
180 
514 
105 
28 

210 

204 
2,846 

81 

1,309 

208 

293 

308 

96 

39 

111 

147 

107 

(') 



71,456 
71,142 

(^) 

60,189 

(M 

1,019 
31,667 
24,372 
255,894 

5,658,671 

43,623 

348,450 

1,060 

457,022 

142,394 

99,184 
29,529 
393,139 
65,921 
256,393 
103,161 

559,402 
263,221 
104,024 
90,082 
176,740 



114,632 
87,804 



1,618 
5,946 

110,407 

137,875 
81,589 
I') 
48,347 

1,260,206 

769,880 

35,676 

734,204 

404,459 
68,294 
7,889 
46,981 
27,485 
73,141 
6,215 
17,537 

109,859 
47,058 

85,867 

5,929,334 



5,342,420 

3,941,208 

623,321 

714,605 

63,286 



19,441 
( = ) 
17,360 

550,826 

16,647 

291,943 

56,012 

27,825 

37,980 

9,577 

3,627 

115,597 

29,609 

11,716 

(') 



107 
97 

(^) ' 
110 
(') 



2,807 
60 
304 
2 
127 
338 

122 

90 

54 

259 

133 

15 

30 
138 

93 
101 
273 



126 
30 



218 

422 
358 

(^) 

13 
{') 
4,647 

1,765 

264 

1,501 

2,281 
220 
17 
220 
193 
351 
101 
289 
475 
415 

601 
1,348 

477 

162 

296 

2 

17 



(=) 
224 

626 

1,329 
227 
293 
309 
96 
39 
111 
147 
107 

(') 



56,175 
55,779 

74,997 

2,316 
27,830 
44,690 
558,096 

9,332,991 

68,583 

1,797,044 

4,632 

467, UO 

379,632 

178,114 
68,106 
406,985 
108,743 
460,002 
136,835 

864,916 
518,010 
136,924 
163,287 
267,223 



207,944 
165,884 



4,397 

10,050 

195,149 

90,120 
71,135 
(') 
16,039 

3,578,751 

2,150,972 

61,282 

2,089,690 

1,183,422 
335,653 

26,596 
119,033 

55,028 
265,785 

19,260 

48,982 
196,833 
116,252 

244,357 

122,898 

53,053 
2,062 

44,932 

804 

5,255 



18,336 
(^) 
16,547 



478,314 
46,326 
53,212 
84,620 
14,449 
8,916 

193,081 
46,699 
31,011 

(') 



107 
97 



(') 



(') 



2,817 
60 
304 
2 
127 
338 

132 

90 

54 

259 

133 

15 

30 
138 

93 
101 
273 



126 
30 



218 

422 
358 

(') 
13 

(^) 

4,683 

1,781 
264 

1,517 

2,301 
230 
17 
220 
193 
361 
101 
289 
475 
415 

601 
4,081 

861 
184 
544 
105 
28 

231 
224 



81 

1,330 

228 

293 

309 

96 

39 

111 

147 

107 



4,917 
4,912 

(^) " 

6,618 

(.h 

170 

2,993 

3,444 

21,394 

539,440 
4,278 
33,646 

146 
15,776 
11,238 

9,805 

4,238 
57,729 

6,315 
31,848 

8,599 

61,457 
28,426 
11,808 
9,346 
27,312 



14,880 
9,342 



388 
689 

12,833 

10,763 
8,433 

{h 

2,123 

(') 
110,822 

67,943 

3,196 

64,747 

34,827 
9,752 
837 
4,276 
1,851 
4,363 
574 
1,717 
8,635 
2,822 

8,052 
133,735 

101,080 

13,306 

25,491 

61,549 

734 



1,283 



1,378 
35,688 
3,007 
3,255 
4,216 
1,049 

298 
17,805 
4,281 

1,777 



(') 



(^) 
8 
20 
41 

467 

2,564 

119 
124 
1 
134 
459 

118 
127 

43 
199 
203 

12 

16 
153 
115 



2 
19 

132 

256 

220 
9 
(') 
(.') 
3,375 

1,536 

171 

1,365 

1,485 
122 
43 
108 
118 
223 
52 
89 
526 
204 

354 
2,686 

516 

6 

340 

U2 

38 

115 

1 

114 

2,020 



862 
51 

224 

276 
72 
44 

109 
60 



25,668 

25,166 

155 

( = ) 

79,053 
12,695 
(') 
6,271 
23,629 
36,220 
128,693 

4,230,318 
107,282 
188,269 
3,875 
423,606 
333,471 

87,375 
181,309 
192,353 

43,731 
450,436 

84,260 

129,846 
367,395 
72,103 
137,785 
252,643 



77,536 
297,217 

32,689 

7,694 
13,528 

78,304 

79,197 
35,326 
20,225 

1,248,769 

852,997 

102,123 
750,874 

285,162 
14,749 
15,738 
20,807 
25,956 
30,552 
1,908 
7,963 

132,104 
35,385 

110,610 

2,447,675 

1,951,981 

1,228,706 

260,361 

412,070 

50,844 



14,072 

3,924 

10,148 

477,053 

4,569 
175,848 
32,051 
19,497 
35,689 

9,120 

2,232 
31,223 
40,444 

5,592 

2,096 



(') 



483 

2,570 
119 
124 
1 
134 
466 

119 
128 

44 
184 
204 

12 

16 
154 
116 

78 
228 



133 

276 

240 

9 

(') 

(') 

3,391 

1,546 

187 

1,359 

1,491 
127 
43 
108 
118 
213 
62 
89 
527 
204 

354 
821 

182 

5 

134 

33 

115 

1 

114 

509 

873 
61 

224 

276 
72 
44 

109 
61 
26 



30,895 

29,797 

550 

85,344 
10,549 
i') 

5,816 

31,694 

36,137 

277,964 

7,490,237 
167,072 
454,669 
3,853 
661,396 
754,046 

145,507 
348,065 
225,284 

83,452 
592,676 

96,975 

171,733 
614,697 
116,046 
220,862 
415,016 



1,026,245 



145,242 
990,587 



41,922 
29,911 

129,594 

87,713 
53,383 
19,751 
(') 

3,046,713 

2,105,725 
68,215 

2,037,510 

665,262 

101,391 
29,052 
44,530 
42,316 

101,810 
6,825 
25,139 

240,667 
73,532 

275,726 

109,310 

42,922 
17,560 
13,290 

12,052 

8,671 
1,450 
7,221 

57,625 

(') 
231,914 
25,861 
32,688 
83,709 
7,696 
9,142 
26,213 
38,398 
8,207 

1,815 



97 

81 

1 



20 
41 

488 

2,585 
119 
124 
1 
134 
466 

119 
128 

44 
199 
204 

12 

16 
154 
116 

78 
228 



276 

240 

9 

(') 
(') 
3,411 

1,556 

187 

1,369 

1,501 

127 

43 

108 

118 

223 

62 

89 

527 

204 

354 



537 
7 
360 
132 
38 

115 

1 

114 

2,065 

45 

883 

61 

224 

286 

72 

44 

109 

61 

26 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



101 



RKTl'RNS WITH NET INCOME 

T«ble 17.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS. AND NET INCOME,By MONTH IN WHICH ACCOUNTING PERIOD ENDED, BY MAJOR INDUSTRIAL GROUP— ConUnued 



Uajor Industrial group 



Returns with ari-iual acciouiiting period ■jnd'jd — Contiimtd 



January 1955 



Total assets 



Number 

of 
returns 



Amount 

( Thouatnd 
dolt»rm) 



Gross receipts from 
sales and from 
operations 



Number 

of 
returns 



(Thoutand 
dollmra) 



Number 

of 
returns 



Amount 

( Thouaand 



February 1955 



Total assets 



Number 

of 
returns 



Amount 
( Thouiand 
dollar a) 



Gross receipts from 

sales and from 

operations 



Amount 

( Thounand 
doIlar»2 



Number 

of 
returns 



Amount 

(Ttiouaand 
doHmfJ^ 



TW 



(50) 



(52) 



(53) 



(S-i) 



(55) 



(56) 



(57) 



(58) 



(59) 



All industrial groups 

Agriculture, forestry, and fishery. 
Farms and agricultural services.. 

Forestry 

Fishery 



Mining and quarrying 

Metfi 1 mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production. 
Nonmetallic mining and quarrying 



Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics. 



Lumber and wood products, except furniture.. 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries. 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone , clay, and glass products 

Primary metal industries 

Fabricated metal products, except ord- 
nance, machinery, and transportation 
equipment . 

Machinery, except transportation equipment 
and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and equipment, except elec- 
trical . 

Ordnance and accessories 

Scientific instruments; photographic 
equipanent; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Cooinunication 

Electric and gas utilities 

Other public utilities 

Trade 



Wholesale 

Commission merchants. 
Other wholesalers. . . . 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and house furnishings . 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 



Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust ccmpanies 

Credit agencies other than banks 

Holding and other investment ccmpanies. . . . 
Security and ccanaodity-exchange briDkers 
and dealers. 

Insurance carriers' and agents 

Insurance carriers' 

Insurance agents and brokers , 



Real estate, except lessors of real prop- 
erty other than buildings. 
Lessors of real property, except buildings. 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 



Miscellaneous repair services, hand trades. 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 






1 

38 
(') 
568 

1,907 
21 
116 

134 
419 

70 
AJ 
30 
237 
87 



51 

66 

38 

151 



141 
61 



171 

203 

174 
(') 

1 

7,448 

1,591 

248 

1,343 

5,449 
170 
1,279 
2,264 
396 
224 
137 
167 
293 
519 

408 
2,492 



221 

151 

14 



91 
1,995 



123 
308 



76 
58 



26,775 
24,996 

11,138 



1,537 
7,486 

163,889 

958,208 
9,092 
90,917 

65,640 
126,825 

38,777 

2b, er? 

18,478 
97,745 
32,701 
16,606 

14,008 
11,219 
69,681 
14,444 
72,096 



29,621 
3,161 



11,154 



87,768 
33,714 
26,901 

3,039 



622,331 
36,992 
585,339 

7,175,761 
56,321 

5,831,511 
857,966 
158,289 

55,264 
27,181 
9,787 
60,120 
119,322 

96,913 

1,138,941 



469,782 

240,773 

210,540 

18,469 

8,200 
6,696 



6,918 

156,411 
27,023 
15,263 
79,289 
16,064 



(^) 



5,780 
6,115 
5,349 



11,712 



I') 



1 

38 



1,918 

21 

116 

134 
419 

70 
45 
30 
248 
67 
8 

9 

51 

66 

38 

151 



141 
61 



203 
174 

(') 
1 

{') 

7,496 

1,585 

238 

1,347 

5,498 
170 
1,283 
2,293 
397 
224 
137 
167 
293 
534 

413 
636 

107 
83 



101 
421 



123 

272 

69 



(^) 



18,483,842 



29,237 
28,307 



14,860 



2,677 
9,070 



2,071,800 

16,457 

257,521 

151,832 
375,308 

80,341 
51,016 
36,231 
170,369 
84,100 
38,715 

29,524 
37,221 

106,151 
33,927 

150,429 



65,776 
10,003 



44,617 

164,073 

43,100 
36,198 
(^) 

1,596 
(=) 
15,691,408 

2,043,120 

68,163 

1,974,957 

13,403,353 
283,086 

10,425,931 

1,803,864 

225,254 

201,577 

80,733 

34,068 

125,712 

223,128 

244,935 

93,588 



13,195 
9,970 

5,172 
4,213 



1,365 
154,524 
14,223 
26,196 
72,169 
10,157 

9,035 
7,323 
10,687 



13,781 
103 






1 
38 
(') 
574 

1,928 

21 

116 

134 
419 

70 
45 
30 
248 
87 



66 
38 
151 



171 

203 
174 

(^) 
1 

(') 

7,527 

1,605 

248 

1,357 

5,509 

170 

1,293 

2,294 

397 

224 
137 
167 
293 
534 

413 

2,562 



227 
162 



106 
101 



789 
74 
123 
308 

74 

76 
58 



1,020,670 

1,968 
1,748 
I') 

{') 
855 



{') 

15,679 

107,404 
1,038 
7,590 

5,629 
10,226 

2,934 
3,725 
2,079 
13,127 
4,989 
977 

1,165 

810 

13,356 

1,932 

6,706 



3,512 
392 



1,944 



8,086 

5,022 
4,143 

272 

820,796 

42,216 
3,903 
38,313 

771,920 
6,031 

672,092 

65,769 

8,997 

4,685 
2,076 
1,308 
3,654 
7,308 

6,660 

57,194 



6,666 

14,215 
1,087 



658 
33,323 

I') 

11,469 

1,441 

1,701 

3,883 

637 

( = ) 
847 
1,495 
1,322 

283 



11,910 



132 
132 



127 

1 
70 
46 



1,962 
11 

191 

101 
248 

95 
76 
60 
156 

102 
13 

34 
39 
67 



388 
374 



4,547 

1,715 

154 

1,561 

2,440 
170 
115 
433 
284 

262 
123 
252 
343 

458 

392 
3,146 

472 
(') 

342 
92 
(') 



142 
2,489 

(^) 
756 

87 
135 
259 

58 

(^) 
69 
56 
71 

60 



45,061 
45,061 



40,496 

752 
26,323 
13,068 

184,077 

1,549,062 
14,335 
517,759 

29,847 
61,327 

97,662 
24,265 
34,149 
95,966 
52,505 
1,974 

73,298 
15,550 
22,471 
16,663 
77,567 



189,579 



53,940 
4,120 



50,710 

98,791 

371,821 

59,239 

6,178 

306,387 



512,115 

32,971 
479,144 

1,044,606 

691,851 

24,875 

63,134 

75,164 

43,813 
6,999 
13,049 
53,197 
72,524 

88,502 

848,971 

316,931 

189,042 
103,086 

13,607 

319 

13,288 



92,532 
17,532 
10,576 
25,706 
10,361 

7,209 
12,791 
6,725 

20,662 



9,836 

153 
143 

122 

{') 

1 
65 



,979 

11 

191 

101 
253 

95 
76 
60 
156 
103 
14 

34 
39 
67 
42 
268 



420 
386 

I') 
2 

(^) 

4,609 

1,726 

164 

1,562 

2,486 
170 
115 
438 
289 

262 
133 
267 
344 
466 

397 

946 

217 
( = ) 
139 

(') 

133 

1 

132 



749 
62 
140 
273 
46 



11,616,572 

34,208 
34,025 

(') 
49,271 
I.') 

739 
33,242 
14,509 

488,534 

2,739,342 
26,879 
948,183 



68,346 
178,000 

147,067 
50,979 
52,019 

152,106 
93,276 
11,684 

108,953 
37,780 
45,374 
36,125 

174,189 



120,664 
10,104 



70,771 

166,683 

215,473 
80,544 

131,019 

7,853,784 

1,797,656 

96,812 

1,696,844 

5,803,904 

4,994,171 

48,951 

137,382 

110,356 

177,339 
22,917 
42,510 
125,371 
144,907 

252,224 



21,029 
I.') 

10,105 
I.') 

13,296 

527 

12,769 

58,058 



140,227 

11,964 

25,887 

47,197 

6,321 

14,809 
14,406 
17,504 

3,350 



153 
143 

{') 

127 
{'} 

1 
70 
46 



1,989 

11 

191 

101 
253 

95 
76 
60 
166 

103 
14 

34 
39 
67 
42 
268 



198 

420 
386 

(^) 
2 

(') 

4,614 

1,731 

164 

1,567 

2,486 
170 
115 
438 
289 

262 
133 
267 
344 
468 

397 

3,217 

472 
(') 
342 
92 

143 

1 

142 

2,550 

797 
87 
140 
284 
58 



4,157 



3,681 

(') 

43 

2,422 

1,202 

18,129 

183,304 

1,393 

49,877 

3,604 
3,624 

11,062 
5,588 
3,642 

16,076 

4,802 

282 

8,563 
1,691 
3,613 
2,963 
11,415 



23,031 



10,387 
849 



1,572 



3,647 

15,623 

24,150 
7,586 
(') 

16,169 
(') 
161,136 

36,650 
3,745 
34,905 

116,452 

90,052 

1,641 

3,661 

5,105 

3,387 
711 
1,818 
4,295 
5,782 

6,034 

50,027 



21,608 
(') 
4,536 
16,787 
{') 

785 

24 

761 



14,831 

1,262 

1,212 

3,186 

806 

1,459 
4,368 
2,407 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Lljnltations of Data." 



102 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH NET INCOME 

T«bl« 17.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME.BV MONTH IN WHICH AOCOUNTINO PERIOD ENDED, BY MAJOR INDUCTRUL CROUP— CoiHiii»«<l 



Major industrial group 



Returns with annual accounting period ended — Continued 



Total assets 



Number 

of 
returns 



Amount 
{ Thotiaand 
dollara} 



Gross receipts frcm 

sales and from 

operations 



Amount 

( ThouaMtd 



Amount 
CTTtouaand 



April 1955 



Total assets 



Number 

of 
returns 



Amount 

( Thovaand 

dollara) 



Gross receipts from 

sales and from 

operations 



Number 

of 
returns 



Amount 
(Thottamd 
dollara) 



Number 

of 
returns 



Amount 

(TTwtiaand 
dottara) 



(61) 



(62) 



(63) 



(64) 



(65) 



(66) 



(67) 



(68) 



(69) 



(70) 



(72) 



All industrial groups 

Agriculture, forestry, and fishery 

Farms and agricultural services 

Forestry 

Fishery 

Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production . 
Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture.. 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied Industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone , clay, and glass products 

Primary metal industries 

Fabricated metal products, except ord- 
nance, machinery, and transportation 
equipment . 

Machinery, except transportation equipment 
and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles. 

Motor vehicles and eqiiipment, except elec- 
trical . 

Ordnance and accessories 

Scientific instruments; photographic 
equipment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Commission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumlshings 

Automotive dealers and filling stations.. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies . . . 
Security and commodity-exchange brokers 
and dealers . 

Inaurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real prop- 
erty other than buildings. 
Lessors of real property, except buildings. 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades. 

Motion pictures 

Amusement, except motion pictures 

Other services. Including schools 

Nature of business not allocable 



22,001 

342 
320 
(^) 
{') 

227 

(^) 

(') 

25 

87 

98 

1,758 

4,045 
96 

437 

1 

170 

351 

257 
206 
104 
453 
182 



97 

200 

65 

400 



154 
22 



544 
493 

{') 

9 
(') 
7,480 

2,869 

330 

2,539 

3,858 
461 
121 
388 
456 

512 
144 
382 
479 
915 

753 

5,372 



50O 
126 
62 



297 
(^) 
287 

4,303 

53 

2,147 
162 
460 
589 
191 

94 

243 
223 

185 

86 



8,234,940 

124,447 
111,841 
(.') 

214,982 
(.') 
(^) 

60,600 
69,416 
83,168 

477,420 

3,147,334 

49,686 

792,879 

510 

251,079 

86,657 

191,812 
92,241 
205,086 
150,424 
76,325 
66,404 

10,655 
30,746 

113,412 
55,483 

128,200 



169,439 
9,820 



97,038 

125,880 

118,079 
93,105 
( = ) 
9,770 
(') 
2,123,421 

1,100,206 
52,665 

1,047,541 

878,303 

318,694 

21,233 

56,739 

82,069 

116,522 
26,918 
24,461 
79,068 

152,599 

144,912 
1,721,658 



785,831 
332,431 
159,565 
257,214 
36,621 

32,417 
31,895 



6,859 

303,207 
67,810 
44,708 
73,685 
15,596 

7,518 
35,160 
42,581 
16,149 

4,392 



18,265 

332 
321 

^') ' 
233 

(') 

I.') 
30 
87 
98 

1,786 

4,041 

96 

441 

1 

170 

351 

258 
206 
105 
443 
182 
20 

22 

97 
200 

75 
400 



154 
22 



554 
503 

(') 

9 
(2) 
7,628 

2,898 

325 

2,573 

3,976 
472 
121 
388 
471 

534 
144 
412 
489 
945 

754 

1,518 



177 
(^) 
34 

297 
(^) 
287 



2,107 
122 
450 
573 
171 

94 
243 
268 
186 

66 



15,326,764 

123,952 
123,126 

(^) 

224,016 

^') 

( = ) 
45,709 
78,136 
94,085 

1,122,315 

5,753,539 
145,869 

1,801,300 
1,126 
346,016 
253,019 
320,454 
197,428 
259,583 
246,941 
160,856 
162,669 

25,904 
78,636 

161,076 
94,317 

255,045 



328,156 
18,345 



231,742 

126,042 
113,325 
{') 
5,623 

(^) 



3,908,163 

158,750 

3,749,413 

3,062,899 

1,658,009 

64,308 

86,423 

162,025 

415,815 
82,357 
80,551 
199,152 
313,759 

374,128 



55,647 
13,923 
16,367 
(^) 
23,143 

28,868 
( = ) 
28,785 

87,173 

21 

457,469 
29,810 
90,108 

160,457 
23,528 

19,258 
47,898 
50,817 
35,593 

2,532 



22,561 

343 
321 
{') 
{') 

233 

(.') 

(') 

30 

87 

98 

1,796 

4,061 

96 

441 

1 
170 
351 

258 
206 
105 
453 
182 
20 

22 
97 
200 

75 
400 



154 
22 



554 
503 

{') 

9 
(') 
7,638 

2,908 

335 

2,573 

3,976 
472 
121 
388 
471 

534 
144 
412 
489 
945 

754 

5,617 

735 
31 
516 
126 



308 

297 

4,521 

53 

2,233 
172 
460 
609 
201 

94 
243 
268 
186 

86 



769,755 

10,344 
9,227 
{') 
{') 
22,391 

(^) 
3,335 
8,241 

10,431 

48,391 

377,773 

6,234 

108,819 

1 

16,382 

5,401 

25,581 
10,786 
26,304 
15,594 
11,760 
7,342 

1,406 
4,026 
13,596 

5,717 
13,537 



30,808 
1,571 



17,786 

10,061 
7,978 

(') 

1,106 
(^) 
190,936 

91,053 

3,866 

87,187 

90,362 

46,731 

2,187 

3,299 

4,388 

7,743 
3,493 
3,358 
6,943 
12,220 

9,521 

72,951 



23,574 
1,502 
5,475 

14,488 
2,109 

3,353 

(') 
3,336 

45,346 

678 

35,664 
4,175 
4,167 
8,367 
1,154 

1,020 
6,204 
8,182 
2,395 

1,244 



15,734 



163 

161 



1 

6 

96 

72 

1,090 

2,594 

51 

258 

2 

145 

345 

118 
117 

54 
327 

85 
9 



67 
66 

79 
210 



268 

457 
417 

[') 

{') 

{') 

5,310 

2,141 
267 

1,874 

2,628 

273 

81 

244 

355 

307 
107 
291 
303 
667 

541 

4,442 



674 

18 

482 

126 

48 



181 
3,503 

83 

1,406 
193 
254 
369 

138 

60 
77 
170 
145 

96 



6,760,983 

69,646 
69,261 

385 

110,103 

651 

642 

49,553 

34,606 

24,651 

292,190 

2,319,005 

100,026 

301,543 

3,023 

89,685 

89,394 

217,007 

58,072 

439,580 

144,031 

31,253 

33,446 

14,104 
30,201 

117,478 
14,300 

118,518 



76,921 
161,563 



35,566 

67,801 

146,085 
138,547 

(^) 

{') 
1,330,595 

683,064 

37,404 

645,660 

510,883 
168,986 
8,462 
18,046 
45,012 

66,034 
15,700 
26,244 
52,732 
109,667 

136,648 

2,139,981 



,132,956 
137,882 
527,875 
266,477 

200,722 

25,320 

299 

25,021 

972,240 

9,465 

348,492 

196,137 

39,652 

35,544 

31,906 

3,389 

8,413 

23,813 

9,638 

4,886 



12,408 



164 
162 



176 
1 
1 
6 
86 
82 



!,581 

51 

258 

2 

145 

360 

108 
117 

54 
317 

85 
9 

15 
67 
66 
79 
210 



270 

453 
413 

(') 

(') 

( = ) 

5,412 

2,152 

267 

1,885 

2,709 

274 

81 

249 

355 

317 
107 
351 
303 
672 

551 

1,139 



217 

(^) 

166 

1 

42 



191 
730 



1,320 
147 
259 
324 
118 

60 
87 
190 
135 



66,139 
64,403 

1,736 

142,593 

771 

718 

66,995 

41,674 

32,435 

611,604 

3,733,268 
148,995 
733 , 566 
4,202 
163,783 
250,295 

278,388 
120,714 
374,952 
219,281 
69,369 
61,397 

31,970 
31,008 

117,685 
33,036 

207,895 



140,084 
228,728 



131,167 

119,732 
112,725 

(.') 

4,689,533 

2,471,598 

112,700 

2,358,898 

1,810,351 

869,447 

16,630 

37,490 

33,865 

271,377 

39,916 

78,526 

113,520 

299, 580 

407,539 

192,586 



82,764 
(') 
16,901 
21 
65,291 

14,800 

14,800 
95,017 



386,492 
118,064 

59,022 
103,134 

19,193 

9,447 
14,576 
42,961 
20,095 

2,964 



164 
162 



136 
1 
1 
6 
96 
82 

1,107 

2,611 

51 

258 

2 

145 

360 

118 
117 

54 
327 

35 
9 

15 
67 
66 
79 

210 



270 

463 
423 

(^) 

(') 

{') 

5,422 

2,162 

267 

1,895 

2,709 

274 

81 

249 

355 

317 
107 
351 
303 
672 

551 

4,598 



695 

18 

492 

127 
53 

192 

1 

191 

3,618 

93 

1,447 
199 
259 
369 
138 

60 
87 
190 

145 



7,745 
7,628 

117 

9,298 
142 
119 
2,007 
3,552 
3,478 

22,331 

271,127 
12,807 
27,896 
123 
6,226 
6,866 

21,038 
6,357 
54,464 
13,750 
5,257 
4,467 

3,033 
2,878 

23,570 
2,324 

16,782 



10,076 
13,128 



7,321 

14,690 
13,306 

( = ) 
(') 
( = ) 
122,514 

56,455 
3,529 
52,926 

53,670 

21,589 

568 

1,163 

3,052 

4,423 
1,564 
3,207 
4,807 
13,297 

12,389 

84,432 



34,191 
1,018 
9,173 

21,773 
2,227 

1,945 

5 

1,940 



1,073 

27,146 
3,339 
3,066 
4,333 
2,191 

301 
1,611 
6,574 

726 

563 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



103 



RETIIRNS WITH NET INCOME 

T«l)l6 17.— TOTAL ASSETS, GROSS RECEIPTS FROM SALES AND FROM OPERATIONS, AND NET INCOME,BY MONTH IN WHICH ACCOUNTING PERIOD ENDED, BY MAJOR INDUSTRIAL GROUP— Condnuad 



Uajor industrial group 



Returns with annual accounting period ended — Contin 



May 1955 






June 


1955 












Gross receipts from 










Gross receipts from 








Total 


assets 


sales 


and from 


Net income 


Total 


assets 


sales and from 


Net 


ncome 








operations 










operations 








Number 


Amount 


Number 


Amount 


Number 


Amount 


Number 


Amount 


Number 


Amount 


Number 


Amount 




of 
returns 


( rhoaaand 


of 
returns 


(Thmtaanrt 
dollars) 


of 

returns 


( Thoutand 
dollars) 


of 
returns 


(thousand 
dollars) 


returns 


( Thousand 
dollars) 


returns 


(Thousand 
dollars) 




(73) 


(74) 


(75) 


(76) 


(77) 


(78) 


(79) 


(80) 


(81) 


(32) 


(83) 


(84) 




14,824 


6,229,137 


11,731 


10,751,740 


15,041 


533,100 


32,852 


15,688,031 


27,611 


26,071,584 


33,471 


1,388,750 


1 


267 


80,659 


267 


101,981 


267 


7,315 


579 


238,633 


590 


289,051 


590 


23,415 


2 


252 


79,854 


252 


101,156 


252 


7,199 


563 

(^) 


237,462 
(') 


574 
(') 


286,505 

( = ) 


574 
1.') 


23,219 

(') 


3 
4 


(') 


(.') 


(') 


(') 


(^) 


( = ) 


H 


( = ) 


{') 


(=') 


(') 


(') 


5 


139 


117,861 


130 


145,509 


140 


21,226 


346 


354,329 


367 


311,336 


367 


23,852 


6 


2 


26,245 


2 


16,957 


2 


6,324 


21 


21,682 


21 


14,389 


21 


3,885 


7 










_ 


_ 


3 


1,114 


3 


6,511 


3 


159 


8 


16 


8,259 


16 


8,676 


16 


523 


43 


48,090 


44 


42,691 


44 


3,136 


9 


85 


62,311 


76 


78,288 


36 


11,297 


216 


249,211 


236 


208,996 


236 


12,605 


lU 


36 


21,046 


36 


41,588 


36 


3,082 


63 


34,232 


63 


38,749 


63 


4,017 


11 


715 


137,195 


699 


338,515 


719 


11,935 


1,619 


532,617 


1,654 


815,183 


1,655 


36,625 


12 


2,782 


2,816,826 


2,791 


4,917,464 


2,302 


298,220 


6,647 


6,603,929 


6,672 


12,259,451 


6,684 


823,379 


13 


30 


5,774 


30 


9,223 


30 


589 


61 


86,014 


61 


170,932 


61 


7,003 


14 


295 


703,969 


295 


1,950,033 


295 


77,646 


539 


874,759 


596 


2,414,835 


596 


97,932 


15 


3 


4,354 


3 


10,976 


3 


357 


6 


4,797 


6 


16,842 


6 


681 


16 


151 


82,188 


156 


151,890 


156 


6,810 


313 


640,509 


311 


927,245 


311 


42,512 


17 


368 


85,650 


369 


286,621 


369 


6,907 


837 


303,499 


843 


835,432 


843 


24,302 


13 


126 


39,999 


127 


91,518 


127 


5,899 


364 


196,952 


380 


363,355 


380 


22,762 


19 


123 


53,035 


123 


99,225 


123 


5,956 


283 


146,648 


283 


306,493 


283 


19,292 


20 


59 


89,829 


59 


143,235 


59 


8,320 


195 


143,255 


196 


257,132 


196 


20,009 


21 


212 


53,218 


211 


105,050 


212 


6,890 


662 


214,906 


660 


347,814 


662 


28,247 


22 


217 


775,080 


222 


618,019 


222 


79,099 


438 


1,221,611 


429 


1,932,281 


439 


189,851 


23 


6 


18,800 


7 


33,888 


7 


1,022 


27 


91,593 


27 


130,827 


27 


3,858 


24 


19 


3,587 


19 


10,175 


19 


582 


47 


42,143 


47 


86,723 


47 


6,344 


25 


84 


40,001 


84 


112,524 


84 


3,537 


121 


88,937 


121 


198,065 


121 


9,170 


26 


98 


35,506 


98 


61,770 


98 


4,528 


192 


108,336 


192 


184,746 


192 


16,362 


27 


68 


388,516 


73 


335,966 


73 


30,410 


190 


526,393 


190 


700,279 


190 


67,242 


28 


241 


110,638 


241 


215,553 


241 


10,755 


649 


489,981 


655 


847,382 


655 


73,947 


29 


226 


84,192 


227 


157,106 


227 


12,873 


594 


556,422 


594 


810,936 


594 


77,805 


30 


60 


155,302 


61 


330,466 


61 


25,685 


274 


230,070 


274 


492,863 


274 


28,648 
31,053 


31 


17 


10,092 


17 


26,321 


17 


1,394 


54 


192,689 


54 


387,891 


54 


J2 


28 


6,419 


28 


12,424 


28 


549 


59 


50,629 


59 


107,966 


59 


6,031 


33 


2 


1,703 


2 


5,041 


2 


468 


5 


11,032 


5 


34,568 


5 


812 


34 


59 


12,931 


59 


23,130 


59 


1,696 


46 


69,453 


46 


100,855 


46 


8,820 


35 


290 


56,043 


280 


127,305 


290 


6,248 


643 


313,246 


643 


598,839 


643 


40,646 


36 


301 


116,618 


292 


164,368 


302 


13,972 


1,126 


377,329 


1,116 


420,084 


1,146 


37,724 


37 


268 


106,258 


259 


152,865 


269 


13,061 


924 


311,657 


904 


376,759 


934 


30,952 


33 


6 

(') 


6,987 
(') 


6 

(') 


6,941 

(') 


6 

(') 


703 
( = ) 


138 
(') 


46,437 


133 
(') 


32,141 


138 
(') 


5,676 


39 
40 


( = ) 


i') 


( = ) 


i') 


(^) 


(') 


52 


9,126 


62 


6,937 


62 


638 


41 


5,317 


1,375,059 


5,361 


4,722,979 


5,331 


104,722 


12,383 


3,154,065 


12,563 


11,114,962 


12,593 


254,650 


42 


2,375 


908,307 


2,416 


3,371,579 


2,416 


65,928 


4,981 


1,395,272 


5,016 


7,211,198 


5,036 


142,190 


43 


334 


40,900 


344 


122,841 


344 


4,138 


643 


127,109 


648 


244,406 


648 


10,071 


44 


2,041 


867,407 


2,072 


3,248,738 


2,072 


61,790 


4,333 


1,768,163 


4,368 


6,966,792 


4,388 


132,119 


45 


2,420 


362,589 


2,423 


1,041,785 


2,443 


29,435 


6,235 


1,024,525 


6,360 


3,210,851 


6,370 


94,691 


46 


215 


38,492 


216 


208,038 


216 


4,158 


495 


193,218 


500 


1,033,561 


500 


25,532 


47 


98 


14,641 


98 


34,076 


98 


937 


282 


43,441 


302 


102,293 


302 


3,265 


48 


222 


17,781 


222 


43,260 


222 


1,225 


389 


102,096 


389 


244,144 


889 


9,489 


49 


344 


67,611 


345 


33,009 


345 


3,575 


692 


137,100 


697 


243,994 


697 


9,452 


50 


382 


60,950 


373 


254,916 


383 


6,135 


648 


126,595 


649 


548,065 


659 


10,576 


51 


130 


14,154 


130 


40,418 


130 


1,639 


461 


45,484 


467 


130,300 


467 


4,369 


52 


209 


17,878 


219 


57,775 


219 


2,048 


569 


38,261 


620 


122,155 


620 


4,339 


53 


161 


42,188 


161 


91,248 


161 


2,840 


527 


33,471 


538 


195,030 


538 


7,247 


54 


659 


88,894 


659 


229,045 


669 


6,823 


1,672 


249,859 


1,698 


586,259 


1,693 


20,372 


55 


522 


104,163 


522 


309,615 


522 


9,359 


1,167 


234,268 


1,187 


692,913 


1,187 


17,769 


56 


4,161 


1,445,668 


1,135 


178,149 


4,278 


57,566 


7,339 


3,916,353 


2,076 


215,082 


7,607 


134,015 


57 


643 


653,071 


329 


70,661 


660 


14,327 


1,456 


2,600,679 


618 


48,934 


1,503 


63,255 


58 


(.') 


(.') 


(') 


(^) 


(^) 


{') 


200 


1,334,298 


179 


4,537 


200 


10,257 


59 


512 


271,936 


262 


12,820 


524 


5,956 


971 


830,778 


371 


26,807 


1,016 


21,853 


60 


62 


72,895 


1 


28 


67 


6,126 


236 


401,281 


24 


6,562 


233 


29,393 


61 


4S 


37,678 


45 


57,618 


48 


1,578 


49 


34,322 


44 


11,028 


49 


1,752 


62 


112 


16,564 


112 


14,995 


112 


2,017 


325 

I') 


32,815 
(^) 


345 
( = ) 


24,934 
( = ) 


355 


4,028 


63 
64 


112 


16,564 


112 


14,995 


112 


2,017 


315 


30,357 


335 


23,549 


345 


3,480 


65 


3,349 


771,319 


684 


92,122 


3,449 


40,768 


5,520 


1,275,007 


1,098 


140,820 


5,661 


65,597 


66 


57 


4,714 


i') 


(^) 


57 


454 


88 


7,852 


(') 


(') 


83 


1,135 


67 


1,060 


136,258 


1,005 


181,805 


1,070 


12,518 


2,641 


502,252 


2,451 


640,638 


2,697 


53,531 


68 


94 


45,910 


79 


30,644 


94 


2,510 


246 


114,930 


196 


68,585 


256 


7,387 


69 


179 


19,693 


184 


37,489 


134 


1,742 


521 


43,361 


531 


81,152 


531 


4,951 


70 


312 


19,932 


272 


35,914 


312 


2,743 


809 


94,699 


725 


172,593 


340 


12,925 


VI 


97 


6,284 


102. 


3,994 


102 


718 


231 


30,136 


166 


22,895 


231 


3,281 


72 


80 


4,959 


80 


8,173 


30 


434 


168 


10,705 


168 


24,804 


168 


890 


73 


101 


14,153 


101 


25,730 


101 


1,457 


181 


111,623 


181 


147,338 


181 


11,392 


V4 


114 


19,906 


114 


26,644 


114 


2,209 


200 


47,178 


200 


56,669 


200 


6,643 


75 


83 


5,416 


73 


8,217 


83 


705 


285 


44,620 


284 


66,602 


290 


6,062 


76 


82 


2,993 


51 


970 


32 


576 


122 


7,824 


122 


5,747 


132 


1,559 


77 



All industrial groups 

Agriculture, forestry, and fishery , 

Farms and agricultural services 

Forestry 

Fishery 

Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production., 
Nonmetallic mining and quarrying 

Construction 

Manufacturing 

Beverages 

Food and Icindred products 

Tobacco manufactures 

Textile-mill products , 

Apparel and products made from fabrics 

Lumber and wood products, except furniture.. 

Furniture and fixtures 

Paper and allied products , 

Printing, publishing, and allied industries. 

Chemicals and allied products 

Petroleum and coal products 

Rubber products , 

Leather and products 

Stone, clay/ and glass products 

Prijnary metal industries 

Fabricated metal products, except ord- 

OEmce, machinery, and transportation 

equipment . 
Machiiiery, except transportation equipment 

and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles . 

Motor vehicles and equipment, except elec- 
trical . 

Ordnance and accessories 

Scientific instruments; photographic 
equipment; watches, clocks. 

Other manufacturing 

Public utilities 

Transportation 

Ccunmunication 

Electric and gas utilities 

Other public utilities 

Trade 

Wholesale 

Comnission merchants 

Other wholesalers 

Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and house furnishings 

Automotive dealers and filling stations.. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 

Trade not allocable 

Finance, insurance,^ real estate, and lessors 
of real property. 

Finance 

Banks and trust ccmpanies 

Credit agencies other th.an banks 

Holding and other investment cosnpanies. . . 
Security and commodity- ex change brokers 
and dealers. 

Insurance carriers^ and agents 

Insurance carriers^ 

Insurance agents and brokers 

Real estate, except lessors of real prop- 
erty other than buildings. 
Lessors of real property, except buildings. 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades. 

Motion pictures 

Amusement, except motion pictures 

Other services , including schools 

Nature of business not allocable 



^For treatment of life and mutual insurance companies, see text, p. 17. 

^Sampling variability of this item was too large to warrant showing it separately. However, this value was included in each total. 

NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



104 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 













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CM OS O 
sO C^ r-l 
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CM TO OS 
(Js C- CM 



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II 

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■rHOo+^oSwSjg 

0) Kh C C J3 P 

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. ^ 4) 

I '35 



'^ 5f ^ 



OJ O V < 

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i m m B C Q.T, 

3 o O O 0) a> a 

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: a aj 






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as 

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■^' (0 01 O 
9) P, -r. 

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110 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH BALANCE SHEETS AND NET INCOME 

Table U.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BV MAJOR INDUSTRIAL GROUP 



Major industrial group 



All 

Indufltrial 

groups 



Agriculture, forestry, and fishery 



Total 

agriculture, 

forestry, 

and 

fishery 



Farms and 
agricul- 
tural 
services 



Mining and quarrying 



Total 
mining and 
quarrying 



Metal 
mining 



Anthra- 
cite 

mjning 



Gituminous 

coal and 

lignite 

mining 



Crude petro- 
leum and 
natural gas 
production 



Nonmetalllc 
mining and 
quarrying 



(1) 



(2) 



(3) 



W 



(5) 



(6) 



(7) 



(8) 



(9) 



(10) 



(11) 



Number of returns with balance sheets and with 
net income. 

Assets: 

Cash 

Notes and accounts receivable 

Less : Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 

Depreciable assets 

Less: Accumulated amortization 

Less: Accumulated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^ 

Prepaid income^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits 

Total liabilities 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizsble bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 
long-term capital loss. 
Net long-term capital gain reduced by net 
short-term capital loss. 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property. 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortlzstlon 

Depletion 

Advertising ■ 

Amounts contributed under pension plans 

Amounts contributed under other employee 
benefit plana. 

Net loss, sales other than capital assets.... 
Other deductions 

Total compiled deductions 

Compiled net profit ('i6 less 63) 

Net income (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax^ 

Total tax 

Compiled net profit less total tax (64 less 69) 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



419,679 



1,279 



f 77iou9«irf dollai 



76,086,421 

147,688,470 

2,116,734 

54,834,777 

1,760,285 

17,322,074 

104,092,817 

4,608,317 

131,759,256 

230,825,198 
3,374,591 

78,151,472 
7,028,152 
3,064,320 
8,663,383 
1,273,573 

14,294,971 



713,530,577 



31,317,296 

17,791,911 

72,373,142 

992,287 

367,589 

18,028,323 

319,733,566 
13,468,408 
77,809,164 
10,848,064 

150,800,827 



713,530,577 



383,824,906 
72,632,147 



1,975,260 
95,555 
381,261 
7,507,606 
3,797,705 
512,196 
60,306 

1,771,993 

605,913 
2,230,743 

606,464 
2,712,656 



478,814,711 



290,065,620 
41,934,492 
7,263,676 
3,958,523 
4,471,903 
879,565 
4,606,091 
10,815,110 

306,840 
11,547,106 
2,089,346 
4,926,334 
2,653,229 
815,955 

103,745 
52,858,682 



439,296,272 



39,518,439 

39,137,178 

423,874 



16,645,457 
36,328 



16,682,285 



22,836,154 

11,526,838 
1,311,537 



165,556 

402,785 

2,879 

184,110 

16,519 

7,934 

99,458 

1,257 

216,387 

868,374 

2,430 

383,036 

83,902 

21,162 

262,203 

5,505 

35,714 



1,940,197 



151,290 

122,522 

179,370 

4,198 

2,662 

62,550 
113,193 

24,131 
606,982 

26,428 
646,371 



1,408,087 
314,180 



1,974 

53 

153 

4,561 

15,135 

5,153 

163 

21,549 

1,504 

3,506 

3,783 

21,054 



1,800,855 



,080,799 
148,248 
41,666 
33,077 
26,928 
1,986 
12,898 
27,911 

1,058 
59,486 

2,116 
11,100 

3,304 

1,352 

289 
175,739 



1,627,957 



172,393 

172,745 

9,511 



64,997 
56 



48,150 
2,534 



153,912 
391,979 

2,876 

176,692 

16,014 

7,191 

93,413 

1,257 

206,289 

838,249 
2,430 

369,451 
9,005 
2,464 

252,061 

5,490 

32,687 



1,807,018 



145,223 

118,028 

158,783 

4,187 

2,645 

54,518 
110,577 

21,970 
555,757 

24,545 
610,785 



1,362,103 
307,399 



1,820 

53 

148 

4,362 

14,835 

5,075 

159 

13,661 

954 
3,149 
3,731 
20,532 



1,738,081 



1,045,265 
145,006 
40,064 
32,793 
26,358 
1,924 
11,962 
26,556 

1,042 
58,051 

1,603 
11,053 

3,293 

1,335 

289 

170,708 



160,779 

160,631 

8,496 



43,851 
2,534 



10,450 

9,521 

3 

6,490 

346 

718 



15,348 

9,333 
74,897 
18,698 

9,707 

2,831 



114,731 



4,543 



355 
18,064 



7,563 
2,330 
2,093 

43,781 
1,796 

34,201 



114,731 



30,244 
1,378 



5 

199 

230 

78 

4 



253 

357 

2 

501 



23,394 

339 

903 

35 

29 

18 

772 

991 

14 

606 
513 

1 
11 

13 



2,800 



30,439 



10,678 

10,673 

132 



7,165 
4,297 



1,194 
1,285 



928 
159 



14,777 
4,252 



435 

15 

196 



4,139 
2,523 

11 

17 

464 

236 

68 

7,444 

87 

1,885 



18,448 



15,740 
5,403 



140 
297 



12,140 
2,903 
699 
249 
541 
44 
164 
364 

2 
829 



1,441 

1,441 

833 



1,213 
2 



790,353 

1,165,895 

" 6,929 

510,083 

73,000 

29,462 

699,562 

9,083 

909,683 

5,624,756 

83,515 

2,666,724 

1,682,679 

873,315 

109,355 

36,228 

150,231 



8,159,887 



522,195 

216,147 
601,910 
10,379 
4,686 
481,400 
216,106 
177,405 

1,430,399 
202,822 

4,296,438 



3,159,837 



4,978,928 
1,194,633 



10,117 

40 

670 

10,515 

16,149 

26,177 

1,279 

60,557 

1,809 
60,132 

1,421 
30,692 



2,900,453 
724,967 
74,874 
27,955 
100,126 
5,050 
29,380 
161,563 

4,691 
337,413 
522,183 

9,986 
37,136 

8,910 

3,069 
461 ,480 



5,459,241 



933,873 

933,208 

14,274 



423,696 
1,250 



714,261 
13,275 



198,713 

231,721 

230 

142,547 

28,871 

8,552 

384,657 

2,122 

328,789 

944,868 

38,860 

467,213 

594,449 

357,566 

13,930 

1,952 

57,019 



2,074,321 



8,620 
55,452 
1,331 

8 

167,230 

50,525 

52,436 

378,189 

48,510 

1,151,715 



2,074,321 



1,123,434 
52,380 



4,712 

16 

99 

3,811 

2,194 

3,521 

254 

6,702 

28 

19,592 

87 

2,162 



642,473 

38,696 

5,813 

1,016 

15,630 

236 

2,906 

44,168 

440 

44,940 

109,761 

233 

8,967 

1,010 

94 
59,172 



243,832 

243,733 

1,284 



111,080 



132,802 



147,945 
993 



12,914 
13,325 

589 

6,279 

195 

300 

19,183 
23 

72,218 

40,115 

27,774 
2,649 
1,444 
3,964 

2 
448 



141,308 



18,210 

2,114 

3,888 

63 

2,886 
2,370 
8,031 

33,813 
4,593 

65,340 



141,8 



73,172 
25,090 



213 
11 

191 
169 

103 



20 

11,600 

2 

293 



111,550 



63,460 

15,793 

1,226 

436 

1,328 

72 

217 

1,343 

92 
2,768 
519 
68 
1,796 
272 



97,186 



14,364 
14,364 

370 



12,501 
7,040 



105,138 

194,623 

1,146 

66,405 

14,868 

13,687 

99,701 

1,944 

186,534 

940,565 

3,540 

434, 533 

238,629 

91,360 

3,214 

567 

16,676 



73,167 

51,843 

146,671 

1,836 

427 

38,632 

19,091 

40,976 

193,970 

33,567 

756,792 



1,356,972 



1,044,463 
56,943 



1,862 

7 

240 

2,195 

4,246 

620 

63 

15,928 

33 
7,357 

93 
5,643 



1,139,693 



748,338 

44,899 

10,607 

6,233 

28,096 

761 

6,928 

26,452 

584 
53,994 
33,976 

1,601 
52,866 

3,814 

252 

73,527 



46,765 

46,525 

1,260 



15,775 



32,375 
1,352 



315,551 

580,255 

2,383 

207,467 

20,195 

4,184 

148,029 

2,367 

235,474 

2,896,320 

3,270 

1,374,835 

723,587 

381,559 

59,018 

31,709 

53,825 



3,515,934 



202,210 

122,884 

336,638 

3,321 

3,891 

232,036 

111,227 

54,844 

573,520 

47,137 

1,823,126 



3,515,934 



1,728,174 
1,000,291 



2,521 

3 

152 

3,661 

6,672 

18,612 

920 

33,314 

1,659 
20,597 

1,239 
16,759 



2,834,574 



857,748 
591,764 
30,476 
15,532 
23,185 
2,284 
15,074 
60,932 

2,561 
177,025 
313,622 

5,056 
20,356 

2,093 

2,332 
211,991 



502,543 

502,391 

9,302 



235,763 
1,171 



236,939 



480,467 
10,717 



158,037 
145,971 

2,581 
87,385 

8,371 

2,739 

47,992 

2,627 

86,668 

802,838 

37,845 

362,369 

123,365 

41,386 

24,229 

1,998 

22,263 



1,070,852 



68,303 

30,686 
59,261 
3,828 
360 
40,566 
32,893 
21,118 

245,907 
68,965 

493,965 



1,009,685 
59,429 



809 

3 

179 

657 

2,368 

3,321 

41 

3,928 

69 
986 

5,835 



1,087,810 



588,439 
33,815 
26,752 
4,738 
31,887 
1,647 
4,255 
28,668 

1,014 
58,686 
64,305 
3,023 
3,151 
1,721 

386 
108,999 



961,486 



126,324 

126,145 

2,058 



59,215 
74 



59,289 



67,035 



46,434 
5,213 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



HI 



RETIRNS WITH BALANCE SHEETS AND NET INCOME 

T»bU 19.— BALANCE SHEETS AND RKLATED INCOME STATEMENTS, BY MAJOR INDUSTRUL OBO UP— Continued 



Number of returns with balance sheets and with 
net income. 

Assets: 

Cash 

Notes and accounts receivable 

Less : Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Governiiient obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

hkjt stated 

Other investments 



Construction 



Depreciable assets 

Less: Accumulated amortization.. 

Less: Accumulated depreciation.. 
Depletable assets ■ 

Less: Accumulated depletion,.... 

Land 

Intangible assets 

Other assets - 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid Income^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits.... 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortlzable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exenjpt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs ■ 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans,, . 
Amounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets. 
Other deductions 



Total compiled deductions.. 

Compiled net profit (-ifi less 63). 

Net Income (6^ less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax^ 



Total tax 

Compiled net profit less total tax (6^ less 69) 
Dividends paid: 

Cash and assets other than own stock 

Coz^xiration's own stock 



Major industrial group — Continued 



(12) 



Manufacturing 



Total 

manufacturing 



(13) 



72,998 



Beverages 



(K) 



Food and 
kindred 
products 



(15) 



6,^36 



Tobacco 
manufactures 



(16) 



Textile-mill 
products 



(17) 



3,1^7 



Apparel and 

products 

made from 

fabrics 



(18) 



Lumber 
and wood 
products, 

except 
furniture 



(19) 



Furniture 

and 
fixtures 



(20) 



2,593 



Paper and 

allied 
products 



(21) 



1,969 



( 17)ooaand dotlora) 



954,101 
3,027,406 

18,861 
685,382 

26,191 

15,541 

129,557 
11,416 
535,640 

1,870,411 
10,110 
902,862 
33,345 
9,678 
97,243 
8,346 
253,804 



6,706,872 



1,252,836 

428,558 

413,047 

19,061 

38,005 

289,396 

1,259,006 

105,581 

813,262 

70,978 

.2,017,142 



6,706,872 



2,435,615 
11,827,065 



2,265 

27 

403 

7,145 

30,830 

1,111 

333 

30,282 

2,426 

15,760 

3,182 

137,929 



14,494,373 



1,972,043 

10,011,261 

428,805 

44,965 

56,897 

12,468 

32,754 

145,340 

8,368 
225,279 
4,602 
30,254 
25,021 
17,003 

1,175 
855,240 



13,871,930 



622,393 

621,990 

29,224 



251,778 
476 



68,968 

30,197 



14,496,420 
25,350,156 

591,251 
35,634,131 

956,711 

323,748 

11,006,841 

322,602 

15,614,577 

98,156,085 
2,222,100 

42,243,609 
4,327,625 
1,793,544 
2,157,640 
532,287 
2,320,030 



164,843,339 



13,343,801 

4,735,284 

18,353,880 

603,724 

122,806 

9,866,678 

6,952,536 

5,920,102 

30,328,391 

5,003,905 

69,102,232 



164,843,339 



229,864,864 
3,984,707 



186,359 

1,433 

8,897 

183,411 

369,355 

227,091 

5,943 

481,544 

10,823 
829,874 
449,488 
743,610 



237,357,409 



167,510,865 
2,091,161 
2,611,729 
1,080,031 
3,595,417 
176,321 
890,908 
5,768,351 

172,555 
5,743,425 
1,411,472 
2,969,645 
1,631,424 

560,833 

46,413 
21,578,197 



217,893,897 



19,463,512 

19,454,615 

158,189 



9,355,073 
30,172 



9,385,245 



5,690,703 
908,778 



338,036 

472,496, 

8,224 

963,584 

24,129 

8,385 

129,481 

4,236 

167,197 

1,772,730 

1,088 

540,430 

4,728 

221 

61,367 

13,553 

99,957 



3,414,916 



314,543 

105,453 

470,589 

6,443 

8,084 

169,097 

113,701 

172,422 

393,595 

49,106 

,511,883 



3,414,916 



6,571,163 
10,964 



2,124 

102 

272 

5,042 

3,707 

2,587 

51 

4,781 

591 

2,601 

943 

18,866 



6,623,794 



,151,256 

2,272 

44,844 

14,976 

43,313 

5,453 

22,006 

953,066 

4,158 

100,982 

792 

277,721 

20,343 

9,440 

10,729 
583,776 



378,667 

378,395 

4,256 



188,217 
601 



117,260 
5,242 



1,143,050 

1,701,228 

35,873 

2,392,274 

108,343 

16,217 

433,221 

71,392 

309,694 

6,623,783 

5,570 

2,947,135 

8,819 

2,892 

253,238 

57,279 

215,899 



11,391,962 



925,479 

623,560 

1,105,822 

30,540 

3,852 

632,330 

371,199 

629,042 

2,327,366 

412,641 

4,325,081 



11,391,962 



29,929,717 
105,064 



7,762 

39 

923 

14,207 

20,432 

7,810 

249 

23,131 

1,008 
14,860 
29,825 
73,334 



30,228,361 



24,095,400 
31,601 

205,194 
97,839 

253,675 
18, ■'14 
79,919 

326,911 

12,370 

366,473 

1,543 

609,082 

90,393 

43,636 

2,342 
2,694,243 



1,299,021 

1,298,098 

21,513 



633,921 
3,536 



350,617 
38,817 



113,578 

530,216 

2,969 

1,908,474 

10,772 

1,441 

11,744 

714 

51,225 

345,296 
158,502 



10,408 
6,171 
15,835 



2,854,453 



393,816 

637,993 

1,583 

8 

199,920 

10,482 
220,921 
490,562 

61,234 
754,659 



3,584,135 
2,076 



205 

1 

54 

683 

1,075 

141 

22 

763 

2 

1,294 

532 

2,702 



3,593,736 



1,976,063 

903 

3,451 

2,099 

5,722 

1,122 

29,154 

956,030 

895 
16,059 

145,573 
3,821 
2,531 

70 
121,019 



318,159 

318,115 

33 



164,252 
13 



101,629 
459 



562,167 
1,083,221 

15,924 
1,734,518 

27,256 

28,836 

247,408 
13,767 
533,771 

3,911,914 

9,579 

1,647,428 

1,959 

322 

53,499 

9,570 

96,563 



6,641,201 



459,766 

309,889 
553,926 
19,555 
558 
271,333 
135,777 
343,636 

1,180,587 
161,566 

3,198,506 



6,641,201 



,919,890 
142,335 



4,852 
148 
521 

7,455 
14,145 

4,264 
758 

15,308 

519 
8,239 
2,343 
33,383 



9,154,315 



7,219,871 
80,346 
122,331 
35,240 
39,583 
5,672 
37,030 
139,067 

7,751 
192,731 
282 
57,515 
32,386 
15,699 

7,282 
626,332 



474,032 
473,411 

10,976 



223,575 
411 



131,315 

14,858 



357,550 
754,726 

15,303 
976,420 

11,251 

1,504 

38,477 

5,696 

147,721 

563,305 

2,211 

257,405 

956 

178 

17,953 

7,118 

53,503 



486,932 

210,203 

133,974 

5,785 

532 

142,649 

102,485 

123,238 

507,133 

28,735 

919,765 



2,671,583 



6,826,097 
157,287 



777 

2 

21 

1,913 

4,503 

7,057 

262 

3,397 

187 
1,355 

198 
20,689 



7,033,756 



5,449,262 

127,377 

188,045 

56,241 

13,025 

7,665 

13,837 

81,212 

5,160 
42,143 
110 
70,359 
16,738 
11,734 

1,145 
730,353 



6,319,467 



214,239 

214,268 

10,030 



90,337 
231 



28,551 

7,580 



322,657 
483,755 

10,130 
712,765 

27,593 

4,130 

189,894 

10,219 

230,798 

1,555,715 
4,324 

771,753 

373,097 

34,939 

71,515 

3,127 

81,906 



3,362,122 



223,080 

169,921 

199,856 

7,004 

8,068 

155,687 

108,248 

58,082 

743,312 

56,419 

,616,945 



4,453,124 
62,364 



2,844 
15 

143 
3,954 
9,135 
2,553 

390 

145,039 

1,366 
5,173 

30 
31,771 



4,713,556 



3,409,920 
40,249 
81,934 
14,849 
41,436 
6,400 
17,195 
79,300 

2,785 
115,824 
137,315 
13,667 
9,040 
4,152 

601 
377,910 



4,353,078 



360,478 

360,335 

6,421 



135,120 
153 



77,576 

7,703 



162,223 
344,552 

8,849 
401,820 

6,584 

1,908 

67,391 

5,324 

77,447 

566,193 

1,801 

248,149 

8,483 

1,992 

22,530 

1,012 

26,463 



1,431,749 



145,422 

60,079 
76,776 
5,850 
316 
91,279 
63,412 
41,252 

292,229 
23,162 

631,972 



2,801,686 
5,947 



1,204 

10 

32 

1,924 

2,017 

373 

1 

3,466 

79 

957 

1,553 

16,961 



2,836,220 



2,068,598 
1,654 
73,575 
20,723 
18,403 
4,738 
7,321 
40,610 

2,781 

35,537 

95 

36,383 

10,510 

4,952 

316 

328,041 



181,472 

131,440 

3,673 



85,244 
178 



31,034 

5,329 



577,394 
582,042 

16,935 
923,685 

33,458 

13,215 

525,192 

7,375 

853,571 

4,625,232 

28,365 

1,862,352 

216,501 

39,745 

86,685 

3,778 

152,634 



6,753,075, 



312,355 

111,818 
851,957 
15,637 
907 
400,771 
162,220 
316,350 

1,186,130 
194,561 

3,209,369 



6,763,075 



7,832,637 
18,559 



12,118 

143 

676 

7,590 

8,633 

4,241 

135 

36,509 

91 

14,035 

5,621 

33,705 



7,974,811 



5,415,565 
9,551 
97,811 
32,120 
191,820 
4,565 
34,322 
130,132 

9,470 
236,355 
11,020 
44,990 
56,881 
13,708 

1,253 

783,7101 



7,073,775 



901,036 

900,360 

2,239 



444,629 
534 



227,853 

71,281 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sajnple and Limitations of Data. 



112 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



RETURNS WITH BALANCE SHEETS AND NET INCOME 

Table 19— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Coatiaued 



Major industrial group — Continued 



Manufacturing — Continued 



Printing, 
publishing, 
and allied 
industries 



Chemicals 
and allied 
products 



Petroleum 
and coal 

products 



Rubber 
products 



Leather 

and 
products 



Stone, 

clay, 

and glass 

products 



Primary 

metal 
industries 



Fabricated 
metal prod- 
ucts, except 
ordnance , 
machinery, 
and trans- 
portation 
equipment 



Machinery, 

except 
transpor- 
tation 
equipment 

and 
electrical 



Electrical 
machinery 

and 
equipment 



Number of returns with balance sheets and with 
net income. 

Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 

Depreciable assets 

Less: Accumulated amortization 

Less: Accumulated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

ReseiT^es for estimated expenses! 

Prepaid income^- 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits 

Total liabilities 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less araortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 
short-term capital loss. 
Net gain, sales other than capital assets.... 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled receipts ■ 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising - 

Amounts contributed under pension plans 

Amounts contributed under other employee 
benefit plans. 
Net loss, sales other than capital assets.... 
Other deductions 

Total compiled deductions 

Compiled net profit (46 less 63) 

Net Income (64 less 36) 

Net operating loss deduction 

Income tax 

Excess prorits tax ^ 

Total tax 

Compiled net profit less total tax (64 less 69) 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(22) 



(23) 



(2-^) 



(25) 



(26) 



(27) 



(28) 



(29) 



(30) 



(31) 



9,i-;6 



1,589 



2,783 



2,085 



7,393 



2,391 



(Thousand dolla 



690,-437 
9U,053 

33,103 
601,344 

39,077 

28,974 

264,625 
24,771 
547,166 

2,388,809 

6,640 

988,421 

6,937 

3,632 

116,051 

126,727 

188,821 



4,905,996 



409,413 

155,260 

336,191 

21,728 

29,658 

323,503 

316,225 

231,065 

754,335 

152,690 

2,175,928 



4,905,996 



6,921,749 
479,248 



6,173 
76 
378 
4,308 
16,218 
14,409 
1,063 

14,191 

2,187 
22,515 

5,068 
67,056 



7,554,639 



4,763,747 

259,365 

246,766 

73,043 

35,187 

18,986 

22,187 

106,351 

9,839 

125,891 

157 

43,893 

48,101 

12,291 

1,150 
1,161,330 



6,928,284 



626,355 

625,977 

7,631 



286,975 
785 



287,760 



338,595 



136,911 
21,151 



1,369,179 
1,844,993 

47,868 
2,739,409 

73,838 

24,891 

1,395,506 

7,187 

1,912,121 

10,454,171 

441,861 

4,188,011 

136,514 

57,434 

190,938 

72,821 

215,441 



15,701,835 



920,147 

254,974 

2,118,943 

131,574 

1,316 

1,170,131 
488,160 
871,830 

2,441,514 
332,733 

6,970,513 



15,701,835 



17,320,610 
65,793 



23,964 
53 

639 
18,070 
16,755 
51,055 

362 

26,676 

437 

136,312 

53,135 

63,653 



10,808,071 
15,716 

213,293 
65,713 

336,285 
12,838 
89,530 

222,081 

12,490 
725,206 

55,489 
540,601 
174,125 

36,977 

1,342 
2,194,812 



2,272,945 

2,272,306 

10,488 



1,095,922 
1,138 



1,097,060 



1,175,885 

815,469 

24,789 



1,587,119 
3,258,598 

174,751 
2,495,425 

237,969 

29,192 

1,806,839 

2,713 

4,919,523 

22,243,564 

265,599 

10,391,420 

2,615,266 

1,131,805 

487,325 

75,228 

327,574 



28,122,760 



2,525,433 

184,165 

3,928,158 

69,006 

40,947 

738,441 

350,787 

325,975 

7,615,625 

842,867 

11,501,356 



28,122,760 



24,845,102 
843,352 



27,227 

49 

1,475 

31,822 

149,172 

40,571 

394 

62,687 

788 

438,262 

134,335 

65,256 



18,784,006 
439,443 
38,349 
221,800 
395,065 
12,543 
116,997 
596,921 

11,882 

910,492 

1,051,833 

127,519 

229,658 

65,352 

5,744 
2,012,141 



25,019,745 



1,620,747 
1,619,272 

2,108 



633,701 
130 



1,021,430 
410,426 



204,995 

729,963 

14,068 

793,262 

7,823 

685 

132,781 

374 

179,317 

1,516,366 

27,548 

752,199 

584 

361 

16,356 

2,746 

15,644 



2,806,720 



258,032 

49,943 

573,789 

2,161 

526 

190,501 

112,751 

112,179 

316,201 

95,218 

1,095,419 



2,8 



.,720 



4,329,416 
31,274 



3,334 
4 
8 
3,426 
4,801 
1,265 



1,869 

26 

14,480 

24,365 

9,962 



3,129,847 
13,181 
25,979 
23,049 
70,055 
7,087 
20,966 
127,632 

1,435 

92,470 

217 

52,805 

25,963 

9,123 

103 
515,932 



4,115,844 



308,394 

308,386 

1,285 



152,895 
156 



153,051 



84,059 
2,726 



136,191 
320,935 

6,701 
418,507 

4,843 

2,351 

31,641 

2,067 

137,900 

351,517 

888 

172,417 

436 

208 

11,594 

1,988 

23,053 



1,262,8 



144,830 

75,294 
97,108 
2,874 
51 
73,609 
32,431 
52,306 

233,944 
61,198 

489,164 



1,262,809 



2,581,737 
3,564 



622 
8 
49 
984 
1,751 
306 
27 

848 

10 

952 

2 

10,415 



2,037,949 

1,951 

51,914 

15,624 

13,871 

2,439 

8,356 

33,804 

2,447 
21,311 
36 
32,038 
8,729 
5,710 

158 
231,590 



128,348 

128,299 

3,964 



59,859 
314 



60,173 



68,175 



28,079 
2,783 



553,814 
719,765 

19,007 
806,890 

47,836 

14,603 

418,596 

51,343 

436,010 

3,434,891 

55,505 

1,428,182 

101,526 

35,204 

76,717 

8,511 

61,057 



5,193,681 



314,007 

90,162 

464,179 

23,524 

2,622 

355,869 

145,987 

139,466 

1,142,860 

172,995 

2,342,010 



5,193,681 



6,160,819 
29,123 



7,903 
41 

427 
3,823 
5,828 
6,636 

164 

11,014 

420 
12,371 
19,874 
23,474 



6,281,917 



3,966,703 

13,578 

93,026 

24,199 

161,354 

6,257 

20,832 

105,634 

6,371 
209,821 
56,822 
48,549 
49,732 
13,663 

1,096 
688,544 



5,466,181 



815,736 

815,309 

4,790 



403,926 
400 



404,326 



411,410 



214,036 
42,849 



1,288,947 

1,606,103 

35,755 

2,930,266 

107,789 

27,164 

1,231,567 

9,300 

1,001,289 

14,564,717 
939,536 
6,433,425 
808,410 
475,376 
166,555 
16,140 
206,396 



16,080,551 



1,093,462 

231,631 

2,520,988 

37,388 

1,342 

1,054,264 

449,443 

727,410 
3,051,794 

334,392 
6,578,437 



16,080,551 



17,719,794 
463,131 



18,306 

95 

402 

17,412 

41,004 

8,037 

557 

22,279 

125 
36,385 
7,420 
39,412 



13,374,359 



12,631,246 
234,125 
117,203 
74,934 
906,350 
5,163 
109,557 
345,603 

14,998 
950,655 

87,227 

64,102 
244,884 

65,495 

1,169 
917,975 



1,603,673 

1,603,271 

3,862 



804,724 
1,356 



806,080 



797, 593 

442,345 
26,974 



864,969 

1,286,346 

28,434 

2,021,408 

37,086 

13,300 

281,402 
15,472 
431,942 

3,618,306 

36,029 

1,487,571 

11,931 

1,887 

121,571 

14,037 

139,677 



7,303,526 



578,834 

305,085 
477,027 
36,903 
5,162 
410,503 
356,376 
237,491 

1,363,643 
130,561 

3,401,941 



7,303,526 



12,170,885 
75,301 



5,245 
105 
974 

5,054 
11,666 

4,140 
189 

21,846 

326 
11,985 
21,097 
55,304 



8,921,614 
41,117 

269,192 
57,820 

175,662 
13,508 
37,690 

180,275 

10,294 

229,701 

265 

133,063 

70,518 

36,455 

2,389 
1,243,564 



11,423,127 



960,990 

960,016 

6,978 



462,550 
1,855 



216,572 
21,406 



1,649,773 
2,597,233 

53,284 
4,198,792 

43,447 

18,423 

814,916 
66,477 
966,385 

6,516,286 

179,354 

2,620,895 

6,830 

3,955 

162,574 

19,862 

203,164 



14,406,674 



1,138,202 

325,108 

1,578,878 

60,592 

10,729 

907,831 

639,492 

477,475 

2,711,133 

494,387 

6,062,847 



14,406,674 



18,687,251 
494,841 



14,045 
92 

462 
18,409 
26,838 
30,315 

545 

22,258 

195 
26,676 
35,301 
73,505 



12,990,440 
53,324 

306,864 
86,916 

275,808 
17,473 
80,401 

324,206 

20,934 

476,421 

4,219 

204,464 

169,928 

53,960 

2,872 
2,491,725 



17,559,955 



1,870,778 

1,870,316 

8,889 



928,571 
4,581 



420,480 
63,218 



719,022 
1,796,579 

25,743 
2,440,879 

28,014 

68,321 

747,031 

5,113 

869,274 

3,056,316 

85,002 

1,040,773 

2,608 

1,410 

57,603 

6,221 

158,019 



8,802,072 



1,039,225 



538; 

937 

*6j 

1, 

749 

349 

208, 

1,382, 

299, 

3,249, 



965 
420 
559 
646 
325 
579 
264 
046 
076 
967 



8,802,072 



13,251,717 
54,327 



8,986 

150 

882 

13,174 

10,602 

17,0% 

538 

19,245 

232 

22,051 
18,593 
36,287 



9,521,323 
39,962 

120,233 
55,320 

122,612 
10,934 
48,833 

293,171 

13,534 

256,859 

55 

227,507 

119,033 

40,132 

2,595 
1,403,231 1 



12,275.334; 



1,188,5461 
1,187,664 

llj582j 



590,158 
3,092 



593,250 



595,296 



321,628 

17,977, 



See footnotes at end of table. See text for explanatory statemente end for "Description of the Sample and Llraltatione of Data." 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



113 



RETURNS WITH BALANCE SHEETS AND NET INCOME 

Table 19.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BV MAJOR INDUSTRIAL GROUP— Conlinuod 



Major industrial group — Continued 



Manufacturing — Continued 



Transpor- 
tation 

equipment, 
except 

motor 
vehicles 



Motor 

vehicles and 

equipment, 

except 
electrical 



Ordnance 

and 

accessories 



Scientific 

instruments; 

photographic 

equipment; 

watches, 

clocks 



Other 
manufac- 
turing 



Public utilities 



Total public 
utilities 



Transpor- 
tation 



Comiunl- 
catlon 



Electric 
and gas 
utilities 



Other 

public 

utilities 



(32) 



(33) 



(35) 



(36) 



(38) 



(39) 



(40) 



(41) 



Number of returns with balance sheets and with 
net income. 

Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization. 

Less; Accumulated depreciation. 
Depletable assets 

Less: Accumulated depletion. .. . 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^ . 

Prepaid income ^ 

Accnied expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, coimoon^ 

Surplus reserves 

Surplus and undivided profits.... 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporstions 

Dividends, foreign corporations 

Other receipts 

Total compiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 



Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans... 
Amounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets. 
Other deductions 



Total compiled deductions.. 

Compiled net profit (46 leas 63). 

Net income (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax-' 



Total tax. 



Coinpiled net profit less total tax (64 less 69). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



( 7h<Mtaand tJottarM) 



614,816 

1,813,251 

4,542 

2,047,598 

25,898 

3,603 

209,585 

1,519 

131,772 

1,779,901 

31,002 

838,969 

571 

163 

48,040 

2,450 

66,351 



5,870,679 



979,446 

225,343 

434,760 

32,368 

865 

383,327 

1,223,204 

92,044 

544,474 

153,138 

1,801,710 



5,870,679 



9,803,824 
812,039 



1,910 

5 

99 

7,606 

4,134 

12,767 

20 

5,531 

429 
4,988 
4,279 
22,748 



,057,145 
621,633 
44,556 
36,115 
140,901 
2,003 
29,668 
155,688 

6,619 

130,076 
39 
24,146 
67,109 
28,931 

1,767 
501,902 



9,848,298 



832,081 
831,982 
22,102 



415,673 
8,941 



155,131 
51,767 



663,591 

1,243,135 

8,563 

2,000,422 

21,798 

4,007 

1,658,953 
739 

901,714 

5,866,353 

56,203 

2,383,371 

5,736 

3,159 

59,308 

64,594 

378,049 



10,417,103 



1,036,302 

54,745 

472,988 

6,449 

914 

1,010,298 

1,111,372 

365,423 

674,051 

818,391 

4,866,170 



10,417,103 



16,475,389 
3,492 



31,849 

229 

125 

16,034 

8,065 

4,975 

43 

24,848 

79 
46,500 
75,080 
16,575 



16,703,283 



12,203,075 

530 

48,720 

13,092 

214,183 

2,115 

28,166 

403,856 

7,814 

349,612 

577 

46,985 

162,219 

55,091 

490 
854,485 



14,391,010 



2,312,273 

2,312,148 

2,357 



1,171,780 
594 



1,172,374 



1,139,899 



610,659 
3,585 



25,035 

25,312 

430 

60,195 

1,728 

2,051 

16,798 
2,035 
11,319 

82,611 
3,555 
37,070 



2,682 

55 

2,625 



5,811 

8,413 

413 

21,767 
12,298 

7,668 
24,448 

3,643 
87,049 



191,391 



325,303 
28,742 



77 
165 
214 

61 



176 
46 
762 



355,993 



240,600 
21,492 
3,937 
1,131 
3,590 
55 
1,299 
5,681 

419 
6,041 

314 
2,842 
3,391 

660 

52 
26,957 



318,461 



37,532 
37,455 
3,579 



17,351 
93 



20,088 



7,403 
187 



223, 105 

529,213 

9,240 

769,826 

13,062 

4,191 

215,955 

1,152 

133,322 

1,088,552 

30,877 

467,520 

4,650 

2,606 

26,561 

7,523 

23,260 



2,530,129 



162,948 

91,541 
203, 587 

21,137 

1,122 

227,851 

197,026 

50,234 
448,462 

73,081 
1,053,140 



2,530,129 



3,525,497 
25,321 



3,066 

14 

23 

2,907 

2,908 

3,853 

69 

4,301 

191 
3,989 
7,446 
12,711 



3,592,296 



,274,232 
8,152 
53,312 
19,265 
47,159 
2,490 
14,038 
75,609 

4,065 
77,269 
79 
73,285 
41,589 
21,309 

420 
450,142 



3,162,415 



429,881 

429,858 

2,110 



216,035 
530 



93,136 
58,329 



328,772 
607,420 

15,560 
796,367 

17,007 

6,356 

87,338 

8,617 

143,999 

1,118,052 
8,063 
480,206 
5,983 
1,055 
36,470 
6,776 
58,079 



2,716,352 



272,842 

157,518 
160,558 

17,446 
3,581 
186,342 
108,880 
101,279 
497,397 

52,111 
1,158,398 



2,716,352 



4,827,271 
50,453 



1,521 

47 

135 

2,449 

5,752 

2,474 

94 

11,393 

1,035 

3,656 

2,387 

20,078 



,394,931 
33,629 
156,199 
37,923 
40,353 
8,100 
16,553 
79,961 

4,134 
79,996 

2,985 
75,951 
20,828 

9,882 

1,328 
637,923 



4,600,676 



323,069 

327,934 

7,268 



148,608 

450 



57,035 
9,X2 



3,197,528 

3,048,935 

37,514 

2,216,037 

265,400 

23,088 

2,555,954 

90,600 

4,789,173 

89,475,938 

847,537 

20,078,562 

141,431 

69,491 

488,649 

91,021 

2,108,317 



87,464,017 



2,538,766 

862,860 

32,018,947 

90,724 

17,668 

3,641,708 

2,910,974 

4,397,439 

21,259,758 

1,066,151 

18,659,022 



37,464,017 



2,154,114 
33,647,833 



39,162 

1,086 

869 

90,635 

363,533 

26,293 

3,256 

99,603 

19,257 
120,389 

13,410 
208,033 



36,787,473 



1,653,660 

19,783,659 

268,116 

738,056 

79,351 

40,370 

1,125,195 

2,202,330 

21,179 
3,058,096 

64,701 
131,708 
414,385 
106,125 

7,000 
2,412,879 



32,106,810 



4,680,663 

4,679,794 

31,003 



2,295,206 
519 



2,295,725 



2,384,938 



2,003,963 
39,891 



1,734,502 

1,481,444 

8,521 

675,250 

72,516 

21,974 

1,160,473 

88,041 

2,924,172 

29,581,949 

711,448 

7,399,941 

45,358 

28,364 

199,491 

56,091 

957,993 



30,850,980 



1,490,424 

281,220 

8,678,828 

43,689 

12,456 

957,651 

1,480,117 

655,651 

6,435,363 

366,146 

10,449,435 



30,850,980 



233,768 
15,997,203 



22,935 

378 

497 

47,912 

301,168 

15,328 

2,065 

72,381 

16,395 

73,710 

2,089 

94,339 



16,380,668 



131,932 

11,130,535 

187,685 

533,115 

35,182 

5,060 

328,179 

832,251 

6,322 
1,201,345 
23,993 
72,242 
61,107 
23,532 

2,541 
1,035,337 



1,219,310 

1,218,313 

20,031 



551,936 

139 



446,975 

11,137 



302,064 
450,155 
5,368 
523,257 
120,109 

1,084 

1,056,077 

1,313 

464,802 

17,500,642 

10,471 

4,645,2-51 

6,446 

2,192 

35,372 

22,278 

479,345 



16,300,162 



322,606 

60,568 

4,917,798 

3,869 

2,331 

1,028,866 

732,345 

224,790 

6,090,769 

26,733 

2,889,487 



16,300,162 



1,768,567 
6,520,157 



10,609 

690 

100 

11,049 

40,408 

3,439 

1,097 

9,317 

2,281 

28,749 

2,292 

6,626 



3,410,381 



1,418,031 

3,140,489 

26,112 

99,794 

33,002 

19,833 

173,895 

473,813 

5,094 

531,697 

41 

34,844 

217,894 

49,937 

746 
793,266 



1,336,888 

1,336,788 

1,637 



674,811 

310 



508,869 
6,894 



1,120,436 
1,086,230 

22,818 
1,003,200 

69,522 

3,185 

330,478 

1,014 

1,273,034 

41,222,223 

119,621 

7,840,515 

89,320 

38,896 

231,862 

10,481 

642,028 



39,061,163 



703,639 

449,202 

17,884,539 

42,209 

2,045 

1,618,255 

634,382 

3,423,314 

3,504,873 

663,915 

5,134,790 



39,061,163 



144,347 
10,912,138 



5,491 

16 

206 

30,972 

21,626 

2,466 

93 

16,348 

408 

16,129 

9,029 

104,951 



11,264,220 



99,516 

5,426,720 

48,520 

54,246 

5,147 

15,115 

602,558 

873,258 

9,094 
1,252,185 
40,624 
24,293 
133,102 
32,366 

3,620 
563,144 



9,183,513 



2,080,707 

2,080,501 

3,682 



1,043,957 



1,049,012 



1,032,620 
20, 592 



40,526 

31,106 

807 

14,380 

3,253 

1,845 

8,926 

232 

127,165 

1,171,124 

5,997 

192,855 

307 

39 

21,424 

2,171 

28,951 



1,251,712 



22,097 

71,870 

537,782 

957 

836 

36,936 

64,130 

93,684 

228,753 

9,357 

185,310 



7,432 
218,335 



127 

2 

66 

702 

331 

60 

1 



173 
1,801 



232,204 



4,181 

35,915 

5,799 

901 

1,020 

357 

20,563 

23,003 

169 
22,369 
43 
324 
2,282 
290 

93 
21,132 



43,758 
43,692 

653 



19,502 
15 



19,517 



15,499 
1,268 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



114 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH BALANCE SHEETS AND NET INCOME 

T«ble 19 BALANCE SHEETS AND RELATED INCOkE STATEMENTS, BY MAJOR INDUSTRIAL aROUP— CoMinuad 



Major industrial group — Continued 



Trade 



Total trade 



Total 
wholesale 



Commission 
merchants 



Other 
wholesalers 



Total 
retail 



General 
merchandise 



Apparel 

and 

accessories 



Fiimiture 
and house- 
fumishlngs 



Automotive 

dealers and 

filling 

stations 



Number of returns with balance sheets and with 
net income . 

Assets: 

Cash 

Notes and accounts receivable 

Less : Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization. 

Less: Accumulated depreciation. 
Depletable assets 

Less: Accumulated depletion. . .. 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses! 

Prepaid income ^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits... 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 
long-term capital loss. 
Net long-term capital gain reduced by net 
short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans... 
Amounts contributed under other employee 
benefit plans. 
Net loss, sales other than capital assets. 
Other deductions 



Total compiled deductions.. 

Compiled net profit (46 less 63). 

Net income (6-; less 36) 

Net operating loss deduction 

Income tax 

Excess prof I ts tax '. 



Total tax. 



Compiled net profit less total tax (64 lesa 69). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(43) 



(44) 



(45) 



(46) 



(47) 



(48) 



(49) 



(51) 



49,438 



6,352 



12,783 



(Thouaaid dollars) 



5,613,437 
14,686,887 

441,791 
15,075,792 

264,224 

42,919 

1,176,911 

65,545 

3,388,486 

13,039,144 

81,731 

5,374,517 

148,590 

66,644 

1,140,000 

118,603 

1,100,002 



49,895,357 



8,363,420 

3,742,765 
3,709,314 

138,993 
49,781 
2,239,387 
1,950,463 
1,454,409 
8,721,825 

787,190 
18,738,310 



49,895,857 



141,592,068 
2,335,104 



20,915 

198 

1,785 

143,011 

228,697 

31,534 

4,009 

122,344 

10,129 

73,262 

78,821 

,138,443 



145,780,320 



114,115,662 

1,115,099 

2,202,624 

1,414,218 

335,207 

247,828 

335,467 

1,268,062 

52,047 
1,006,220 

16,222 

1,442,622 

222,774 

61,114 

9,169 
17,640,898 



141,485,233 



4,295,087 

4,293,302 

79,210 



1,865,155 
2,272 



1,867,427 



855,693 

117,010 



2,327,873 

7,846,667 

166,645 

7,068,016 

84,843 

22,154 

471,208 

36,073 

1,816,389 

4,159,197 

33,070 

1,674,440 

121,525 

57,602 

292,945 

40, 510 

499,730 



22,855,373 



4,766,776 

2,302,941 

1,646,738 

54,875 

20,472 

823,090 

838,513 

534,061 

3,697,111 
324,911 

7,845,885 



22,855,373 



68,462,655 
1,661;473 



9,229 
95 
570 
58,697 
67, 581 
27,579 
2,232 

55,039 



4,420 

39,874 

69,192 

430,374 



70,889,010 



59,161,716 
844,470 
1,011,939 
284,047 
106,917 
94,237 
163,780 
509,536 

19,857 
345,736 

13,365 
371,304 

79,398 

21,934 

3,477 
6,091,078 



69,122,841 



1,766,169 

1,765,599 

36,333 



747,060 
1,124 



748,184 



1,017,935 



313,977 
52,829 



244,795 

652,570 

10,169 

141,535 

3,654 

523 

59,472 

2,405 
197,002 

149,395 

614 

59,855 

3,941 

1,919 

11,298 

5,781 

45,820 



1,445,639 



356,931 

159,700 
85,821 
7,689 
5,449 
45,523 
53,747 
32,618 

218,502 
16,309 

463,345 



1,445,639 



2,682,548 
652,161 



1,146 

21 
7,461 
4,040 
2,072 



2,618 

112 

7,406 

78 

55,769 



3,415,720 



2,475,931 

213,890 

105,648 

19,543 

3,161 

4,570 

8,L28 

15,614 

1,128 
13,977 
506 
17,878 
7,210 
1,217 

680 
410,343 



116,296 

116,275 

4,143 



72,950 



17,662 

2,714 



2,083,078 

7,194,097 

156,476 

6,926,481 

81, 139 

31,626 

411,736 

33,663 

1,619,387 

4,009,802 

32,456 

1,614,585 

117,534 

55,683 

281,647 

34,729 

453,910 



21,409,734 



4,409,845 

2,143,241 

1,560,917 

47,186 

15,023 

777,562 

734,766 

501,443 

3,478,609 
308,602 

7,382,540 



21,409,734 



65,780,lCr7 
1,009,312 



3,033 

95 

549 

51,236 

63,541 

25,507 

1,944 

52,421 



4,308 

32,468 

69,114 

374,605 



67,473,290 



56,685,785 
630,580 
906,291 
264,504 
103,756 
89,667 
155,652 
493,922 

13,729 
331,759 

12,859 
353,426 

72,188 

20,767 

2,797 
5,630,735 



1,649,373 

1,649,324 

32,190 



703,793 
1,045 



704,838 



945,035 



296,315 
50,115 



2,934,894 
5,917,037 

247,396 
7,166,536 

167,675 

18,990 

666,268 

26,414 

1,428,114 

7,994,340 

45,051 

3,314,602 

22,223 

7,507 

757,745 

71,078 

547,563 



24,154,871 



3,054,153 

1,229,073 

1,867,874 
79,054 
26,969 

1,289,627 
981,659 
836,449 

4,464,033 
427,851 

9,898,129 



24,154,871 



65,950,680 
493,670 



10,848 

76 

1,171 

78,318 

142,759 

2,536 

1,512 

60,286 

5,290 
28,283 

9,583 
647,920 



67,432,932 



49,268,905 
215,955 
1,033,942 
1,066,263 
203,676 
135,576 
153,635 
678,685 

29,763 

539,045 

2,189 

992,316 

134,477 

36,927 

4,292 
10,582,639 



65,133,340 



2,299,592 

2,298,421 

35,709 



1,026,841 

1,000 



1,027,841 



1,271,751 



504,601 
58,743 



603,303 

365,275 

6,818 

1,019,190 

33,592 

2,255 

49,840 

2,080 
196,177 

1,643,628 

3,712 

658,639 

4,535 

1,355 

106, 304 

11,112 

101,024 



3,473,341 



655,092 

80,630 

328,411 

6,051 

1,203 

213,924 

135,987 

213,503 

480,972 

58,458 

1,299,060 



3,473,341 



18,701,777 
49,872 



851 

28 

634 

4,844 

11,406 

481 

65 

11,079 

347 

2,189 

6 

43,817 



18,827,396 



15,168,413 

27,725 

99,420 

162,693 

57,392 

7,296 

18,457 

135,503 

5,833 

139,174 

198 

125,245 

36,663 

18,167 

1,007 
2,402,449 



18,406,140 



421,256 

420,622 

5,191 



202,991 
348 



203,339 



217,917 



31,091 
21,276 



980,127 
2,086,199 

136,873 

2,387,106 

61,462 

7,029 

503,999 

4,376 

575,353 

2,355,237 

11,709 

1,167,250 

1,363 

293 

300,385 

19,729 

133,409 



8,600,154 



364,919 

172,736 
651,370 
36,752 
11,251 
586,054 
247,992 
366,192 

1,513,317 
231,078 

3,918,493 



:, 600, 154 



15,814,146 
66,743 



7,215 

16 

92 

28,052 

60,607 

235 

23 

19,567 

409 

12,821 

8,905 

168,314 



10,362,387 

17,203 

100,348 

325,119 

57,078 

33,248 

44,171 

229,064 

10,551 

152,415 

164 

408,503 

75,457 

4,769 

499 
3,395,497 



15,216,473 



970,677 

970,585 

3,420 



482, 4b6 

130 



290,459 

7,706 



265,465 
499,597 

13,242 
749,241 

11,775 

3,032 

36,824 

4,433 

147,126 

579,350 

4,261 

265,483 

1,173 

643 

30, 170 

5,220 

45,903 



340,809 

35,593 

145,134 

6,611 

1,775 

104,180 

63,435 

75,850 
381,906 

15,444 
870,443 



4,323,150 
34,409 



777 

7 

82 

2,279 

22,116 

283 

56 

2,309 

348 

4,661 

641 

72,774 



4,463,892 



2,792,153 

12,741 

119,506 

215,853 

12,273 

12,039 

9,835 

51,591 

3,145 

46,813 

11 

111,844 

4,624 

2,336 

278 
913,271 



4,308,413 



155,479 

155,397 

5,447 



60,612 
40 



60,652 



94,827 



28,005 

4,727 



124,720 

726,785 

23,527 

388,761 

5,754 

550 

10,977 

2,681 

76,842 

208,922 

1,525 

90,029 

258 

152 
25,315 

1,518 
31,690 



177,972 

134,834 

104,467 

4,130 

3,723 

46,415 
157,344 

32,778 
293,839 

41,330 
487,703 



1,434,540 



2,287,453 
32,935 



359 



135 

5,927 

4,614 

38 



1,442 

206 

945 

1 

119,559 



2,453,761 



1,480,293 

5,071 

100, 106 

57,405 

6,821 

19,021 

11,343 

29,451 

1,486 

18,336 

71 

75,358 

1,293 

968 

334 
557,473 



33,426 

33,291 

3,865 



31,960 



11,138 

3,062 



444,204 
763,672 

17,621 
974,698 

20,530 

2,186 

20,903 

5,669 

162,324 

869,804 
5,923 

316,363 
3,329 
1,303 

151,905 
3,444 

104,017 



270,666 

359,395 
231,889 

12,807 

3,920 

134,233 

121,791 

36,091 
605,311 

26,753 
1,332,564 



3,185,975 



13,268,548 
153,259 



544 



82 

22,043 

15,597 

193 

942 

12,047 

1,696 

2,001 

17 

99,423| 



11,341,429 
76,084 
221,762 
91,595 
20,530 
21,074 
33,108 
83,699 

3,049 

75,694 

418 

147, 196 

4,505 

4,232 

1,059 
1,214,661, 



241,247 

241,1651 

3.'il51 



93,377i 
6o! 

93,437{ 



28,365 
10,649, 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



115 



RETtRNS WITH BALANCE SHEETS AND NET INCOME 

Tftble 19.~aALANCE SHEETS AND RELATED INCOME STATEMENTS, BY MAJOR INDUSTRUL GROUP— Continusd 



Major industrial grz'up — Continued 



Trad e — Cont inued 



Retail — Conti nued 



Drug 
stores 



Eating and 
drinking 
places 



Building 
materials 

and 
hardware 



Other 
retail 
trade 



Trade not 
allocable 



Finance, Insurance, real estate, and lessors 
of real property 



Total finance, 

insurance,* 

real estate, 

and lessors of 

real property 



Total finance 



Banks and 

trust 
companies 



Credit 

agencies 

other than 

banks 



(52) 



(53) 



(5i) 



(55) 



(56) 



(57) 



(58) 



(59) 



Number of returns with balance sheets and with 
net ioccoe . 

Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Govemoent obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investjDents 

Depreciable assets 

Less: Accuimilated amortization 

Less: Accumulated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^ 

Prepaid income^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Stirplus reserves 

Surplus and undivided profits 

Total liabilities 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.... 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans 

AiDounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets. — 
Other deductions 

Total compiled deductions 

Coo^iled net profit ('V6 less 63) 

Net income (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax '. 

Total tax 

Compiled net profit less total tax (64 less 69) 
Dividends paid; 

Cash and assets other than o«n stock 

Corporation's own stock 



71,920 

50, 573 

502 

221,222 

3,361 

527 

5,357 

851 

29,047 

197,721 

1,037 

89,235 

1,035 

7,282 

2,357 
13,411 



513,446 



86,062 

14,800 

43,243 

498 

61 

27,503 

15,144 

12,252 

107,042 

4,904 

201,937 



513,446 



1,429,171 
9,867 



418 

5,276 

57 

30 

854 

8 

1,597 

11,561 



1,458,994 



973,740 

2,588 

40,644 

45,167 

5,052 

473 

2,24« 

18,001 

836 

16,216 

25 

17,826 

2,477 

747 

114 
285,328 



1,411,482 



47,512 

47,5C4 
3il 



19,486 
36 



10,591 
1,249 



14,221 



32,628 



13,579 



(Thousand doltara) 



109,622 

47,793 

202 

48,372 

7,979 

550 

6,692 

744 

39,267 

469,785 
4,217 
205,357 
3,225 
1,218 
36, 393 
8,674 
27,486 



595,588 



76,197 

36,441 

70,839 

2,228 

253 

37,084 

30,000 

16,241 

123,401 

4,707 

198,197 



595,588 



1,649,080 
31,123 



204 

3 

19 

742 

5,252 

644 

27 

2,813 

343 

1,058 

10,591 



1,701,899 



859,807 
13,909 
60,652 
73,737 
18,404 
488 
4,256 
34,027 

887 
38,925 
55 
13, 337 
2,741 
1,998 

270 
510,949 



67,457 
67,438 

5,736 



25,246 
205 



11,185 

564 



178,494 
688,801 
20,290 
771,686 
6,331 

1,003 

16,736 

2,877 

92,559 

497,391 
2,403 
228,440 
3,723 
781 
57,529 
2,855 
32,653 



2,100,724 



254,441 

183,822 

115,094 
5,169 
617 
62,969 
57,346 
34,539 

529,870 
16,550 

840,307 



2,100,724 



4,027,528 
31,745 



397 

12 

30 

6,831 

7,332 

356 

126 

5,803 

1,307 
1,698 

10 
47,583 



4,130,758 



3,099,888 
21,196 
138,571 
24,581 
10,919 
17,036 
14,782 
43,881 

1,949 
41,288 

1,163 
29,502 

2,423 

1,765 

228 
527,644 



153,942 

153,912 

2,447 



56, 183 
57 



22,145 

6,540 



206,539 
688,342 

23,321 
606,310 

11,891 



14,935 

2,703 

108,919 

667,502 
5,264 

293,806 
3,027 

1,313 
42,462 
16,169 

57,970 



2,104,873 



160,272 

177,427 

4,808 

4,166 

77,215 
147, 570 

49,003 
428,375 

28,622 
699,420 



4,449,822 
78,667 



354 

6 

89 

7,182 

10,559 

249 

150 

4,372 

626 
1,313 

3 
74,298 



3,190,790 
39,438 
157,933 
70,113 
14,657 
24,901 
15,435 
53,468 

2,032 

59,684 

84 

63,505 

4,289 

1,895 

503 
775,367 



153,596 

153,507 

5,347 



21,622 

2,970 



300,670 
923,183 

27,750 
841,190 

11,706 

1,775 

39,435 

3,058 

143,983 

885,107 
3,610 
385,475 
4,842 
1,535 
89,310 
7,015 
52,709 



2,885,613 



542,491 

210,751 
194,702 
5,064 
2,340 
126,670 
130,291 

83,899 
560,681 

34,426 
994,296 



85,613 



7,178,733 
179,961 



838 

27 

44 

5,996 

18,357 

1,419 

265 

7,019 

419 
5,105 



5,685,041 
54,674 
151,743 
63,908 
24,614 
18,015 
18,002 
79,841 

2,422 

71,439 

668 

79,002 

8,899 

2,203 

1,400 
967,131 



229,326 
229,282 

7,168 



91,254 

148 



91,402 



137,924 



37,115 

5,438 



49,796,240 

98,756,946 

988,415 

37j494 

99,615 

16,857,686 

88,251,768 

4,089,740 
105,089,692 

16,580,828 

96,145 

4,172,381 

589,827 

218,496 

3,812,889 

419,789 

7,523,108 



386,430,185 



3,843,384 

7,257,136 

15,577,746 

106,169 

114,777 

1,061,120 

305,887,646 

1,202,536 

13,383,554 

3,526,555 

34,469,562 



386,430,185 



146,910 
10,999,678 



1,710,385 
92,707 
367,156 
7,149,966 
2,552,628 
170,066 
43,402 

915,137 

555,912 

1,102,842 
47,448 
318,397 



26,172,634 



97,490 

3,320,047 

1,184,630 

310,888 

165,653 

378,514 

2,106,039 

1,003,770 

37, 521 
708,189 

66,876 
177,492 
174,114 

47,775 

32,823 
7,796,174 



8,564,639 

8,197,433 

74,387 



2,067,788 
631 



2,068,419 



6,496,220 

1,986,297 
179,117 



45,704,565 

96,085,022 

968,144 

1,798 

31,098 

11,580,036 

73,098,460 

4,001,401 

25,577,426 

2,378,664 

13,116 

417,842 

183,510 

71,329 

244,785 

325,829 

1,746,609 



259,488,772 



2,372,383 

5,479,097 

6,777,404 

41,691 

56,890 

577,318 

212,853,061 

814,839 

8,366,496 

2,799,690 

19,344,403 



259,488,772 



8,577 
2,368,576 



1,337,206 
88,099 
251,060 
4,647,149 
161,668 
45,584 
37,083 

720,433 

132,944 

726,608 

43,146 

183,256 



5,600 
169,877 
736,913 
123,625 
37,560 
365,720 
1,694,120 
233,039 

24,252 
157,433 

26,028 
121,414 
141,792 

23,524 

28,715 
2,905,330 



3,905,947 

3,654,887 

25,011 



1,221,485 
266 



1,221,751 



1,484,720 
148,928 



43,810,395 

82,125,310 

762,949 

15,527 

11,263,001 

71,644,654 
3,779,250 
9,829,825 

1,943,754 

2,743 

273,909 

1,783 

468 

159,649 

301,257 

1,324,605 



225,159,941 



23,791 

92,336 

54,067 

23,987 

31,738 

237, 577 

206,557,691 

23,784 

4,257,899 

1,961,700 

11,895,371 



225,159,941 



1,302,087 

86, 561 

235,507 

3,700,052 

139,345 

2,413 

26,318 

41.-',006 

11,173 
39,526 

202 
83,873 



6,921,884 



549 

564,509 

75,106 

33,432 

238,748 

1,100,319 

221,242 

18,499 

128,864 

447 

84,061 
121,756 

19,938 

27,569 
1,985,118 



4,620,157 



2,301,727 

2,066,220 

11,589 



867,970 
73 



868,043 



1,433,684 



517,114 
98,344 



(60) 



1,271,179 

13,175,014 

203,421 

590 

11,551 

43,394 

438,232 

72,574 

5,527,745 

183,224 
655 
51,992 
12,875 
2,032 
36,314 
2,978 
170,373 



20,688,493 



1,586,011 

4,740,653 

5,877,820 

13,215 

24,588 

244,276 
4,537,301 

270,792 
1,270,332 

417,003 
1,706,5,02 



20,688,493 



2,962 
1,162,651 



11,940 

122 

1,135 

356,758 

7,410 

17 

1,533 

23,073 

2,328 
23,576 

9,089 
42,138 



2,144,732 



1,362 
21,472 
95,119 
36,980 
2,767 
125,706 
546,862 
42,042 

2,801 
21,336 
187 
31,986 
13,349 

2,708 

530 
641, 174 



558,351 

557,216 

7,416 



;48,076 
188 



184,0U 
22,578 



71 
72 



6ee footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



116 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH BALANCE SHEETS AND NET INCOME 

T»ble 19 BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY MAJOR INDUSTRIAL GROUP— Continued 



Major industrial group — Continued 



Finance, insurance, real estate, and lessors of real property — Continued 



Finance — Continued 



Holding and 

other 
investment 
companies 



Security and 
commodity- 
exchange brokers 
and dealers 



Insurance carriers** and agents 



Total insurance 

carriers* and 

agents 



Insurance 
carriers* 



Insurance 
agents and 



Real estate, 
except lessors 

of real 
property other 
than buildings 



Lessors of 

real property, 

except 

buildings 



Number of returns with balance sheets and with 
net income . 

Assets: 

Cash 

Notes and accounts receivable 

Less : Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization. 

Less: Accumulated depreciation. 
Depletable assets 

Less: Accumulated depletion.... 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid income 1 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common ^ 

Surplus reserves 

Surplus and undivided profits.... 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other then capital assets.. 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts. 



Total compiled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property. 

Repairs 

Bad debts 

Interest paid 

Taxes paid 



Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans... 
Amounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets. 
Other deductions 



Total compiled deductions.. 

Compiled net profit (A6 less 63). 

Net income (64 less 36) 

Net operating lose deduction 

Income tax 

Excess profits tax' 

Total tax 



Compiled net profit leaa total tax {64 lees 69). 
Dividends paid: 

Cash and aesete other than own stock 

Corporation's own stock 



(61) 



463,520 
459,231 

1,346 
1,208 
2,019 

222,944 

469,835 

10,705 

9,736,034 

214,904 
9,620 
71,428 

168,249 
68,508 
37,672 
19,022 
78,117 



11,752,558 



295,581 

241,666 

586,018 

2,831 

299 

73,266 

,386,515 

494,383 

!, 736,947 

408,748 

',526,304 



5,615 
52,864 



11,809 
56 

3,543 
85,174 
13,942 
43,068 

7,889 

273,694 

6,011 
651,633 

33,472 
43,585 



4,238 

8,688 

20,846 

3,340 

668 

569 

31,306 

11,965 

2,237 
4,562 
25,324 

805 
2,043 

246 

444 
150,669 



267,950 



969,405 

965,862 

3,048 



82,770 



773,421 
25,794 



(62) 



(63) 



(64) 



(65) 



(66) 



1,142 



f Thousand dollars) 



139,471 

325,467 
428 

1,001 

50, 197 

545,689 
138,872 
483,822 

36,782 

98 

20,513 

603 

321 

11,150 

2,572 

173,514 



467,000 

404,442 

259,499 

1,658 

265 

22,699 
376,554 

25,880 
101,318 

12,239 
216,226 



1,887,780 



11,370 

1,360 

10,875 

5,165 

971 

86 

1,343 

5,660 

113,432 

11,873 
383 

13,660 



447,418 



139,168 
56,439 
8,199 
693 
697 
15,633 
7,790 

715 

2,671 

70 

4,562 

4,644 

632 

172 
128,869 



370,954 



76,464 
65,589 
2,958 



10,171 
2,212 



2,841,659 

692,898 

5,133 

16,322 

3,748 

5,220,330 

14,919, 3C» 

50,180 

75,561,879 

988,839 

361 

56,493 

699 

496 

19,267 

42,670 

5,260,634 



105,555,951 



513,223 

48,973 
44,131 
14,836 
11,442 
83,923 

92,086,464 

34,313 

1,416,230 

513,865 

10,788,546 



105,555,951 



63,823 
7,080,862 



366,114 

4,535 

114,762 

2,437,689 

239,437 

215 

1,261 

62,308 

1,975 

340,355 

3,449 

37,514 



51,233 

2,702,209 

171,768 

70,962 

4,250 

5,526 

12,327 

222,828 

3,691 
89,796 
227 
19,955 
25,916 
21,424 

1,471 
3,758,952 



7,162,535 



3,591,764 

3,477,002 

9,732 



487,082 
46 



487, 128 



296,687 
18,521 



2,615,359 

240,531 

1,887 

15,908 

1,182 

5,217,287 

14,899,083 

48,178 

75,400,290 

898,039 

72 

26,867 

261 

259 

9,971 

20,662 

5,216,585 



104,554,251 



75,113 

24,772 
27,054 
11,395 
10,692 
58,978 

91,972,994 

13,667 

1,307,909 

489,910 

10,561,767 



104,554,251 



60,975 
6,436,527 



365,491 

4,527 

114,712 

2,433,793 

235,903 

47 

1,171 

57,009 

1,609 

333,493 

2,046 

24,226 



10,071,534 



49,086 

2,594,751 

55,680 

51,278 

3,125 

2,210 

10,697 

212,649 

2,431 
80,486 
220 
12,595 
20,406 
19,886 

979 

3,444,750 



6,561,229 



3,510,305 

3,395,593 

8,079 



458,518 
15 



277,169 
14,705 



226,300 
452,367 

3,246 
414 

2,566 

3,043 

20,226 

2,002 

161, 589 

90,800 
239 

29,626 

438 

237 

9,296 

22,008 

44,049 



1,001,700 



438,115 

24,201 

17,077 

3,441 

750 

24,945 
113,470 

20,646 
108,321 

23,955 
226,779 



2,848 
644,335 



623 

8 

50 

3,891 

3,534 

168 

90 

5,299 

366 
6,862 

1,403 
13,288 



682,765 



2,147 

107,458 

116,088 

19,684 

1,125 

3,316 

1,630 

10,179 

1,260 
9,310 
7 
7,360 
5,510 
1,538 

492 

314,202 



601,306 



31,459 

81,409 

1,653 



28,564 
31 



23,595 



19,518 

3,816 



1,171,696 

1,893,468 

14,785 

17,499 

62,676 

51,642 

185,828 

34,859 

3,722,008 

11,589,569 

66,433 

3,515,527 

45,898 

14,084 

3,403,961 

41,328 

464,214 



19,073,812 



904,053 

1,695,714 

7,986,316 

48,991 

32,282 

361,775 

897,984 

237,507 

2,840,331 
195,993 

3,822,856 



19,073,812 



64,592 
1,543,202 



5,759 

70 

1,194 

62,313 

2,057,348 

4,251 

4,909 

115,571 

420,366 

32,629 

662 

90,642 



33,237 
446, 124 
269,472 
113,601 
121,279 
7,232 
376,236 
472,381 

9,268 
444,660 
1,690 
36,040 
5,916 
2,666 

2,605 
1,107,207 



954,394 

953,200 

38,450 



310,402 
290 



310,692 



145,810 
11,280 



(67) 



78,320 

85,558 

353 

1,875 

2,093 

5,678 

43,171 

3,300 

228,379 

1,623,756 

16,230 

182,519 

359,720 

132,587 

144,876 

9,962 

51,651 



2,311,650 



53,715 

33,352 

769,895 
651 
14,163 
37,604 
45,137 
65,877 

760,497 
17,002 

513,757 



9,918 
7,038 



1,306 

3 

140 

2,315 

94,175 

120,016 

149 

16,825 

627 
3,250 

191 
6,985 



7,420 

1,837 

6,477 

2,700 

2,564 

36 

23,356 

25,522 

310 

16,300 

38,931 

83 

490 

161 

32 
24,185 



150,404 



112,534 
112 , 394 

1,194 



43,819 
29 



48,848 



63,686 

59,080 71 
388 



See footnotes at end of table. See text for explanatory atateraenta and for 'Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



117 



RETl'RNS WITH BALANCE SHEETS AND NET INCOME 

T«bl« 19.— BALANCE SHEETS AND BELATED INCOME STATEMENTS, BV MAJOR INDUSTRIAL GROUP— Continued 



Major industrial i^roup — Continued 



Services 



Total 
services 



Hotels and 
other 
lodging 
places 



Personal 
services 



Business 
services 



Automotive 

repair 

services 

and garages 



Miscel- 
laneous 
repair 
services, 
hand trades 



Motion 
pictures 



Amusement, 

except 

motion 

pictures 



Other 

services, 

including 

schools 



Nature of 
business 

not 
allocable 



Number of returns with balance sheets and with 
net income . 

Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other Investments 



Depreciable assets 

Less: Accumulated amortization. 

Less: Accumulated depreciation. 
Depletable assets 

Less: Accumulated depletion. .. . 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid income^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common* 

Surplus reserves 

Surplus and undivided profits.... 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
(less amortizable bond premium): 

Wholly taxable ; 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net 

long-term capital loss. 
Net long-term capital gain reduced by net 

short-term capital loss. 
Net gain, sales other than capital assets.. 

Dividends, domestic corporations 

Dividends, foreign corporstions 

Other receipts 



Total compiled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans... 
Amounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets. 
Other deductions 



Total compiled deductions.. 

Compiled net profit (46 less 63). 

Net income (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax ^ 



Total tax. 



Compiled net profit less total tax (64 less 69). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(69) 



(70) 



(71) 



(72) 



(73) 



(74) 



(75) 



(76) 



32,779 



3,167 



1,608 



3,078 



(Thojiand dollars) 



1,055,108 
1,189,404 

28,853 
486,865 

58,566 

16,570 

169,528 

16,107 

1,200,657 

5,185,930 

31,020 

2,323,757 

17,342 

5,843 

591,608 

59,857 

277,782 



7,935,851 



767,350 

411,089 

1,511,052 

18,789 

14,520 

381,832 

415,702 

184, 113 

1,237,721 

163,117 

2,830,566 



7,935,851 



,222,308 
;,283,138 



3,987 

9 

1,310 

12,694 

220,123 

24,652 

1,351 

37,719 

3,434 

24,811 

8,875 

106,719 



9,951,130 



719,032 

4,724,414 

443,349 

308,215 

111,894 

16,803 

72,146 

235,910 

9,264 

402,145 

967 

152,728 

45,001 

12,766 

3,789 

1,921,503 



9,179,926 



771,204 

769,894 

27,432 



317,201 
1,452 



452,551 



156,102 
15,585 



140,258 
111,229 
1,675 
28,215 
11,108 

3,328 

19,552 

3,063 

221,796 

1,542,630 

4,377 

649,544 

2,152 

412 

220,436 

3,400 

49,130 



1,70C,289 



77,812 

90,145 

563,022 

1,410 

649 

71,135 

64,530 

49,773 

251,735 

24,768 

505,310 



1,700,289 



450,500 
737,607 



479 

1 

49 

3,210 

106,061 

7 

87 

11,664 

654 

3,741 

15 

14,776 



252,146 
269,016 
27,973 
65,225 
45,866 
2,834 
24,295 
57,759 

1,599 

78,390 

160 

22,651 

2,674 

3,296 

240 
376,341 



111,404 
131,938 

2,450 
60,463 

8,729 

1,554 

17,332 

1,646 

58,482 

649,965 
2,861 
307,829 
2,336 
1,064 
36,856 
10,806 
44,737 



822,044 



88,648 

46,287 

85,986 

2,375 

594 

40,153 

38,656 

24,417 

175,204 

9,151 

310,573 



822,044 



203,793 
1,216,203 



343 

2 

32 

1,146 

3,320 

653 

9 

3,678 

339 
1,792 



1,437,537 



105, 
703, 
85, 
'1, 
16, 
3, 



556 
586 
025 
551 
156 
602 
316 
495 

418 
194 
252 
366 
819 
957 

329 
,438 



1,230,465 1,357,060 



98,386 

98,337 

3,664 



39,480 
138 



20,296 
3,278 



,439 
227 



327,976 

495,542 

14,404 

57,527 

10,386 

7,155 

41,421 

5,199 

327,965 

918,844 

2,654 

400,615 

1,860 

856 

23,821 

20,809 

75,004 



1,899,982 



319,106 

96,610 
228,282 
4,983 
3,597 
103,029 
140,342 

38,293 
258,267 

34,438 
673,035 



1,899,982 



200,722 
2,855,371 



946 

2 

1,070 

2,373 

26,647 

10,100 

994 

7,430 

600 

12,307 

1,931 

20,771 



137,109 

1,656,708 

174,975 

54,825 

14,587 

3,863 

11,481 

39,415 

2,287 

98,700 

41 

18,666 

26,808 

2,834 

597 
669,684 



228,684 
227,614 

5,102 



94,533 
264 



39,856 

55,352 

808 

17,393 

4,716 

357 

1,995 

527 

19,732 

411,097 

6,432 

154,026 

724 

275 

40,431 

1,664 

14,899 



447,207 



38,290 

49, 152 

140,947 

5,538 

2,581 

14,444 

13,162 

12,168 

61, 576 

2,700 

106,649 



447,207 



90,365 
338,197 



80 

1 

63 

769 

30,548 

411 

60 

5,164 

71 
691 



57,679 
159,744 
23,493 
31,374 
4,994 
803 
7,940 
13,204 

328 
65,406 
127 
3,846 
436 
333 

910 

67,015 



33,803 

33,740 

1,564 



11,558 
52 



133,887 



44,592 
2,449 



2,972 
1,563 



20,111 

36,098 

1,045 

25,248 

742 

68 

1,816 

402 

4,048 

53,240 

892 

24,154 

474 

163 

2,657 

407 

3,505 



122,562 



16,248 

5,633 
7,774 

258 

209 
7,898 
9,594 

931 
26,165 

345 
47,457 



122,562 



92,120 
183,097 



106 

1,354 

32 

104 



568 

3 
5 



59,598 

122,239 

18,576 

5,065 

1,355 

847 

643 

4,653 

72 

5,685 

5 

2,782 

266 

598 

33 

42,841 



265,258 



13,397 

13,397 

728 



4,908 
14 



236,891 

213,553 

2,835 

271, 5U 

14,899 

219 

45,290 

1,246 

489,039 

1,026,920 
11,156 
551,340 
1,437 
1,055 
193,829 
13,211 
50,429 



1,992,088 



147,328 

69,448 

337,317 

1,930 

■2,310 

82,565 

79,399 

40,060 

256,491 

70,521 

854,719 



80,790 
1,652,400 



859 

1 

16 

3,884 

42,434 

8,132 

55 

4,376 

70 
5,255 
6,768 

38,759 



44,920 
1,138,559 
35,102 
67,506 
15,063 
1,603 
15,282 
41,623 

1,085 

61,411 

1 

55,459 

4,461 

1,176 

1,183 
194,567 



1,679,006 



164,803 

164,787 

5,086 



72,799 
512 



45,321 

3,021 



104,274 

42,299 

548 

8,002 

4,539 

2,078 

25,650 

1,191 

49,125 

382,254 

1,795 

157,467 

7,692 

1,818 

53,302 

5,053 

22,210 



546,041 



39,161 

34,155 
62,053 
545 
1,480 
28,468 
32,303 
11,096 

128,713 
11,071 

196,991 



546,041 



46,405 
596, 379 



571 

1 

29 

338 

6,483 

4,151 

29 

3,505 

1,639 
733 

1 
9,754 



25,471 

302,726 

27,770 

23,138 

9,596 

953 

3,795 

34,368 

1,873 

27,908 

378 

15,054 

927 

530 

414 

110,135 



85,472 

85,443 

4,183 



37,853 
199 



38,052 



47,420 



19,500 
2,300 



74,338 
103,393 

5,088 
13,501 

3,445 

1,811 

16,472 
2,833 
30,470 

200,980 

853 

78,782 

667 

260 

15,276 

4,507 

17,868 



405,633 



40,757 

19,659 

35,566 

1,750 

3,100 

34,140 

37,716 

7,325 

79,570 

10,123 

135,832 



405,633 



57,613 
703,884 



683 

1 

51 

368 

3,276 

1,166 

13 

1,334 

58 
237 

160 
10,167 



779,061 



36,553 
371,836 

50,435 

19,531 
4,277 
2,293 
2,394 

13,393 

597 
13,451 
3 
11,904 
6,610 
1,042 

78 
178,482 



712,879 



66,182 

66,131 

3,183 



9,135 
1,363 



(77) 



17,578 

60,056 

231 

4,333 

59 

126 

3,238 
1,967 
14,961 

23,732 
3 
6,024 
3,411 
1,147 
3,796 
1,937 

25,983 



154,372 



34,254 

15,550 
7,375 
250 
2,684 
4,252 

17,940 
2,592 

27,272 
918 

40,684 



154,372 



22,012 
45,809 



85 

2 

18 

668 

1,255 

119 

570 

3,258 

619 

157 

36 

2,779 



77,398 



15,611 

15,636 

7,383 

1,118 

435 

225 

1,304 

1,373 

57 
1,853 
207 
849 
70 
22 

18 
16,572 



14,165 

14,147 

644 



9,602 



2,696 

150 



^Sum reported on returns with balance sheets filed for tax years beginning after Dec 
^Capital stock which was not definitely designated as either common or preferred was 
^e excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated 
annual accounting periods ended July throu^ November 1954 and returns for part years 
*For treatment of life and mutual insurance coii5)anie3, see text, p. 17. 
NOTE: See text for explanatory statements and for "Description of the Sample and Limitatlona of Data 



31, 1953 and ending on or before June 15, 1955. See this item in textual discussion, p. 11. 
tabulated under common stock, 
for this report was the tax on income earned before that date and reported on returns for 
which began in 1953. 



118 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



RETURNS WITH BALANCE SHEETS AND NET INCOME 

TlilU 20.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY SIZE OF TOTAL ASSETS 





Item 


3i2^ of total assets 






Total 


Under 
$25,000 


$25,000 

under 
$50,000 


$50,000 

under 

$100,000 


$100,000 

under 
$250,000 


$250,000 

under 
$500,000 


$500,000 
under 

$1,000,000 


$1,000,000 

under 
$2,500,000 








(1) 


(2) 


(3) 


(4) 


(5) 


(6) 


(7) 


(8) 




1 


419,679 


69,224 


60,772 


77,717 


98,554 


46,370 


26,551 


19,803 


1 


ABsets: 

Cash 












( TTiousanc 


dbiiaraj 










2 


76,086,421 
147,688,470 

2,116,734 
54,834,777 

1,760,285 

17,322,074 

104,ce2,817 

4,608,317 

131,759,256 

230,825,198 
3,374,591 

78,151,472 
7,028,152 
3,064,320 
8,663,383 
1,273,573 

14,294,971 


179,802 

198,669 

2,621 

123,598 

5,940 

825 
2,656 

1,236 

44,250 

458,415 
8,331 

211,392 
21,687 
14,655 
42,822 
10,077 
47,534 


341,100 

503,982 

7,800 

363,717 

13,968 

1,826 

7,431 

2,860 

126,684 

1,070,005 
12,407 
446,311 
25,678 
12,511 
144,612 
21,299 
89,756 


761,404 

1,319,957 

20,792 

925,091 

31,684 

3,697 

28,640 

9,819 

X5,234 

2,673,414 
19,769 
1,046,038 
47,899 
25,334 
388,441 
35,676 
180,044 


1,865,808 
3,942,359 

75,888 
2,644,622 

33,629 

16,649 

127,584 

34,602 

1,178,491 

7,145,430 
46,369 

2,772,829 
83,415 
39,054 

1,065,746 

77,540 

445,756 


1,842,288 

4,273,985 

84,967 

2,860,886 

87,909 

22,699 

238,426 

53,992 

1,352,790 

6,960,558 

34,939 

2,769,721 

101,429 

40,331 

1,023,067 

49,240 

439,015 


2,153,956 

4,906,150 

95,438 

3,054,636 

90,654 

88,074 

611,242 

94,083 

1,735,827 

7,402,325 

53,805 

2,988,561 

167,915 

67,576 

951,864 

60,994 

443,309 


4,119,148 
8,131,147 

131,193 
4,369,042 

120,339 

329,071 
2,641,867 

513,135 
3,303,331 

9,683,401 

59,194 

4,023,609 

254,639 

96,687 

956,802 

85,554 

664,712 


2 

3 


i, 
5 

6 




4 




5 




6 


Investments, Government obligations: 


7 


8 
9 
10 

11 
12 
13 
U 
15 
16 
17 




8 




9 




in 




11 




I? 




13 




14 




15 




16 




17 


Other assets 


18 


1<) 


Total assets 


713,530,577 


900,512 


2,233,889 


5,639,117 


15,777,491 


16,376,326 


18,605,649 


30,861,505 


19 


20 

21 
22 
23 
24 
25 

26 
27 
23 
29 

in 


Liabilities: 


31,317,296 

17,791,911 

72,373,142 

992,287 

367,589 

13,028,323 

319,733,566 
13,468,408 
77,809,164 
10,843,064 

150,800,327 


157,493 

80,017 

108,395 

2,505 

1,713 

46,567 

60,414 
11,875 
398,393 
4,479 
28,661 


326,613 

182,134 

284,519 

5,184 

2,637 

93,549 

124,166 

29,145 

706,361 

11,402 
468,179 


770,813 

457,442 

787,251 

16,125 

9,501 

207,807 

279,490 

75,052 

1,486,804 

34,575 
1,514,257 


2,077,134 

1,378,756 

2,318,235 

39,429 

28,186 

567,823 

795,902 
233,603 

3,583,178 
115,267 

4,639,978 


2,123,964 

1,514,604 

2,361,476 

43,291 

33,318 

607,731 

972,526 
318,595 

3,104,627 
146,960 

5,149,234 


2,074,668 

1,631,284 

2,405,976 

47,342 

34,836 

710,339 

1,930,484 

403,371 

3,132,155 

240,234 
5,994,410 


2,635,793 

2,025,867 

2,995,718 

89,519 

49,405 

1,017,995 

7,738,110 
682,952 

4,214,184 
397,335 

8,964,577 


20 




'1 




?? 




?3 




24 




25 




?6 




'7 




58 




29 


Surplus and undivided profits 


30 


n 


Total liabilities 


713,530,577 


900,512 


2,233,889 


5,639,117 


15,777,491 


16,376,326 


18,605,649 


30,861,505 


31 


32 
33 

3i 
35 
36 
37 

38 
39 
40 
41 
42 
43 
44 


Receipts: 


383,824,906 
72,632,147 

1,975,260 
95,555 
381,261 

7,607,606 

3,797,705 
512,196 
60, 306 

1,771,993 
605,913 

2,230,743 
606, 4W 

2,712,656 


1,791,164 
974,263 

516 

2 

2 

3,361 

61,603 
4,792 
1,417 

12,075 

15,945 

1,369 

216 

23,290 


3,981,833 
1,222,664 

225 

1 

10 

5,512 

109,149 
5,105 
1,145 
13,517 
35,644 
3,364 
24 
39,613 


9,554,442 
2,299,233 

1,397 

16 

173 

17,787 

249,931 
6,426 
2,039 
24,759 
69,533 
4,996 
396 
81,489 


26,566,349 
5,005,131 

4,366 

68 

472 

64,501 

591,456 

19,132 

3,511 

64,015 

120,664 

20,836 

1,974 

249,000 


27,426,390 
4,278,299 

6,141 

97 

1,120 

98,952 

480,699 

18,516 

2,061 

58,509 

92,696 

21,510 

709 

266,110 


27,933,166 
4,195,733 

16,067 

223 

2,707 

123,762 

400,294 

21,517 

2,989 

73,697 

68,435 

37,748 

1,189 

267,243 


35,187,119 
5,163,263 

62,247 

704 

8,991 

278,741 

371,761 

46,231 

5,369 

102,955 

67,510 

80,209 

2,844 

350,636 


3? 




33 


premium): 


34 




35 




36 




37 




38 




39 


Net short-term capital gain reduced by net long-term capital loss 
Net long-term capital gain reduced by net short-term capital loss 


40 
41 
42 




43 




44 




45 


46 




478,814,711 


2,890,015 


5,417,811 


12,312,672 


32,712,025 


32,752,309 


33,150,775 


41,723,580 


46 


47 
48 
49 
50 


Deductions: 


290,065,620 
41,934,492 

7,263,676 

3,958,523 

4,471,908 

879,505 

4,60e,C91 
10,815,110 
306,840 
11,547,106 
2,089,346 
4,926,384 

2,653,229 

315,955 

103,745 

52,358,682 


1,270,928 

523,846 

243,596 

101,795 

15,900 

4,271 

10,053 
46,399 
647 
49,C»5 
1,949 
27,149 

698 

936 

713 

471,429 


2,918,784 
700,048 
357,972 
124,060 
27,483 
10,919 

23,991 
87,523 

1,507 
93,859 

1,376 
49,651 

1,543 

2,527 

759 

731,517 


7,263,810 

1,363,733 

657,515 

206,175 

58,501 

27,793 

56,895 

185,469 

4,183 

215,040 

2,887 

101,662 

4,708 

6,263 

1,930 

1,637,959 


20,882,807 

3,184,179 

1,308,149 

370, 198 

145,284 

73,521 

166,887 
456,633 

12,547 
536,801 

13,348 
264,191 

18,280 

19,819 

4,524 

3,973,534 


21,882,780 

2,846,2(» 

1,001,957 

299,395 

136,662 

69,960 

175,275 
432,653 

14,864 
495,604 

17,486 
250,542 

30,913 

23,301 

4,539 

3,807,936 


22,235,093 

2,806,413 

812,681 

261,844 

147,065 

63,133 

185,721 
451,379 

18,922 
508,034 

23,889 
277,846 

52,503 

27,372 

4,202 

3,314,901 


27,671,596 
3,434,222 
809,315 
280,422 
210,921 
75,609 

244,959 
623,875 

30,353 
647,770 

64,600 
412,849 

104,535 

43,221 

6,413 

4,842,343 


47 




48 




49 




50 




51 


52 

53 
54 
55 
56 




52 




53 




54 




55 




56 




57 


58 




53 


59 
60 
61 
6' 




59 




60 




61 


Other deductions 


62 


61 


Total compiled deductions 


A39,2'^t,272 


2,769,409 


5,133,524 


11,794,523 


31,430,702 


31,500,076 


31,691,498 


39,503,203 


63 


65 
66 




39,516,439 

39,137,178 

423, 374 


120,606 
120,604 
27,515 


234,287 
234,277 
25,367 


518,144 
517,966 
37,546 


1,281,323 

1,280,351 

63,507 


1,252,233 

1,251,113 
42,511 


1,459,277 

1,456,570 

39,010 


2,225,377 
2,216,386 

33,080 


64 




65 


Net operating loss deduction 


66 


67 
68 




16,645,457 
36,823 


25,469 


60,630 
27 


143,488 
107 


390, 149 
989 


445,366 
1,633 


592,430 
2,059 


979,976 
3,264 


67 




68 


m 


Total tax 


16,682,285 


25,469 


60,657 


143,595 


391,138 


446,999 


594,499 


983,240 


69 


70 

71 
72 




22,836,154 

11,526,838 
1,311,537 


95,137 

18,932 
434 


173,630 

26,906 
1,187 


374,549 

56,431 

3,198 


390,185 

146,716 
29 , 376 


805,234 

168,642 
44,055 


864,773 

220,232 
52,813 


1,242,137 

374,271 
84,833 


70 


Dividends paid: 


71 


Corporation' 3 own slock ■ 


72 



Sec footnotes at end of table. See text for explanatory sta'ements and for "Description of the Sample and Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



119 



RETtRNS WITH BALANCE SHEETS AND NET INCOME 

T«bl« 20.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY SIZE OF TOTAL ASSETS— Cootiou«d 



Number of returns with balance sheets and with net income 

Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and si4)plies 

InvestiDents, Govemiuenl obligations: 

States, Territories, and United States possessions 

United States obligations 

Not stated 

Other investments 

Depreciable assets 

Less: Accumulated amortisation 

Less: Accismilated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses*^ 

Prepaid income i 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits 

Total liabilities 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less amortizable bond 
premium): 

Wholly taxable 

Siibject to surtax only 

Wholly tax-exenpt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term capital loss 
Net long-term capital gain reduced by net short-term capital loffi 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed under other employee benefit plans 

Net loss, sales other than capital assets 

Other deductions 

Total compiled deductions 

Compiled net profit (46 less 63) 

Net income (64 less 36) 

Net operating loss deduction 

Income tax 

Excess profits tax' 

Total tax 

Conpiled net profit less total tax (64 less 69 ) 

Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



Size of total assets — Continued 



$2,500,000 


$5,000,000 


$10,000,000 


$25,000,000 


$50,000,000 


$100,000,000 


$250,000,000 




under 


under 


under 


under 


under 


under 




$5,000,000 


$10,000,000 


$25,000,000 


$50,000,000 


$100,000,000 


$250,000,000 






(9) 


(10) 


(11) 


(12) 


(13) 


(U) 


(15) 




3,939 


5,085 


3,384 


1,244 


634 


477 


375 


1 


(Thouaand doltara) 




4,510,254 


5,130,184 


6,765,979 


5,226,190 


5,462,347 


8,081,566 


29,646,395 


2 


8,202,205 


8,990,726 


12,337,778 


9,938,069 


9,539,066 


14,973,302 


60,431,075 


3 


110,937 


126,613 


177,699 


151,358 


133,269 


199,591 


798,563 


4 


3,386,260 


3,344,345 


4,850,328 


3,576,153 


3,387,107 


5,852,126 


15,596,366 


5 


104,496 


99,225 


135,712 


116,222 


117,878 


133,266 


619,363 


6 


766,074 


1,349,830 


1,800,756 


1,639,686 


1,518,947 


2,187,331 


7,596,609 


7 


4,178,941 


6,464,027 


9,969,198 


8,071,136 


8,792,103 


12,484,845 


50,474,721 


8 


855,199 


141,908 


271,816 


187,463 


240,425 


409,368 


1,792,411 


9 


3,333,382 


3,9f>6,542 


6,452,207 


5,871,654 


7,677,468 


10,308,993 


86,012,353 


10 


7,805,667 


8,180,391 


12,616,537 


11,246,936 


14,182,108 


23,787,296 


117,612,715 


11 


62,716 


87,547 


168,026 


140,257 


173,067 


272,204 


2,230,960 


12 


3,149,302 


3,177,674 


4,735,354 


4,209,703 


4,316,620 


7,042,375 


36,761,433 


13 


312,796 


333,024 


555,391 


635,541 


495,477 


398,104 


3,595,157 


U 


98,057 


119,901 


185,220 


319,547 


237,786 


155,077 


1,652,534 


15 


632,793 


522,536 


623,032 


364,412 


313,476 


589,459 


1,039,321 


16 


60,655 


81,380 


93,771 


73,210 


62,667 


55,311 


506,199 


17 


572,959 


539,794 


311,905 


797,262 


1,112,536 


1,527,753 


6,622,636 


18 


31,300,669 


35,632,677 


52,023,111 


42,923,069 


48,035,363 


73,118,973 


340,101,726 


19 


1,898,912 


1,708,555 


2,133,893 


1,605,354 


1,685,132 


2,369,147 


9,699,325 


20 


1,372,432 


1,350,415 


1,418,679 


967, 108 


1,159,079 


1,553,000 


2,701,094 


21 


2,457,380 


2,371,349 


3,555,278 


3,043,435 


4,067,446 


8,656,213 


36,960,466 


22 


56,875 


67,317 


85,047 


66,017 


80,678 


121,482 


270,976 


23 


30,934 


22,336 


24,321 


16, 178 


25,322 


23,460 


65,392 


24 


831,757 


842,390 


1,278,530 


1,017,888 


1,234,069 


1,928,039 


7,643,839 


25 


12,536,332 


16,345,021 


24,248,270 


20,462,0X 


21,881,264 


33,300,583 


179,058,970 


26 


596,464 


585,252 


993,096 


1,009,230 


1,110,530 


2,184,362 


5,234,731 


27 


3,306,992 


3,227,113 


4,442,038 


3,476,833 


4,403,591 


6,978,134 


35,348,761 


28 


457,879 


609,638 


946,190 


872,151 


957,396 


1,268,310 


4,786,098 


29 


7,754,712 


8,503,191 


12,897,769 


10,336,841 


11,431,256 


.14,736,238 


58,331,524 


30 


31,300,069 


35,632,677 


52,023,111 


42,923,069 


48,035,863 


73,113,973 


340,101,726 


31 


24,742,081 


23,520,504 


30,148,613 


23,193,570 


23,196,764 


30,868,613 


95,713,293 


32 


3,622,632 


3,926,475 


3,302,603 


3,453,877 


4,123,517 


7,014,961 


23,549,496 


33 


100,713 


128,135 


195,891 


156,123 


157,940 


240,538 


904,961 


34 


2,861 


2,777 


4,603 


5,287 


7,074 


10,626 


61,216 


35 


13,719 


28,381 


38,445 


32,854 


36,984 


44,590 


167,308 


36 


320,664 


398,648 


553,600 


473,700 


439,215 


648,504 


4,175,659 


37 


242,696 


104,336 


138,933 


61,164 


84,618 


183,796 


716,719 


38 


30,697 


36,170 


69,782 


34,899 


72,993 


31,172 


114,714 


39 


3,659 


2,577 


5,831 


3,813 


3,930 


6,303 


15,662 


40 


115,654 


118,647 


200,264 


155,697 


196,486 


173,333 


451,385 


41 


24,759 


24,602 


15,923 


18,962 


5,195 


7,947 


38,098 


42 


89,316 


90,529 


217,805 


137, 582 


250,934 


192,753 


1,081,742 


43 


6,081 


7,542 


26,403 


25,595 


66,959 


72,932 


393,600 


44 


226,234 


211,245 


204,309 


154,152 


124,430 


158,754 


356,096 


45 


29,546,816 


28,601,063 


35,623,005 


27,912,275 


23,767,089 


39,659,822 


127,740,449 


46 


19,224,845 


17,937,980 


22,211,373 


16,872,971 


17,343,020 


22,901,820 


69,397,813 


47 


2,342,585 


2,536,120 


2,140,969 


2,065,528 


2,185,786 


3,649,026 


12,155,323 


43 


464,226 


356,011 


351,071 


203,081 


150,754 


193,066 


354,282 


49 


196,595 


182,103 


234,895 


174,003 


179,295 


283,330 


1,064,408 


50 


182,059 


210,334 


354,437 


339,393 


333,873 


478, 176 


1,326,720 


51 


53,139 


52,816 


74,904 


57,325 


44,335 


68,773 


203,062 


52 


213,939 


227,931 


331,851 


262,024 


290,255 


483,238 


1,933,017 


53 


475,108 


577,715 


313,216 


802,468 


612,979 


991,998 


4,257,690 


54 


24,744 


24,416 


34,105 


24,219 


19,362 


23,238 


73,733 


55 


478,269 


499,218 


713,694 


587,653 


664,675 


1,124,836 


4,932,553 


56 


55,960 


59,459 


111,354 


133,622 


113,366 


105,557 


1,384,293 


57 


315,962 


331,681 


501,713 


364,949 


335,505 


565,902 


1,066,782 


58 


109,049 


130,234 


220,467 


181,215 


192,405 


273,642 


1,328,037 


59 


38,314 


46,453 


68,872 


51,232 


55,029 


65,287 


366,329 


60 


5,921 


5,352 


8,059 


8,070 


5,612 


6,617 


41,034 


61 


3,418,442 


3,347,454 


4,346,169 


3,335,340 


3,372,042 


4,554,970 


11,154,645 


62 


27,599,657 


26,575,377 


32,517,199 


25,463,098 


25,953,293 


35,774,476 


111,540,232 


63 


1,947,159 


2,025,691 


3,105,806 


2,449,177 


2,813,796 


3,885,345 


16,200,217 


64 


1,928,440 


1,997,310 


3,067,361 


2,415,323 


2,776,812 


3,840,756 


16,032,409 


65 


26,731 


22,112 


37,366 


11,260 


14,190 


25,922 


12,757 


66 


371,329 


922,815 


1,395,510 


1,106,713 


1,220,127 


1,783,541 


6,707,914 


57 


2,574 


2,742 


5,409 


4,164 


2,396 


4,212 


6,742 


63 


873,903 


925,557 


1,400,919 


1,110,377 


1,223,023 


1,767,753 


6,714,656 


69 


1,073,256 


1,100,1X 


1,704,887 


1,333,300 


1,590,773 


2,097,593 


9,485,561 


70 


366,026 


454,123 


801,877 


717,754 


947,764 


1,323,560 


5,393,534 


71 


63,324 


57,454 


107,850 


W,360 


110,493 


57,168 


629,432 


72 



^SuiT, reported on returns with balance sheets filed for tax years beginning after Dec. 31, 1953 and ending on or before June 15, 1955. See this item in textual discussion, p. IL 
^Capital stock which was not definitely designated as either common or preferred was tabulated under common stock. 

'The excess profits tax law tenriinated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before tnat date and reported on returns for 
annual accounting periods ended July through November 1954 and returns for part years which began in 1953. 
NOTE: See text for explanatory statements and for "Description of the Sample and Liniitations of Data." 



120 



ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



MANIFACTHRING AND TRADE CORPORATION RETURNS 

Table 21.— BEGINNING AND ENDING INVENTORIES. RELATED GROSS SALES AND TOTAL ASSETS. AND AGGREGATE GROSS SALES, FOR SELECTED INDUSTRY GROUPS 



Number of 
returns 



Total m(i.-;ui ;j .luring 

and trajt- 
eorporation returns 



Gross sales 



(Thousand 
dollars) 



Number of 
returns 



Manufacturing and trade L:orpoiation rirturns 
with balance sheets 



Gross sales 



{ Thousand 
dollars) 



Total assets 



(Thoussnd 
dollars) 



Inventories, 
end of year 



(Thousi 
dolls, 



Retui'ns with both beginning und end of year inventory iati 



Number of 
returns 



Gross sales 



(Thousand 
dollars) 



Total assets 



(Thousand 
dollsra) 



Inventories, 

beginning of 

year 

(Thousand 

dollars) 



Inventories, 
end of year 



(Thousand 
dollars) 



IV) 



(10) 



Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture. 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 
Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordnance, 
machinery, and transportation equipment 

Machinery, except transportation equipment 
and electrical 

Electrical machinery and equipment 

Transportation equipment, except motor 
vehicles 

Motor vehicles and equipment, except 
electrical 

Ordnance and accessories 

Scientific instruments; photographic 
equipment; watches , clocks 

Other manufacturing 

Trade 

Wholesale 

Retail 

Not allocable 



120,896 



259,962,455 



115,820 



256,699,367 



181,890,701 



39,872,109 



94,053 



251,539,927 



178,327,823 



41,200,624 



2,759 
10,289 

172 

5,270 

13,750 

5,684 
4,598 
2,737 
14,158 
7,356 

715 

793 

2,520 

4,284 

3,241 

11,775 

11,716 
3,937 

1,206 

1,1A9 



2,027 
10,672 



238, 523 



7,324,198 
36,378,094 

3,672,699 
11,543,621 

8, 592, 162 

5,057,305 
3,422,743 
8,428,728 
3,081,053 
18,624,840 

26,629,593 
4,523,354 
3,049,953 
6,519,612 

19,158,344 

13,553,606 

20,674,404 
14,210,441 

10,165,523 

20,206,785 
435,098 

3,821,587 
5,883,707 

168,073,142 



2,660 

9,791 

169 

5,111 

13,076 

5,346 
4,443 
2,658 
13,410 
6,993 
705 
752 
2,443 
4,079 
3,133 

11,490 

11,272 

3,774 



1,121 
77 



1,970 
10,237 



7,293,027 
36,211,902 

3,640,733 
11,401,214 

8,520,530 

4,988,500 
3,378,296 
3,276,561 
7,991,690 
18,406,425 

25,535,623 
4,490,027 
3,016,153 
6,484,287 

19,061,664 



20,533,030 
U,094,017 



10,013,028 



19,969,549 
339,742 



3,772,311 
5,823,733 



4,097,844 
12,928,923 
2,896,230 
3,623,017 
3,369,364 

3,704,799 
1,745,726 
7,184,262 
5,806,973 
16,623,583 

28,812,881 
2,912,388 
1,488,053 
5,456,300 

17,731,799 



16,013,7X 
9,352,591 



12,400,063 
201,886 



2,690,560 
3,323,842 



59,131,799 



1,108,390 
3,340,541 
1,925,229 
2,325,268 
1,229,241 

305,392 
499,522 
933,340 
690, 334 
2,913,965 

2,599,989 
824,465 
513,062 
862,025 

3,192,549 

2,265,517 

4,689,372 
2,610,292 



2,433,325 
63,009 



826,127 
990,030 



18,138,316 



2,392 
3,353 
144 
4,267 
9,815 

4,379 
3,900 
2,392 
9,303 
5,985 

549 

652 

2,137 

3,556 

2,652 

9,384 

9,032 
3,235 



1,000 
61 



1,682 
8,273 



7,184,547 
35,490,458 

3,634,186 
11,066,199 

8,034,317 

4,764,534 
3,258,532 
8,179,985 
7,435,769 
17,720,396 

25,254,055 
4,465,268 
2,959,173 
6,372,758 

18,836,694 

13,163,324 

20,174,503 
13,977,954 



19,843,107 
333,371 



3,723,465 
5,621,897 



154,366,544 



3,928,204 
12,607,404 
2,892,731 

8,413,170 
3,177,143 

3,551,714 
1,693,077 
7,092,198 
5,340,696 
16,173,109 

28,529,305 
2,898,184 
1,467,291 
5,327,553 

17,565,220 

7,956,236 

15,715,785 
9,287,070 

6,294,579 

12,350,079 
193,935 

2,656,289 
3,211,801 

54,919,361 



1,165,419 
3,291,892 
1,879,912 
2,307,642 
1,236,226 

733,291 
502,376 
945,315 
707,733 
2,804,026 

2,500,088 
826,745 
525,690 
846,780 

3,235,590 

2,435,095 

5,131,900 
2,957,299 

2,145,695 

2,896,844 
74,760 

882,230 
1,017,876 

17,587,795 



(11) 



39,372,322 



1,101,531 
3,285,331 
1,924,736 
2,293,130 
1,194,982 

736,580 
487,926 
975,243 
633,391 
2,828,946 

2,560,686 
822,315 
507,731 
841,497 

3,159,174 

2,229,622 

4,635,238 
2,594,818 

2,124,639 

2,473,429 
62,555 

820,600 
973,222 

17,507,381 



77,064 

139,953 

21, 506 



80,366,732 

79,308,759 

8,402,601 



73,884 

128,953 

19,959 



79,288,106 
77,892,195 

8,283,169 



26,933,902 

28,789,635 

3,408,262 



3,342,120 
3,793,866 
1,002,330 



52,705 
107,622 

14,167 



73,055,363 

74,174,020 

7,637,161 



24,317,019 
27,434,239 

3,163,103 



7,973,249 
8,682,633 

931,363 



8,073,725 

8,470,204 

963,452 



NOTE: See text for explanatory stataneits and for "Description of the Sample and Limitations of Data." 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



121 















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122 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



CORPORATIONS FILING FIRST RETtRN IIN 1954 

TftbU 38.— NEW BUSINESSES AND SUCCESSOR BUSINESSES, BY MAJOR INDUSTRIAL GROUP 



Major industrial group 



Total 
active 

corporation 
returns 



All Industrial groups. 



Agriculture, forestry, and fishery. 
Farms and agricultural services.. 

Forestry 

Fishery 



Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petroleum and natural gas production. 
Nonmetallic mining and quarrying 

Construction 



Manufacturing 

Beverages 

Food and kindred products 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products 

Petroleum and coal products 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordnance, machinery, 

and transportation equipment. 
Machinery, except transportation equipment and electrical 

Electrical machinery and equipment 

Transportation equipment, except motor vehicles 

Motor vehicles and equipment, except electrical 

Ordnance and accessories 

Scientific instruments; photographic equipment; watches, 

clocks. 
Other manufacturing 

Public utilities 

Transportation 

Communication 

Electric and gas utilities 

Other public utilities 

Trade 



W'holesale 

Commission merchants. 
Other wholesalers.... 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefurnlshings. 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 



Trade not allocable 

Finance, insurance, real estate, and lessors of real 
property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity-exchange brokers and dealers... 

Insurance carriers and agents 

Insurance carriers 

Insurance agents and brokers 

Real estate, except lessors of real property other than 
buildings. 
Lessors of real property, except buildings 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand tradea 

Motion pictures 

Amusement, except motion pictures 

Other services, including achools 

Nature of biislnesa not allocable 



8,779 

7,971 

262 

5i6 

9,585 

1,018 

uo 

4,852 

2,151' 

36,130 

120,896 
2,759 
10,289 

172 
5,270 
13,750 

5,684 
4,598 

2,737 

U,158 

7,356 

715 

793 
2,520 
4,284 
3,241 

11,775 

11,716 

3,937 
1,206 
1,149 



10,672 

29,122 
21,456 

4,433 
1,148 
2,085 

238,523 

77,064 
10,731 
66,333 

139,953 
10,597 
7,545 
18,469 
13,186 

25,218 
5,916 
18,644 
15,992 
24,386 

21,506 

205,339 



47,602 

14,680 

24,418 

6,899 

1,605 

12,890 
3,004 
9,886 

139,821 

5,026 

64,845 
7,474 
12,540 
15,792 

6,151 

3,587 
5,712 
6,785 
6,804 

9,586 



Number of first returns 



(2) 



74,095 

793 
(Al 

(M 

116 

1,117 
253 

86 
523 
255 



9,630 
137 
705 

288 
1,203 

i49 
390 
135 
925 

i84 

(M 

65 
Ul 
367 
159 

1,118 

1,073 



370 
106 
95 

UO 



(M 



1,220 

2,258 

1,376 

203 

(M 

157 

25,378 

7,352 
1,261 
6,091 

14,767 
1,498 
565 
1,681 
1,447 

2,771 
480 
2,634 
1,460 
2,231 

3,259 

17,790 



2,344 
56 

1,668 
410 
210 

1,009 
92 

917 

14,144 

293 

8,261 

936 

1,240 

2,259 

759 

520 

498 

1,091 

958 

2,733 



bus iness 



(3) 



430 
334 



(M 



672 
163 



(M 



332 

167 



5,111 
(1) 
284 

148 
799 

226 
196 
55 
472 
297 



(M 



93 

127 
61 
539 

578 
233 



(M 

(M 
(M 



701 

1,140 
1,006 
(M 

(M 

91 

12,575 

4,057 

862 

3,195 

6,587 
721 
332 
878 
684 

1,091 
231 

1,232 
519 
899 

1,931 

12,786 



1,634 
CM 

1,126 
305 
168 

439 
57 
382 

10,470 

243 

4,745 
538 
611 

1,379 
401 

248 
346 
611 
611 

1,711 



Successor business by form of previously existing business 



22,962 

285 
255 

(M ' 

339 

70 

64 
143 
62 



3,499 
78 
347 

111 
321 

YN 

145 
67 
338 
138 

(M 

(M 
(M 

190 
59 

481 

396 

93 

(M 

(M " 

382 

838 

641 
140 

(M 

(M 

10,143 

2,499 

293 

2,206 

6,782 
650 
194 
611 
611 

1,428 

212 

1,222 

781 
1,073 

862 

2,570 

357 
(M 
271 
53 

(M 

464 
(M 
450 



(M 

2,692 
341 
541 
678 
207 

239 

77 
357 
252 



Corporation 



(5) 



4,344 



(M 



(M 
(M 

(M 
(M 

182 
670 
(M 



(M 

(M 

(M 
(M 
(M 

Cl 
(M 

(11 



(M 
(M 



140 
86 

(M 
(M 
(M 

2,093 

374 



1,521 
156 



156 
108 



391 
95 
138 

198 

593 

114 
91 

{M 



Partnership 



Sole pro- 
prietorship 



(') 



80 
387 



522 
75 
60 

1<K 
90 



(M 
(') 



(M 



7,440 
108 



(M 



189 

60 



(M 



1,377 

(M 

104 

(M 



('1 

1 

('1 

(M 

(H 

(M 
(M 



83 
101 



217 
168 



(M 
(M 
(M 



243 
177 
60 

(M 

3,279 

980 
91 
889 

2,066 

213 

84 

125 

222 

403 

83 

243 

292 

401 

233 

603 

114 
85 



(M 
(M 



73 
416 



736 
49 
166 
207 



(') 



(M 
(M 



130 
120 



(M 
(M 
(11 
1,063 

1,127 
(M 
152 



(M 



125 
64 



(M 



111 
54 



(M 
(M 
(M 
(M 



(M 
(M 
(M 

(M 



395 

XO 



(M 
(M 



919 
149 
770 

2,611 

236 

(') 

283 

222 

533 
67 
473 
X6 
407 

372 

896 



(M 
(') 

(M 



290 
549 



1,207 

176 

235 

356 

76 

107 



(M 



137 

90 



(M 
(M 



(M 



(M 

(M 



(11 
(M 



(M 



- 


IM 
(M 




172 


69 

1 


256 

(1) 


3 


(M 
(1) 


1 


2 

(1) 


- 


(H 
(M 



(M 
(M 

(M 
(1) 
(M 
(M 



(M 



56 

3 
153 



Whether new 

or successor 

not stated 



(91 



(M 

(1) 



(M 
(M 



(1) 



(') 
(1) 



(M 
(1) 
(1) 
(M 



1,796 



(M 

(M 



(11 
(11 
(11 



(M 
(M 



(1) 
(M 



(11 



720 
175 

163 
489 



(1) 
(M 



(M 



71 
56 
325 



(M 
(1) 



(M 



(') 

(M 

1 


2 

(1) 
(!) 



(M 



^Sampling variability of this Item was too large to warrant showing it separately. However, this value was included in each total. 
NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



ACTIVE CORPORATION INCOME TAX RCTURNS-1954 



123 



CONSOLIDATED RETIRNS 



TaUa 94.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY INDUSTRIAL DIViaON 



Returns 
without 
balance 
sheets 



Returns with balance sheets by indaatrlel division 



AU 
Industrial 
divisions 



Agricul- 
ture, 
forestry 



Mining 

and 

quarrying 



OonstruD- 
tlon 



Manufac- 
turing 



Public 
utilities 



Finance, 

Insurance, 

real estate, 

and lessors 

of real 

property 



Nature of 
business 

not 
allocable 



NuTiber of consolidated returns. 
Number of subsidiaries 



Assets: 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 
States, Territories, and United States 
possessions. 

United States obligations 

Not stated 

Other investments 

Depreciable assets 

Less: Accumulated amortization 

Less: Accumulated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^. 

Prepaid income^ 

Accrued expenses 



Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits. 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations 
amortizable bond premium^: 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalt ies 

Net short-term capital gain reduced by 

net long-term capital loss. 
Net long-term capital gain reduced by 

net short-terra capital loss. 
Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Conipensatlon of officers 

Rent paid on business property 

Repairs 

Bad debts 



Interest paid 

Taxes pa id 

Contributions or gifts 

Depreciation and amortization. 

Depletion 

Advert is Ing 



Amounts contributed under pension plans. 
Amounts contributed under other employee 
benefit plans. 

Net loss, sales other than capital assets 
Other deductions 



Total compiled deductions... 

Compiled net profit or net loss (47 

less 641. 
Net income or deficit {65 less 37K. 
Net operating loss deduction 

Income tax 

Excess profits tax* 



Total tax. 



Compiled net profit less total tax t65 

less 70). 
Dividends paid: 

Cash and assets other than own stock. 

Corporation's own stock 



(4) 



(6) 



(7) 



(8) 



J2L. 



(10) 



(11) 



2,723 
10,416 



71 
263 



2,652 
10,153 



1C» 
342 



116 
294 



744 
2,610 



259 
1,626 



615 
1,991 



579 
1,959 



210 
1,292 



(Thaitaand dolltra) 



40,572,276 
20,817,318 



86,026 

2,414 

10,384 

311,423 

526,121 
91,154 

5,087 

154,771 

50,209 
579,892 
187,894 
293,864 



31,390,971 

12,043,418 

219,623 

844,995 

893,632 

86,648 

1,105,686 

2,072,332 

33,066 

2,875,938 

873,997 

409,130 

646,324 
200,822 

30,917 
5,472,550 



59,205,049 



4,473,4CC 

4C,152 



2,226,263 
294 



2,257,227 



2,405,366 
416,473 



94,433 
25,646 



2,518 

377 

10 



145 
324 



126, 506 



62,706 

18,941 

1,603 

2,828 

1,476 

276 

1,849 
3,787 
23 
4,490 
4,489 
919 

285 
8(X 

339 

20,972 



125.787 



719 
635 



1,324 

5 



1,290 



5,157,460 
9,173,266 

272,318 
6,183,318 

493,535 

280,463 

5,825,359 

152,658 

11,322,752 

79,775,975 

637,109 

23,662,365 

3,254,491 

1,618,206 

1,153,013 

198,997 

2,089,633 



98,870,926 



4,828,629 

2,011,823 

27,018,147 

169,804 

47,515 

3,430,613 

7,255,544 

3,223,534 

23,527,943 

2,078,199 
25,275,175 



98,870,926 



40,477,843 
20,791,672 



85,881 

2,408 

10,384 

3C9,857 

523,603 
90,277 

5,077 

154,333 

50,064 
579,568 
187,894 
293,466 



31,323,265 

12,024,477 

218,020 

842,167 

892,156 

86, 372 

1,103,837 

2,068,545 

33,043 

2,871,448 

874, 508 

408,211 

646,039 
200,018 

30, 578 
5,451,573 



4,472,681 
39,517 



2,224,939 
289 



,401,076 
418,473 



5,663 
9,796 



2,815 

125 



8,276 



15,020 

4,130 

326 

14 

1,506 

1,309 



4,233 
7,123 
2,570 

643 

17,425 

1,347 

3,435 

952 

6,394 



44,892 



9,011 
1,184 



419 
37 



11,689 



6,736 
510 
459 
119 
272 
5 

491 

365 

9 

772 

12 



1,597 



212 
61 



61 



85,574 
126,720 

3,750 
89,464 

8,372 



32,1'^ 

1,112 

187,559 

1,015,393 

501,672 

433,102 

229,822 

15,208 

17,493 

34,947 



73,885 

59,536 

284,177 

2,816 

73 

62,698 

21,844 
56,459 

250,097 
69,843 

427,106 



1,313,539 



706,755 
68,557 



695 

5 

2,057 

7,759 

6,089 

273 

7,680 

3,307 

4,547 

159 

10,730 



818,687 



506,112 
47,521 
7,513 
6,145 
13,697 
1,826 

13,497 
26,537 
78 
40,027 
47,296 
2,365 

18,591 
1,534 

2,396 

93,848 



'10,296 

^10,370 
1,422 



5,428 
2 



5,430 



'15,726 



14, 



397 



33,265 

173,811 

314 

10,814 

2,102 



40,620 

173,449 

272 

38,887 

9,194 

186 

12,677 

481 

13,817 



439,106 



71,728 

33,438 
132,484 

121 

82 

7,752 

78,452 
7,134 

35,698 
6,966 

65,251 



439,106 



18,374 
443,421 



29 

631 

6,782 

1,640 

83 

1,110 

1,014 

3,901 

563 

7,464 



485,162 



14,881 

375,542 

8,628 

1,694 

3,304 

442 

5,108 

5,360 

142 

U,63C 

332 

998 

2,235 

260 

60 

42,187 



9,359 



9,330 
2,607 



2,971 



6,918 
13 



1,985,084 
4,054/573 

210,895 
3,970,630 

304,333 

30,437 

2,279,780 

75,206 

5,441,089 

23,205,104 

217,892 

10,537,082 

2,670,891 

1,338,185 

495,438 

115,190 

500,864 



32,825,061 



2,749,886 

484,617 
4,897,396 

110,292 

42,320 

1,081,593 

703,339 

784,674 

8,630,523 

1,145,436 

12,194,485 



32,825,061 



30,514,009 
1,455,721 



31,396 

89 

1,895 

56,423 

166,545 

44,578 

661 

69,613 

2,366 
443,565 
152,466 

114,296 



33,053,623 



23,319,592 
804,388 
93,309 
258,138 
800,159 
24,867 

190,151 
627,626 
18,860 
1,112,321 
737,512 
254,177 

313,536 
122,165 

17,962 
2,490,754 



31,235,567 



1,816,161 

ii,i:46 



340, 188 

lie 



1,041,917 
412,794 



1,496,297 

1,209,783 

15,707 

1,339,875 

138,515 



1,635,261 

75,129 

3,147,534 

52,666,101 

407,391 

11,688,502 

98,838 

37,932 

280,465 

34,879 

1,173,954 



51,151,767 



1,154,182 

442,906 

19,072,886 

49,166 

910 
2,078,340 

2,034,043 
2,159,725 
13,699,293 

550,278 
9,910,038 



51,151,767 



1,911,648 
16,595,149 



21,860 
803 
301 

70,183 

230,822 

20,144 

2,694 

30,778 

17,736 
74,855 
12,237 
100, 399 



19,089,605 



1,507,888 

9,702,385 

31,681 

418,061 

41,190 

25,025 

687,544 

1,255,030 
10,675 

1,555,225 
35,470 
49,249 

278,699 
64,218 

4,172 
1,121,358 



16,788,370 



2,301,239 



2,30Ci,938 
12,849 



1,190,731 
1 



1,190,732 



1,138,214 
1,626 



293,202 
466,863 

13,385 
553,515 

16,846 

6,177 



195,066 

752,203 

7,223 

295,314 

14,786 

3,082 

52,156 

13,674 

92,613 



2,228,872 



146,477 

292,719 

890 

480 
70,823 

121,306 
125,044 
249,435 
39,491 
761,966 



7,149,873 
196,776 



122 
6,612 

25,484 
826 
225 

6,684 

2,143 

6,681 

8,925 

22,753 



5,856,031 
128,447 
32,226 
87,055 
10,931 
9,873 

19,656 
58,541 
1,559 
49,215 
862 
59,884 

19,084 
8,214 

1,530 

1,004,417 



7,347,530 



81,428 



81,306 
4,513 



53,673 



38,936 
1,576 



1,075,464 

2,992,936 

25,820 

19,436 

11,225 



1,735,335 

1,211 

1,778,316 

1,185,958 

336 

215,227 

26,729 

8,895 

129,994 

4,093 

229,322 



245,249 

798,757 

1,950,122 

3,137 

3,214 

58,945 

4,224,485 

55,868 

478,754 

205,237 

1,152,761 



9,176,530 



73,508 
935,017 



29,294 

1,493 

7,955 

170,415 

44,955 
8,965 
1,021 

33,244 

23,490 
38,619 
7,134 
11,434 



57,480 
186,638 
28,907 
25,211 
10,764 
22,210 

173,423 

62,265 

1,114 

60,900 

3,006 

9,207 

8,062 
2,411 

2,519 
541,962 



1,196,084 



182,505 
4,221 



82,165 
20 



108,275 



118,139 
1,621 



132,326 
138,773 
2,445 
196,719 
11,516 



35,484 

528,718 

762,751 

3,995 

381,551 

625 

86 

155,569 

13,132 

42,793 



1,691,(>;9 



107,507 

41,807 

381,240 

812 

431 

69,818 

54,090 
33,283 

179,977 
59,996 

762,088 



1,691,049 



94,665 
1,095,847 



556 

1 

6 

3,204 

40,837 

7,993 

30 

5,020 

1 

7,397 

6,410 

26,083 



59,545 
778,546 
15,297 
45,744 
11,839 
2,119 

12,961 
32,821 
606 
39,358 
18 
32,232 

5,718 

1,201 

1,939 

155,442 



92,613 
2,798 



46,210 
131 



42,005 
446 



(12) 



60 
731 
^14 



110 



- 72 
73 



^Sum reported on returns with balance sheets filed for tax years beginning after Dec. 31, 1953 and ending on or before June 15, 1955. See this Item In textual discussion, p. 11. 
^Capital stock which was not definitely designated as either common or preferred was tabulated under common stock. ^I/3S3 or deficit. 

*The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on Income earned before that date and reported on returns for 
annual accounting periods ended July through November 1954 and returns for part years which began In 1953. 'Loss after total taxpayment. 

NOTE; See text for explanatory statements and for "Description of the Sajnple and Limitations of Data." 



448404 O - 57 -9 



124 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



CONSOLIDATED RETURNS WITH BALANCE SHEETS 

Tabu 25 BALANCE SHEETS AND RELATED INCOME STATEMENTS, BV SIZE OF TOTAL ASSETS 



Size of total assets 



Under 
$25,000 



$25,000 
under 
$50,000 



$50,000 

under 

$100,000 



$100,000 

under 
$250,000 



$250,000 

under 
$500,000 



$5CX),000 

under 

$1,000,000 



;-i,ooo,ooo 

under 
$2,500,000 



Number of consolidated returns with balance sheets 

Number of subsidiaries 

Assets: 

Cash 

Notes and accounts receivable 

Less ; Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United states possessions 

United States obligations 

Not stated 

Other investments 

Depreciable assets 

Less : AccuiDUlated aiaortizatlon 

Less : Accumulated depreciation 

Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets ' 

Total assets 

Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estijnated expenses^ 

Prepaid income^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits 

Total liabilities 

Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less amortizable bond 
premium ) : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-terra capital loss 
Net long-terra capital gain reduced by net short-term capital loss 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 

Total compiled receipts 

Deductions : 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed under other employee benefit plans 

Net loss, sales other than capital assets 

Other deductions 

Total compiled deductions 

Compiled net profit or net loss C'»7 less 64) 

Net income or deficit (65 less 37) 

Net operating loss deduction 

Income tax 

Excess profits tax 

Total tax 

Compiled net profit less total tax (65 less 70) 

Dividends paid: 

Cash and assets other than own stock 

Corporation ' s own s took 



2,652 
10,153 



5,157,460 

9,173,266 

272,318 

6,183,318 

493,535 

280,463 

5,825,359 

152,658 

11,322,752 

79,775,979 

637, 109 

23,662,365 

3,254,491 

1,618,206 

1,153,013 

198,997 

2,089,633 



98,870,926 



4,828,629 

2,011,823 

27,018,147 

169, 8tK 

47,515 

3,430,613 

7,255,544 
3,223, 5X 

23,527,943 
2,078,199 

25,279,175 



98,870,926 



40,477,843 
20,791,672 



85,881 

2,408 

10,384 

309,857 

523,603 

90,277 

5,077 

154,333 

50,064 

579,568 

187,894 

293,466 



63,562,327 



31,328,265 

12,024,477 

218,020 

842,167 

892,156 
86,372 

1,103,837 

2,068,545 

33. W3 

2,871,448 

874,508 

408,211 

646,039 

200,018 

30, 578 

5,451,578 



59,079,262 



4,483,065 

4,472,681 

39,517 



2,224,939 
289 



2,257,837 



2,401,076 
418,473 



(2) 



(3) 



(4) 



(5) 



(6) 



(7) 



90 

105 



148 
194 



334 

465 



377 
648 



362 

MO 



( Thouiand dollMri) 



328 

177 



3,587 



25 

51 

203 
32 
360 

'4,861 



1,683 
736 



2,448 



1,277 

236 

134 

103 

3 



^185 

'185 

12 



'190 
1 



520 

837 

33 

399 



478 
1,635 



55 
30 
146 



3,211 



656 
289 

10 

19 

287 

327 

266 

1,481 



3,211 



4,980 
5,195 



12 
146 



10,558 



3,647 

2,824 

792 

551 

55 

25 



2,073 



'131 
60 



1,087 

3,400 

19 

1,403 

65 



957 
4,566 



12 
650 
110 
667 



839 

2,567 
20 
40 
595 

881 

1,639 

2,554 

26 

'1,071 



10,746 



17,061 
6,007 



119 
39 
21 
50 

303 



23,850 



12,345 

2,281 

1,436 

970 

140 

146 

140 
381 



283 

65 

51 

33 

5,717 



24,468 



'618 

'618 

188 



6,829 

15,855 

299 

10,121 

494 



5,539 

26,208 

116 

12,813 

2 

2,264 

416 
3,127 



13,305 

7,829 

12,251 

169 

39 

3,785 

5,405 
1,549 

22,528 
338 

'9,137 



58,0d1 



106,733 
30,300 



277 

1,362 
346 
13 
543 
393 
237 
3 
855 



141,096 



81,054 
17,073 
4,984 
3,514 
584 
432 

965 

2,033 

13 

2,681 

7 

2,124 

128 

160 

367 

25,324 



141,443 



'347 
'347 
730 



'1,005 



650 
95 



12,451 

33,902 

890 

22,062 

1,369 

128 

577 

12,571 

72,792 
236 

36,928 
4,546 
4,188 
9,208 
2,054 
5,461 



134,879 



27,027 

19,425 

21,391 

134 

206 

5,905 

5,630 
6,168 

30,443 
2,684 

15,866 



134,879 



209,779 
59,018 



1,118 

2,107 

191 

45 

459 

1,770 

156 

11 

2,830 



277,499 



157,353 
38,456 
8,743 
6,025 
1,315 
1,722 

2,790 
4,426 

46 
6,029 

48 
5,060 

421 

360 

644 

46,381 



279,819 



'2,320 

'2,320 

1.755 



1,175 
6 



'3,501 



880 
226 



20,901 

58,202 

1,598 

43,108 

1,923 

658 
2,414 

28,693 

132,658 
1,531 
49,266 
3,278 
1,420 
13,250 
3,605 
9,417 



264,292 



37,241 

37,050 

56,709 

468 

224 

7,825 

15,303 

13,267 

48,924 

2,212 

45,069 



264,292 



354,231 
64,680 



19 
997 

4,821 
134 
137 

2,829 

918 

230 

3 

3,858 



432,970 



277,969 
41,205 
10,750 
7,639 
2,421 
1,394 

4,306 
6,928 
93 
8,980 
234 
4,692 

471 

411 

485 

66,938 



434,916 



'1,946 
'1,965 
2.225 



1,803 
3 



1,806 



'3,752 



1,777 
364 



(8) 



463 

1,261 



64,662 

130,466 

4,182 

96,767 

4,547 

1,404 
10,090 

126,000 

401,957 

630 

159,232 

12,577 

7,534 

24,467 

6,983 

25,481 



733,823 



77,517 

82,273 

231,023 

1,439 

1,297 

23,175 

36,351 
29,653 

119,749 
9,079 

122,267 



733,823 



748,948 
202,309 



31 
3,5X 

6,814 

1,133 

181 

2,354 

2,214 

836 

147 

8,870 



588,044 
126,027 
19,826 
14,019 
7,425 
3,368 

13,081 
21,393 
249 
28,373 
1,927 
11, 186 

2,089 

1,162 

2,545 

143,572 



984.286 



'6,695 
'6,726 
3.503 



6,857 
51 



6.908 



'13,603 



4,091 
365 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample end Limitations of Data. 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



125 



CONSOLIDATED RETURNS WITH BALANCE SHEET^i 

Table 2B.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY SIZE OF TOTAL ASSETS— Coatinued 



Size of total assets — Continued 



$2,500,000 

under 
$5,000,000 



$5,000,000 

under 

$10,000,000 



$10,000,000 

under 
$25,000,000 



$25,000,000 

under 
$50,000,000 



$50,000,000 

under 

$100,000,000 



$100,000,000 

under 
$250,000,000 



$250,000,000 
or more 



Number of consolidated returns 
Number of subsidiaries 



with balance sheets. 



Assets: 

Cash 

Notes and accounts receivable.. 

Less: Reserve for bad debts. 

Inventories 



Prepaid expenses and si^plies 

Investments, Government obligations: 
States, Territories, and United States 

Iftiited States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization.. 

Less: Accumulated depreciation.. 
Depletable assets 

Less: Accumulated depletion...-. 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities; 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^ . 

Prepaid income ^ 

Accrued expenses 



Other liabilities 

Capital stock, preferred 

Capital stock, ccmmon 

Surplus reserves 

Surplus and undivided profits. 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less amortizable bond 
premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exenrit 

Other interest 



Rents 

Royalties 

Net short-tenn capital gain reduced by net long-term capital loss 
Net long-term capital gain reduced by net short-term capital loss 

Net gain, sales other than capital assets 

Dividends , donestic corporations 

Dividends , foreign corporations 

Other receipts 

Total cOBipiled receipts 

Deductions: 

Cost of goods sold 

Cost of operations 

Conpensation of officers 

Rent paid on business property 

Repairs 

Bad debts 



Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and aoiortlzatlon. 

Depletion 

Advertising 



Amounts contributed under pension plans 

Amounts contributed under other employee benefit plans. 

Net loss, sales other than capital assets 

Other deductions 



Total compiled deductions 

Ccrapiled net profit or net loss (<i7 less 64). 

Net income or deficit (65 less 37) 

Net operating loss deduction 

Income tax 

Excess profits tax* 



Total tax. 



Compiled net profit less total tax (65 less 70). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



(9) 



267 
948 



81,934 

162,435 

5,566 

123,892 

8,006 

577 
11,959 

176,610 

456,113 

302 

167,944 

25,895 

14,449 

34,610 

6,084 

33,255 



933, 109 



92,268 

79,907 

324,553 

1,894 

1,614 

67,554 

54,386 
38,709 

115,713 
19,043 

137,468 



933, 109 



867,289 
210,683 



238 

21 
2,562 

1A,1(K 
1,098 
159 
4,848 
2,264 
1,354 
403 
8,910 



1,113,933 



663,476 
119,347 
19,015 
17, 596 
8,459 
5,368 

18,212 
23,684 
340 
29,164 
3,672 
26,260 

5,244 
1,813 
3,769 

179,428 



^10,914 

^10,935 

3,795 



9,456 



9,460 



'20,374 



8,412 
369 



(10) 



(11) 



(12) 



(13) 



(14) 



181 
887 



158 
1,105 



35 

850 



(Thoua^nd dollars) 



115,598 

215,402 

5,174 

171,888 

10,926 

1,711 

24,069 

2,323 

197,710 

742,094 
2,282 
295,319 
57,795 
28,395 
32,791 
8,306 
50,281 



1,299,724 



131,425 

84,217 

444,541 

5,057 

701 

47,207 

72,143 
48,588 

157,513 
39,252 

269,080 



1,299,724 



1,078,782 
417,763 



65 
3,656 

14,626 

863 

630 

8,113 

4,484 

1,517 

496 

U,565 



1,545,171 



851,589 
293,317 
15,882 
20,709 
10,782 
4,897 

21,509 
39,565 
515 
48,427 
4,119 
14,078 

6,599 

2,400 

1,206 

209,620 



^43 

'108 

3,549 



10,650 



'10,693 



7,377 
886 



188,873 

330,498 

6,587 

270,951 

13,267 

9,&i9 
53,885 

389,932 

1,458,873 
3,896 
542,486 
1U,874 
32,851 
85,067 
32,108 
80,244 



2,440,801 



186,97ff 

193,098 

793.959 

7,636 

1,378 

87,117 

112,937 
83,859 

345,392 
72,700 

555,747 



2,440,801 



1,460,170 
692,222 



1,0M 

1 

161 

4,986 

25,771 
16,324 

1,794 
12,801 

4,614 
15,033 

1,817 
12,581 



2,249,319 



1,164,853 

477,551 

21,732 

28,474 

18,963 

5,547 

41,079 

52,938 

1,032 

80,560 

14,221 
18,754 

10,357 

4,501 

3,329 

273,623 



31,805 
31,644 
9,743 



31,127 
29 



33,845 
1,549 



216,996 
533,881 

14,133 
307,315 

15,816 

13,493 
99,177 

389,191 

1,608,604 
6,192 
595,370 
161,289 
83,907 
74, 563 
26, 537 
58,394 



2,805,654 



292,172 

130,776 

631,782 

9,001 

167 

76,289 

246,368 
95,462 
316,637 
105,053 
901,947 



2,805,654 



1,833,125 
505,885 



1,625 

7 

363 

15,457 

15,775 

3,727 

101 

18,029 

11,137 

11,087 

1,579 

26,350 



2,444,247 



1,402,173 
296,362 
20,859 
24,742 
21,291 
6,614 

35,547 
88,958 

727 
73,070 
35,008 
32,427 

14,517 

3,746 

1,660 

328,297 



2,385,998 



58,249 
57,886 
2,172 



32,278 

59 



25,912 



32,221 
2,049 



313,074 

454,960 

10,042 

436,119 

16,491 

53,a;8 
187,991 

646,073 

2,176,908 

2,724 

782,348 

330,557 

148,229 

65,217 

15,280 

137,950 



3,890,325 



267,895 

123,353 

915.163 

40,981 

608 

115,186 

283,051 
233,338 
604,897 
120,545 
1,165,308 



3,890,325 



2,561,932 
833,229 



3,066 

89 

1,236 

9,325 

22,147 
14,611 
41 
33,027 
4,558 
24,720 
10,015 
14,066 



3,532,064 



2,077,392 
560,280 
15,221 
37,257 
32,411 
4,106 

45,757 
89,068 
780 
84,893 
17,999 
36,697 

18,010 

7,741 

3,522 

459,872 



41,058 

39,322 

2,150 



58,421 
131 



58,552 



'17,494 



71,096 
5,725 



403,695 

595,399 

6,833 

462,153 

16,589 

10,330 

194,617 

50,034 

1,043,591 

3,606,865 
20, 101 
1,060,487 
74,497 
29,027 
210,127 
13,598 
136,124 



5,701,171 



188,674 

276,637 

1,673,069 

31,726 

50 

170,918 

504,451 
238,997 

1,038,143 
92,081 

1,486,425 



5,701,171 



1,109,221 
1,601,195 



2,791 

5 

415 

32,232 

58,388 

3,733 

30 

5,659 

33 

11,359 

5,780 

31,727 



844,956 

1,097,655 

16,299 

52,753 

21,629 

7,301 

73,757 
94,716 
1,330 
127,399 
10,409 
38,899 

16,839 

5,618 

2,948 

266,544 



2,681,052 



181,516 

181,101 

352 



114,262 
2,512 



(15) 



70 
1,663 



3,730,775 
6,637,950 

216,962 
4,237,093 

404, OU 

190,057 
5,240,111 

100,301 
8,305,360 

69,086,376 

599,042 

19,956,931 

2,470,101 

1,268,194 

600,743 

83,865 

1,549,043 



80,594,632 



3,507,215 

975,675 

21,909,637 

71,269 

41,147 

2,824,719 

5,918,108 
2,432,007 

20,723,609 
1,615,186 

20,575,860 



80,594,682 



30,123,909 
16,162,450 



76,127 

2,300 

8,073 

235,669 

357,409 
48,077 
1,925 
65, 585 
17,347 
513,036 
167,640 
169,466 



47,949,013 



23,202, U7 

8,951,863 

62,347 

627,315 

766,673 

45,452 

846,645 

1,644,212 

27,915 

2,361,125 

786,864 

217,446 

569,298 

172,022 

10,063 

3,443,532 



43,755,414 



4,193,599 

4,185,526 

9,134 



1,964,093 



1,964,093 



2,229,506 



2,126,396 72 
404,333 I 73 



^Sum reported on returns with balance sheets filed for tax years beginning after Dec. 31, 1953 and ending on or before June 15, 1955. See this item in textual discussion, p. 11. 

Capital stock which was not definitely designated as either common or preferred was tabulated under conmon stock. 
'Loss or deficit. 

*The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for annual 
accounting periods ended July through November 1954 and returns for part years which began in 1953. 
'Loss after total taxpayment. 
NOTE; See text for explanatory statements end for "Description of the Sample and Limitations of Data." 



126 



ACTIVE CX)RPORATION INCOME TAX RCrURNS-1954 



CONSOLIDATED RETURNS WITH NET INCOME 

T«bU 2«.— BALANCE SHEKTS AND RELATED INCOME STATEMENTS. BY INDUSTIUAL DIVISION 



Returns 

without 
balance 
sheets 



Returns with balance sheets by industrial division 



All 
industrial 
divisions 



Agricul- 
ture, 
forestry, 

and 
fishery 



Uining am 

quarrying 



id|con3truc 

tion 



Uenufac- 

turing 



Public 
utilities 



Finance, 
insurance, 

eal estate, 

and lessors 

of real 

property 



Nature of 
business 

not 
allocable 



(1) 



(2) 



(3) 



M 



(5) 



(6) 



(7) 



(8) 



(10) 



(11) 



Number of consolidated returns with net 

income • 
Number of subsidiaries 



Assets: 

Cash 

Notes and accounts receivable 

Less : Reserve for bad debts 

Inventories 

Prepaid expenses and supplies 

Investments, Government obligations; 

States, Territories, and United 
States possessions . 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated aocrtization. 

Less : Accumulated depreciation • 
Depletable assets 

Less : Accumulated depletion .... 

Land 

Intangible assets 

Other assets 



Total assets. 



UablUtles: 

Accounts payable 

Bonds, notes, mortgages payable: 

Haturlty less than 1 year 

Itoturlty 1 year or more 

Reserves for estiirated expenses^ . 

Prepaid income^ 

Accrued expenses 



Other liabilities 

Capital stock, preferred 

Capital stock, common^ 

Surplus reserves 

Surplus and undivided profits. 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less 
amortizable bond premium) : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by 

net long-term capital lose. 
Net long-term capital gain reduced by 

net short-term capital loss . 
Net gain, sales other than capital 

assets . 

Dividends , domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled receipts.. 

Deductions : 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property. 

Repairs 

Bad debts 



Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization. 

Depletion 

Advertising 



Amounts contributed under pension plans 
Amounts contributed under other employee 

benefit plans. 
Net loss, sales other than capital assets 
Other deductions 



Total compiled deductions. 

Compiled net profit (47 less 64).. 

Net income (65 less 37) 

Net operating loss deduction 

Income tax 

Excess profits tax ' 



Total tax. 



Compiled net profit less total tax (65 

less 70). 
Dividends paid: 

Cash and assets other than own stock. 

Corporation's own stock 



1,510 
6,785 



32 
178 



1,478 
6,607 



46 

111 



67 
152 



428 
1,866 



179 
1,291 



329 
958 



292 
1,104 



132 
1,102 



(ThtniMind dottmra) 



36,480,367 
18,625,913 



83,451 

2,392 

10,023 

286,794 

435,971 
82,928 

4,308 



570,534 
186,715 
251,088 



57,198,389 



27,937,764 

10,464,046 

164,582 

683,369 

846,495 

66,846 

931,529 

1,855,444 

32,251 

2,571,362 

843,007 

341,457 

623,036 
191,256 

13,423 
4,784,760 



4,847,762 

4,837,739 

40,152 



2,226,263 
294 



2,226,557 



68,097 
14,605 



128 
6 



1,133 
874 

10 

314 

37 
324 

314 



87,347 



42,770 

10,112 

1,040 

2,365 

1,055 

134 

652 
2,525 

20 

3,088 

4,271 

519 

106 
459 

14 
14,654 



3,563 

3,563 

635 



1,324 
5 



1,329 



2,621,205 



2,359,580 

411,876 



4,673,620 

8,366,856 

248,683 

5,418,935 
460,443 

270,844 

5,679,399 

101,413 
9,675,997 

72,038,652 

597,933 

21,436,631 

2,737,392 

1,368,338 

959,015 

158,592 

1,773,253 



3,662,831 



4,263,534 

1,577,849 

23,002,319 

155,506 

45,738 

3,162,455 

6,678,578 
2,777,595 

21,586,366 
1,880,234 

23,532,657 



33,662,831 



36,412,270 
13,611,303 



83,323 
2,386 

10,023 
285,339 

434,838 

82,054 

4,293 

139,559 

37,945 

570,210 
186,715 
250,774 



57,U1,042 



27,394,994 

10,453,934 

163, 542 

681,004 

845,440 

66,712 

930,877 

1,852,919 

32,231 

2,568,274 

833,736 

340,938 

622,930 
190,797 

13,409 

4,770,106 



52,266,843 



4,844,199 

4,334,176 

39,517 



2,224,939 
289 



2,225,228 



2,618,971 



-L 



2,357,040 
411,876 



5,481 
9,193 

2,737 
125 

349 
7,107 

3,768 

10,637 

2,135 

326 

14 

569 

696 



33,339 



4,026 
6,773 
2,570 



3,099 

952 

3,212 



7,101 
928 



2 

320 

331 
90 
193 



9,370 



5,212 
420 
312 
90 
130 
5 

476 

276 

9 

622 



34,173 
57,919 
212 
46,835 
2,219 



6,963 

1,112 
53,303 

437,957 

210,687 
69,326 
28,393 
5,755 
12,884 
11,936 



501,407 



25,002 

95,721 

988 

7,532 

5,668 
26,395 

30,741 

17,728 

203,149 



501,407 



315,054 

20,587 



1,360 
1,493 

132 

3,361 

77 
3,570 
3,298 



194,273 

18,488 

3,068 

2,593 

8,024 

396 

4,083 
11,736 
76 
16,780 
24,847 
731 

9,876 
1,120 

56 
36,494 



409 
407 



332,691 



17,280 

17,235 

1,422 



5,428 
2 



5,430 



11,850 



25,266 

120,714 

247 

7,182 

630 



7,449 

24,323 

83,317 

272 

21,628 

9,188 

186 

7,204 

177 

9,650 



273,513 



52,751 

21,492 

47,519 

118 

44 

4,611 

49,066 
4,257 

21,407 
6,191 

66,057 



273,513 



13,766 
317,835 



29 
288 

4,016 
130 

19 

790 

47 

3,818 

563 

5,319 



11,642 

264,911 

7,092 

1,164 

1,352 

322 

2,467 
3,681 

127 

7,183 

332 

714 

2,078 
228 



329,731 



17,025 
16,996 
2,607 



_L 



6,208 
13 



1,808,758 
3,691,376 

197,901 
3,474,143 

291,269 

28,883 

2,247,210 

25,172 

5,109,852 

21,990,898 

217,033 

10,065,350 

2,545,175 

1,299,454 

467,920 

95,943 

422,346 



30,419,707 



2,566,693 

291,032 
4,294,296 

102,053 

41,763 

1,007,387 

511,352 

615,291 

8,223,901 

1,094,571 

11,671,368 



30,419,707 



27,815,338 
1,411,137 



30,889 

39 

1,691 

50,394 

161,248 

43,087 

646 

64,405 

866 

442,479 
152,033 
104,029 



20,956,723 
762,615 

68,998 
242,261 
769,517 

15,360 

153,976 
578,376 
18,592 
1,039,443 
775,831 
209,183 

308,047 
115,708 

8,729 
2,221,281 



28,264,645 



2,013,736 

2,012,045 

11,046 



840,188 
118 



1,032,149 
406,392 



1,333,196 

1,093,200 

14,969 

1,233,233 

134,893 



1,568,727 

75,129 

2,526,017 

47,633,341 

369,520 

10,426,155 

79,829 

31,824 

201,967 

25,959 

1,029,306 



46,146,876 



986,519 

405,041 

16,964,308 

45,124 

689 

1,976,653 

1,797,269 

1,963,786 

12,512,220 

491,823 

9,003,434 



46,146,876 



1,359,339 

14,911,173 



20,963 
785 
292 

61,441 

180,286 
19,993 

2,646 

28,527 

17,024 

63,660 
11,649 
92,696 



17,276,024 



1,461,371 
8,400,786 
27,183 
312,377 
40,346 
23,646 

610,543 

1,138,154 

10,185 

1,404,334 

33,377 

48,092 

272,474 
62,869 

2,119 
1,051,430 



14,899,836 



2,376,188 

2,375,896 

12,849 



1,190,731 
1 



1,117,963 
1,626 



259,524 

351,448 

8,128 

444,492 

13,508 



162,221 

567,102 
7,085 
216,515 
9,936 
2,160 
34,947 
11,530 
75,861 



355,879 

78,754 

214,033 

305 

428 

50,651 

107,672 
106,827 
168,037 
25,351 
671,470 



6,248,040 
158,850 



1,476 
17 
37 

4,543 

16,393 
685 
200 

5,572 

1,303 

6,542 
8,880 
12,851 



6,465,389 



,157,984 

101,096 

21,448 

62,123 

8,632 

5,034 

13,690 
47,336 
1,535 
36,841 
819 
44,243 

17,596 
7,365 

201 
827,126 



111,270 

111,233 

4,513 



53,673 



57,597 



35,900 
1,462 



1,030,101 

2,912,225 

25,276 

17,645 

6,957 



1,726,739 



569,119 

54 

138,393 

23,438 

6,216 

81,728 

2,368 

137,348 



173,092 

722,190 

1,033,080 

3,056 

2,390 

48,117 

4,139,195 

31,384 

405,136 

186,435 

1,151,338 



7,895,463 



67,206 

791,071 



29,066 

1,490 

7,921 

164,392 

31,289 

3,669 

548 

32,174 

18,627 

38,030 
7,130 
7,179 



53,253 
176,020 
22,392 
18,364 
6,986 
20,241 

134,062 

42,528 

1,105 

28,071 

3,000 

7,428 

7,331 
1,899 

1,102 
469,703 



994,485 



210,357 

202,436 

4,221 



82,165 
20 



115,577 
1,467 



177,121 

130,231 

1,950 

192,663 

10,847 



33,198 
523,376 

696,281 

3,959 

355,768 

174 

86 

158,925 

9,731 

36,110 



95,736 

30,312 

346,584 

792 

424 

66,899 

51,157 
29,633 

171,825 
57,178 

756,579 



85,876 
999,727 



511 

1 

6 

3,161 

39,365 

7,997 

17 

4,537 

1 

7,061 

6,410 

25,139 



54,531 
709,593 
12,549 
42,032 
10,403 
1,708 

11,580 
30,232 
602 
34,950 
18 
30,*03 

4,967 
1,093 

1,195 
136, 3o4 



1,082,375 



97,934 
97,923 
2,798 



46,210 
131 



41,927 
416 



^Sum reported on returns with balance sheets filed for tax years beginning after Dec. 31, 1953 and ending on or before June 15, 1955. See this item in textual discussion, p. !!• 
^Capital stock which was not definitely designated as <-'ither common or preferred was tabulated under common stock. 

'The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for 
annual accounting periods ended July through November 1954 and returns for part years which began in 1953. 
NCTTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



127 



CONSOLIDATED R^ETIRNS WITH BALANCE SHEETS AND NET INCOME 

T«bU 37 BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY SIZE OF TOTAL ASSETS 



Size of total assets 



Under 
$25,000 



$25,000 
under 
$50,000 



$50,000 

under 

$100,000 



$100,000 

under 
$250,000 



$250,000 

under 
$500,000 



$500,000 

under 

$1,000,000 



$1,000,000 

under 
$2,500,000 



(1) 



Nuiii>er of consolidated returns with balance sheets and net income.. 
Number of subsidiaries 



Assets; 

Cash 

Notes and accounts receivable.. 

Less: Reserve for bad debts. 

Inventories 



Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States possessions. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization. 

Less: Accumulated depreciation. 
Depletable assets 

Less: Accumulated depletion. .. . 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts pa^'able 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses 

Prepaid incone^ 

Accrued expenses 

Other liabilities 

Capital stock, preferred 

Capital stock, cotnmon^ 

Surplus reserves 

Surplus and undivided profits... 

Total liabilities 



Receipts : 

Gross sales 

Gross receipts f ran operations 

Interest on Government obligations (less amortizable bond 
premium) : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-term capital loss 
Net long-term capital gain reduced by net short-term capital loss 

Net gain, sales other than capital assets 

IMvidends, domestic corporations 

Dividends, foreign corporations 

Other receipts 

Total compiled receipts 

Deductions : 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 

Bad debts 



Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed under other employee benefit plans. 

Net loss, sales other than capital assets 

Other deductions 



Total caspiled deductions. 

Conpiled net profit (47 less 64).. 

Net income (65 less 37) 

Net operating loss deduction 



Inccine tax 

Excess profits tax* 

Total tax 

Conpiled net profit less total tax (65 less 70). 
Dividends paid: 

Cash and assets other than am stock 

Corporation' s own stock 



1,478 
6,607 



4,673,620 

8,366,856 

248,683 

5,418,935 

460,448 

270,844 
5,679,399 

101,413 
9,675,997 

72,038,652 

597,933 

21,436,631 

2,737,392 

1,368,338 

959,015 

158,592 

1,773,253 



8,662,831 



■i,2o3,534 

1,577,849 

23,002,319 

155,506 

45,738 

3,162,455 

6,678,578 

2,777,595 

21,586,366 

1,880,234 
23,532,657 



,662,831 



36,412,270 
18,611,308 



83,323 

2,386 

10,023 

285,339 

434,838 

82,054 

4,298 

139,559 

37,945 

570,210 

186,715 

250,774 



27,894,994 

10,453,934 

163, 542 

681,004 

845,440 

66,712 

930,877 

1,852,919 

32,231 

2,568,274 

838, 736 

340,938 

622,930 

190,797 

13,403 

4,770,106 



4,844,199 

4,834,175 

39,517 



,224,939 
289 



2,225,228 



2,357,OiO 
411,876 



(2) 



(4) 



(5) 



(6) 



(7) 



178 
199 



125 
114 
34 



207 
275 



204 
306 



187 
327 



(Thouaand dollara) 



303 

436 

22 

159 



350 
856 



300 
195 
4 
19 
153 

95 

35 

639 



2,091 
3,129 



5,533 



1,415 

1,774 

371 

304 

19 

7 

18 
111 

124 

70 



302 
302 
2Ce 



614 
1,770 



678 

17 



507 
2,200 



275 
577 
17 

293 

403 

56 

1,039 

9 

1,620 



5,159 



6,818 
3,470 



10,653 



4,519 
1,063 
803 
457 
43 
27 

24 

178 

1 

248 



500 
500 
188 



391 

7 



4,430 

10,956 

184 

6,528 

324 



3,703 

13,952 

44 

6,476 

2 

1,330 

263 

1,872 



8,225 

4,955 

5,180 
94 
23 

2,444 

3,596 
624 

14,812 
259 

'3,370 



36,842 



70,198 
17,395 



710 
151 
11 
341 
234 
120 
3 
479 



53,467 
9,293 

3,088 

1,931 

334 

254 

577 

1,198 

13 

1,352 

1 

1,272 

74 

81 

37 

14,297 



2,637 
2,637 

730 



657 
1 



1,979 



613 
95 



7,757 

18,786 

426 

12,072 

804 

10 
290 

5,576 

40,239 

186 

21,578 

4,515 

4,188 

5,519 

926 

2,913 



73,029 



12,008 

8,786 

9,093 

117 

159 

3,448 

3,624 
1,645 

15,588 
1,519 

17,042 



73,029 



121,156 
35,117 



302 

1,334 

44 

22 

262 

1,645 

109 

11 

1,693 



161,699 



88,814 

22,705 

5,102 

3,245 

875 

751 

953 
2,589 

43 
3,091 

48 
3,198 

281 

204 

270 

24,841 



157,010 



4,689 
4,689 
1,755 



1,175 
6 



1,181 



3,508 



417 
226 



13,035 

30,956 

961 

23,587 

1,036 

658 
1,470 

12,473 

67,935 

1,349 

25,891 

892 

344 

6,616 

1,362 

3,826 



135,301 



19,317 

15,237 
28,233 

120 

155 

4,484 

9,701 
6,029 

25,774 
852 

25,399 



135,301 



2t>i,909 
46,162 



12 
737 

2,188 

30 

54 

1,354 

541 

101 

3 

2,171 



161,261 

29,210 

6,158 

4,659 

1,321 
741 

2,024 
3,449 
76 
4,022 
137 
2,779 

182 

273 

126 

35,191 



251,609 



6,747 
6,735 



1,803 
3 



1,806 



607 
203 



(8) 



243 

573 



37,533 

68,152 

1,826 

45,608 

2,373 

761 
6,616 

73,565 

192,285 

506 

74,901 

1,178 

X5 

13,640 

3,307 

11,274 



378,714 



36,493 

33,427 

124,131 

1,366 

1,043 

11,568 

15,638 
13,676 
58,334 

5,241 
77,797 



378,714 



366,481 
121,606 



14 
1,688 

3,649 
680 
175 

1,599 

1,276 
653 
117 

4,076 



277,891 
74,042 
11,135 
6,134 
3,504 
1,462 

6,160 
10,214 
233 
13,884 
1,217 
6,005 

1,088 

510 

313 

70,374 



484,216 



18,118 
18,104 
3,503 



2,764 
185 



See footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



128 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



CONSOLIDATED RETIRNS WITH BALANCE SHEETS AND NET INCOME 

Tebl« 27.— BALANCE SHEETS AND RELATED INCOME STATEMENTS, BY SIZE OF TOTAL ASSETS— CoMinued 







Size of 


otal assets — Continued 






$2,500,000 


$5,000,000 


$10,000,000 


$25,000,000 


$50,000,000 


$100,000,000 


$250,000,000 


under 


under 


under 


under 


under 


under 


$5,000,000 


$10,000,000 


$25,000,000 


$50,000,000 


$100,000,000 


$250,000,000 




(9) 


(10) 


(11) 


(12) 


(13) 


(14) 


(15) 


140 


96 


90 


53 


35 


25 


66 


555 


471 


651 


612 


384 


691 


1,599 


(ThotiMuyd dotlora) 


50,590 


71,714 


139,889 


159,378 


244,520 


320,563 


3,623,170 


86,654 


137,720 


210,208 


403,068 


304,963 


514,463 


5,578,711 


1,490 


2,825 


4,923 


8,832 


4,495 


5,715 


216,925 


70,342 


85,178 


188,993 


196,875 


284,446 


343,260 


4,161,197 


3,879 


6,260 


3,769 


9,766 


8,251 


16,103 


402,860 


487 


1,306 


6,275 


13,479 


47,594 


10,330 


189,944 


7,838 


16,993 


40,937 


81,219 


143,748 


176,827 


5,203,259 


- 


1,112 


. 


- 


- 


_ 


100,301 


91,342 


92,884 


240,829 


275,012 


531,906 


602,340 


7,745,490 


215,031 


399,953 


723,009 


1,083,730 


1,283,235 


2,784,885 


65,226,236 


238 


1,320 


3,860 


6,192 


1,524 


20,101 


562,613 


81,848 


170,257 


293,634 


399,833 


496,214 


832,654 


19,026,717 


4,463 


23,525 


75,268 


50,861 


116,435 


44 


2,450,153 


2,265 


5,417 


24,006 


22,592 


46,971 


8 


1,252,193 


21,677 


17,483 


44,181 


62,365 


49,839 


204,695 


531,035 


3,087 


2,196 


18,565 


13,324 


15,269 


13,585 


81,614 


15,718 


26,976 


38,224 


33,525 


120,754 


61,646 


1,451,065 


485,267 


703,486 


1,403,729 


1,960,603 


2,601,856 


4,190,254 


75,685,657 


42,908 


30,210 


115,335 


199,561 


188,910 


157,673 


3,401,685 


40,378 


41,355 


84,487 


94,544 


67,597 


211,098 


975,375 


127,969 


195, 530 


310,588 


367,744 


504,485 


1,116,870 


20,211,693 


870 


4,608 


7,291 


1,276 


37,504 


30,970 


71,269 


1,032 


364 


1,050 


147 


539 


10 


41,147 


15,132 


29,523 


57,035 


53,931 


73,022 


149,859 


2,761,558 


24,499 


37,627 


44,058 


145,047 


269,629 


365,956 


5,756,683 


25,243 


24,273 


42,361 


53,374 


127,415 


207,315 


2,275,532 


64,846 


83,277 


210,755 


211,808 


370,893 


758,936 


19,769,602 


9,973 


22,897 


45,990 


39,069 


73,737 


55,713 


1,569,970 


132,417 


133,822 


484,779 


743,102 


883,071 


1,134,844 


19,852,143 


485,267 


703,486 


1,403,729 


1,960,603 


2,601,856 


4,190,264 


76,636,657 


456,262 


633,814 


1,029,676 


1,291,199 


1,383,101 


734,974 


30,111,213 


128,614 


294,977 


465,955 


414,639 


6X,569 


1,443,365 


15,002,110 


148 


392 


778 


1,110 


2,373 


2,508 


75,666 


_ 


2 


1 


7 


84 


5 


2,286 


14 


52 


153 


361 


1,139 


210 


8,058 


1,380 


1,134 


3,651 


11,989 


7,718 


26,799 


229,673 


9,173 


9,451 


13,078 


12,847 


15,720 


50,702 


315,760 


808 


587 


14,072 


2,878 


11,259 


3,456 


48,077 


36 


183 


1,758 


70 


34 


30 


1,925 


3,186 


6,244 


9,583 


16,346 


30,746 


5,649 


64,176 


2,004 


3,409 


1,688 


10,002 


351 


6 


16,572 


788 


1,378 


14,136 


10,799 


24,205 


10,744 


507, 175 


326 


477 


1,495 


1,463 


9,987 


5,780 


157,053 


4,470 


9,075 


6,916 


22,929 


9,725 


25,502 


153,515 


607,209 


961,175 


1,562,940 


1,796,639 


2,131,011 


2,309,831 


46,713,370 


336,304 


500,796 


793,467 


969,708 


1,000,076 


516,042 


23,191,109 


74,097 


209,299 


330,399 


241,715 


399,838 


998,801 


8,061,584 


11,491 


9,143 


15,110 


14,992 


10,239 


13,817 


62,009 


11,218 


11,122 


20,608 


17,829 


24,254 


39,970 


539,267 


4,792 


6,039 


14,033 


14,250 


15,831 


18,294 


766,054 


1,183 


1,771 


4,496 


3,491 


1,451 


5,352 


45,226 


7,052 


10,493 


17,743 


21,414 


25,668 


47,495 


791,253 


12,187 


20,624 


35,101 


70,413 


64,120 


73,759 


1,558,970 


321 


314 


1,015 


725 


753 


1,250 


27,487 


14,076 


27,643 


43,260 


49,280 


46,021 


91,983 


2,273,283 


1,999 


2,315 


9,061 


25,315 


8,086 


3,766 


786,791 


7,974 


7,349 


13,341 


23,786 


23,413 


34,417 


217,149 


3,700 


4,277 


7,196 


12,308 


10,403 


18,251 


565,100 


1,079 


1,092 


2,974 


3,094 


4,177 


5,231 


172,022 


298 


481 


242 


232 


630 


730 


10,046 


95,767 


120,785 


175,090 


247,207 


349,026 


221,289 


3,412,671 


583,538 


933,543 


1,483,136 


1,715,759 


1,984,036 


2,090,957 


42,480,021 


23,671 


27,632 


79,304 


80,380 


146,975 


218,374 


4,233,349 


23,657 


27,580 


79,651 


80, 519 


145,836 


218,664 


4,225,281 


3,795 


3,549 


9,743 


2,172 


2,150 


352 


9,134 


9,456 


10,645 


31,127 


32,278 


58,421 


108,276 


1,964,093 


4 


5 


29 


59 


131 


- 


- 


9,460 


10,650 


31,156 


32,337 


58,552 


103,275 


1,954,033 


14,211 


16,982 


48,648 


43,543 


88,423 


110,598 


2,269,256 


7,018 


5,661 


30, 529 


27,589 


61,131 


106,763 


2,113,941 


288 


658 


1,409 


755 


2,656 


1,063 


404,333 



HuJDber of consolidated returns with balance sheets and net income. 
Number of subsidiaries 



Assets: 

Cash 

Notes and accounts receivable.. 

Less: Reserve for bad debts. 

Inventories 



Prepaid expenses and supplies 

Investments, Government obligations; 

States, Territories, and United States possessions. 

United States obligations 

Not stated 

Other investments 



Depreciable assets 

Less: Accumulated amortization. 

Less: Accumulated depreciation. 
Depletable assets 

Less : Accumulated depletion. . . . 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable; 

Maturity less than 1 year 

Maturity 1 year or more 

Reserves for estimated expenses^ . 

Prepaid income ^ 

Accrued expenses 



Other liabilities 

Capital stock, preferred 

Capital stock , conmon^ 

Surplus reserves 

Surplus and undivided profits. 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less amortizable bond 
premium) : 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 

Other interest 



Rents 

Royalties 

Net short-term capital gain reduced by net long-terra capital loss 
Net long-term capital gain reduced by net short-term capital loss 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends , foreign corporations 

Other receipts 



Total compiled receipts.. 

Deductions : 

Cost of goods sold 

Cost of operations. 

Compensation of officers 

Rent paid on business property. 

Repairs 

Bad debts 



Interest paid 

Taxes paid 

Contributions or gifts 

Depreciation and amortization 

Depletion 

Advertising 

Amounts contributed xmder pension plans 

Amounts contributed under other employee benefit plans. 

Net loss, sales other than capital assets 

Other deductions 



Total compiled deductions. 

Conpiled net profit (47 less W).. 

Net income (65 less 37) 

Net operating loss deduction 

Income tax 

Excess profits tax* 



Total tax. 



Compiled net profit leas total tax (65 less 70). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



^Sum reported on returns with balance sheets filed for tax years beginning after Dec. 31, 1953 and ending on or before June 15, 1955. See this item in textual discussion, p. 11. 
^Capital stock which was not definitely designated as either common or preferred was tabulated under common stock. 
^Deficit. 

*The excess profits tax law terminated Dec. 31, 1953. Excess profits tax tabulated for this report was the tax on income earned before that date and reported on returns for 
annual accounting periods ended July through November 195*1 and returns for part years which began in 1953. 
NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



129 



RETtRNS WITH FOREIGN TAX CREDIT 

Table 28.— NET INCOME. TAXES. FOREIGN TAX CREDIT CLAIMED, AND TYPE OF INCOME FHOM FOREIGN SOURCES, BY MAJOR INDUSTRIAL GROUP 



Major industrial group 



Returns with and without Form 1118 

statements filed in support of 

credit claimed 



( Thousand 
dollars) 



Total tax 

before 

foreign 

tax credit 

(Thouaand 
dollars) 



Credit 
claimed 

for 

foreign 

taxes 

paid 

( Tbotiiand 

dollmra) 



Returns with Form 1118 statements filed In support of credit claimed 



Number 

of 
returns 



. Thtmaand 
dollars) 



Income from foreign sources 



Number 

of 

returns 



(ThouMand 
dollars) 



Income other than 
dividends^ 



C Thouamnd 
dollars) 



Total tax 

before 

foreign 

tax credit 

(Thouaar\d 
dollars) 



Foreign 
taxes 
paid 

(Thousand 
dollars) 



Credit 
claimed 

for 

foreign 

taxes 

paid 

(Thousand 

dollars) 



(1) 



(2) 



(3) 



(i) 



(5) 



(6) 



(7) 



(8) 



(9) 



(10) 



(U) 



(12) 



(13) 



All industrial groins 

Agriculture^ forestry, and fishery., 
Farms and agricultural services... 

Forestry 

Fishery , 



Mining and quarrying 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining 

Crxide petroleum and natural gas production., 
Nonmetallic mining and quaro*ing 

Construction 



Uanufacturing 

Beverages 

Food and kindred products 

Tobacco maniifactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture. . 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries. 

Chemicals and allied products 

Petroleum and coal products 



Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordnance^ 

machinery, and transportation equipment. 
Machinery, except transportation equipment 

and electrical. 

Electrical machinery and equipment 

Transportation equipment, except motor 

vehicles. 
Motor vehicles and equipment, except 

electrical. 

Ordnance and accessories 

Scientific instruments; photographic 

equipment; watches, clocks. 
Other manufacturing 



Public utilities 

Transportation , 

Comnunlcation 

Electric and gas utilities.. 
Other public utilities 

Trade 

Wholesale , 

Commission merchants 

Other wholesalers , 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefurnlshings. 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 



Trade not allocable 

Finance, insurance, real estate, and lessors of 
real property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment conqianies 

Security and ccnnnodlty-exchange brokers and 
dealers. 

Insxrrance carriers and agents 

Insurance carriers 

Insurance agents and brokers 

Real estate, except lessors of real property 

other than buildings. 
Lessors of real property, except buildings. . . 

Services 

Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades... 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 



(') 



37 
2 

92 

l,il5 
10 
95 
22 
49 
26 

18 
26 
62 
93 
219 
21 

22 
12 
42 

A7 
U9 



119 
90 



428 
333 
39 
294 

72 

5 

13 



(^) 
7 
15 

23 

805 

448 
39 
36 

332 
41 

186 
160 
26 

166 



253 
5 

3 
83 

1 

122 

19 

20 



( = ) 

489,388 

132,522 

12,201 

625 

338,798 

5,242 

81,956 

10,609,897 

92,415 

536,203 

U9,820 

95,674 

14,763 

14,104 

27,746 

355,437 

112,034 

1,685,364 

1,217,172 

237,790 

9,748 

350,768 

850,292 

330,037 

817,608 



764,013 
356,381 



15,988 
295,994 

59,099 

1,771,833 
540,476 

1,083,896 
147,463 

671,634 

308,829 

9,953 

298,376 

361,783 
5,538 

349,146 
(') 
170 

302 
2,287 
(') 

906 
2,959 

1,022 

2,729,553 

643,160 
309,930 
181,304 
146,726 
5,200 



2,059,497 

2,046,150 

13,347 

24,055 

2,841 

149,673 

1,973 

4,294 

53,284 

486 

82,944 

4,460 

2,232 



(^) 

237,705 

60,370 

1,162 

177 

173,328 

2,668 

37,085 

5,154,201 
48,732 
274,369 
72,194 
46,984 
7,427 

5,359 

14,084 

176,886 

53,635 

813,088 

452,400 

118,573 
5,027 
177,310 
428,035 
163,929 

415,339 

393,770 
174,816 



8,303 
151,674 

23,447 

882,656 
256,542 
553,183 
72,931 



310,550 

147,854 

4,216 

143,638 

162,265 
2,786 

156,369 
(') 
83 

105 
967 

(') 
379 

1,396 

431 
525,902 

253,729 
U5,810 
91,003 
25,260 
1,656 

262,834 

258,531 

4,303 

8,438 

901 

73, 103 

527 

2,174 

24,596 

247 

42,443 

2,163 

953 



11,099 



159,042 

15,162 

203 

28 

143,646 

3 

6,801 

432,723 

1,631 
16,303 

433 
1,564 

357 

265 

1,226 

3,737 

3, 018 

33,944 

222,350 

15,079 
42 
10,063 
20,490 
11,405 

27,146 

13,800 
3,609 



24 
4,219 

1,428 

17,135 
5,999 
1,781 
9,355 



55,653 

50,106 

382 

49,724 

5,524 
8 

4,732 

(^) 
2 

55 

3 

(^) 

3 

632 

23 

27,502 

19,384 
3,425 
7,155 
9,177 
127 



7,362 

6,644 

718 

207 

49 

15,270 

2 

27 

3,738 

3 

11, 102 

112 

236 



36 
16 
(') 



55 
16 
1 
3 
33 
2 

72 

1,127 

9 
71 

6 
40 
19 

15 
22 
50 
69 
190 
16 



35 

40 
104 



94 
69 
12 
13 

269 
233 
28 
205 

21 
2 
12 



1 
5 

(^) 



356 
25 
26 

291 

14 

139 
119 
20 

71 



198 
4 

2 

57 



102 
18 
15 



(') 

459,783 

128,548 

12,201 

391 

313,401 

5,242 

77, 160 

9,753,392 
92,338 
429,210 
139,030 
84,153 
13,657 

4,123 

26,472 

324,922 

101,225 

1,649,217 

925,337 

173,889 
8,998 
309,845 
833,204 
294,780 

707, 123 

706,955 
354,906 

2,211,447 

15,988 
291,055 

50, 518 

1,720,410 
497,332 

1,075,065 
147,463 



571,224 

2U,129 

9,639 

204,490 

356,755 

5,017 

349,124 



649 

1,765 

2,516,476 

586, 522 
268,954 
181,229 
132,137 
4,202 

1,906,640 

1,893,460 

13,180 

20,473 

2,841 

116,055 
1,770 
4,235 

50,026 



54,669 
4,166 
1,189 



(M 



497 
4 

37 
3 

20 
3 

4 
5 
24 
28 
74 
12 

7 

1 

20 

20 

55 



1 

1 

402 



7 

249 

14 

63 
52 
11 
59 



(') 

1,412 

85 

2 

86 

1,239 

2,826 

393,923 

923 

26,546 

532 

2,267 

166 

22 

1,561 

5,535 

5,032 

51,131 

107,909 



(') 
8,428 
7,401 
19,592 

28,266 



17,325 
4,029 



46 
7,302 

2,342 

13,006 
1,636 
2,291 
9,029 



31,110 

22,179 

30 

22,149 

8,905 
(*) 

8,901 



2 
2 

26 

40,509 

37, 191 

116 

9,078 

27,695 

302 

2,608 

1,206 

1,402 

519 

191 

5,143 
14 



3,414 
1 
(') 



e) 



30 
2 

64 

883 



5 
31 
13 

13 
18 

47 

163 

13 



209 
176 
26 
150 

18 

1 
11 



4 
(') 
311 

158 
22 
24 

107 
5 

117 

106 

11 

34 



184 
2 
2 
52 






310,535 

35,358 

432 

274,228 

17 

16,785 

501,281 
3,239 
9,075 

473 
2,125 

906 

869 

1,071 

4,688 

3,492 

43,108 

324,107 

12,828 

125 

3,726 

36,465 

5,910 

10,486 

19,164 
5,554 

8,382 



3,725 

1,263 

38,227 

21,056 

5,950 

11,221 

39,207 

37,620 

1,258 

36,362 

1,548 

14 

1,039 

15 



(') 
90,810 

13,725 
9,984 
8,427 

*4,713 
27 



76,538 

76,230 

308 

516 

31 

37,243 

*5 

113 

13,168 



23,086 



(^) 

222,870 
58,865 

1,162 

133 

160,1X2 

2,668 

35,001 

4,780,356 
48,716 
217,980 
71,904 
42,060 
6,887 

1,307 
13,450 
161,758 
48,108 
795,514 
363,409 

85,396 

4,660 

157,243 

422,053 

146,560 

358,739 



355,123 
174,084 

1,123,820 

8,303 
149,146 

24,136 

861, 569 

239,097 

549,541 

72,931 

260,527 

100,261 

4,105 

96,156 

160,119 

2,545 

156,369 



311 
811 

( = ) 
483,029 

233,701 

118,963 

91,003 

22,191 

1,544 

241,211 

236,971 

4,240 

7,216 

901 

56,041 

455 

2,149 

23, Kl 



27,833 

2,016 
447 



699,937 

9,319 
8,952 
(') 

161, 506 

15,354 

203 

27 

145,919 

3 

7,784 

440,431 

1,799 

16,755 

423 

1,495 

395 

316 

1,223 

3,937 

3,384 

29,408 

236,732 

13,965 
20 
4,802 
32,121 
11,556 

18,601 

13,276 
3,649 

40,750 

24 
4,434 

1,366 

16,618 
6,120 
1,063 
9,435 

23,998 

18,926 

485 

18,441 

5,062 

2 

4,833 



2 
223 

(') 
30,333 

22,092 
3,439 
7,034 

11,432 
87 

7,981 

7,238 

743 

210 

50 

9,948 

7 

26 

3,053 



6,603 
153 
101 



154,952 

13,899 

203 

27 

140,820 

3 

6,488 

385,720 

1,629 

15,672 

423 

1,445 

344 

258 

1,223 

3,532 

3,009 

28,440 

200,882 

13,964 
22 
4,490 
20,484 
11,190 

16,381 



12,667 
3,577 

40,550 

24 
4,138 

1,376 

16,255 
5,338 
1,062 
9,355 

23,095 

18,129 

354 

17,775 

4,956 

2 

4,780 



2 

170 

25,588 

18,614 
3,067 
6,976 
8,484 
87 

6,730 

6,012 

718 

195 

49 

9,437 

2 

26 

3,012 



6,196 
100 
101 



77 Nature of business not alloceble. 



^Amounts shown for income from foreign sources other than dividends were reduced by negative amounts. 

^Sampling varisbility of this item was too large to warrant showing it separately. However, this value was included in each total. 

^Less than $500. 

'Deficit. 

NOTE: See text for explanatory statements and for "Description of the Sang^le and Lljnltatlons of Data." 



130 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



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lias 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



131 



WESTERN HEMISPHERE TRADE CORPORATION RETl'RNS 

Table 81.— NET INCOME. WF^TEKS HEMISPHERE TRADE CORPORATION DEDUCTION. TAXES. FOREIGN TAX CREDIT. AND TVPE OF INCOME FROM FOREIGN SOURCES, BY MA.IOR INDUSTRIAL GROUP 



Major industrial group 



Returns with credit, claimed for foreign taxi^s paid 



Number of 
returns 



(Thoumand 
dolltrM) 



Western Hemisphere trade 
corporation deduction 



Number of 
returns 



Amount 
( Thouaartd 
dollmrm) 



Income tax 
before for- 
eign tax 

credit 
(Jhou*tnd 
doHmra) 



Credit 
claimed for 

foreign 
taxes paid 

(Thousand 
dollar!) 



(2) 



(3) 



{^) 



(5) 



All industrial groups^ 

Agriculture, forestry, and fishery. 
Farms and agricultural services.. 

Fopestrj- 

Fishery 



Wining and quarrying' 

iletal mining^ 

Anthracite mining 

Bituminous coal and lignite mining 

Crude petrole\JiD and natural gas production^ 
Nonmetallic mining and quarrying 

Construction^ 



Manufacturing^ 

Beverages 

Food and kindred products^ 

Tobacco manufactures 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products^ 

Petroleum and coal products^ 

Rubber products 

2<eather and products 

Stone, clay, and glass products 

Primary metal industries^ 

Fabricated metal products, except ordnance, machinery, and transportation equipment. 
Machinery, except transportation equipment and electrical 

Electrical machinery and equipment^ 

Transportation equipment, except motor vehicles^ 

Motor vehicles and equipment, except electrical 

Ordnance and accessories 

Scientific instniments; photographic equipment; watches, clocks^ 

Other manufacturing 

Public utilities^ 

Transportation 

Coaammication^ 

Electric and gas utilities^ 

Other public utilities 

Trade^ , 

Wholesale^ 

Commission merchants 

Other wholesalers^ 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishings. 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 



Trade not allocable 

Finance, insurance, real estate, and lessors of real property. 



Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity-exchange brokers and dealers 

Instirance carriers and agents 

Insurance carriers 

insurance agents and brokers 

Real estate, except lessors of real property other than buildings. 
Lessors of real property, except buildings 

Services^ 

Hotels and other lodging places 

Personal services 

Business services^ 

Automotive repair services and garages 

Miscellaneous repair services, hand trades 

Motion pictures^ 

Amusement , except motion pictures 

Other services, including schools 

Nature of business not allocable 



(=) 



2,695,414 



31,658 
31,658 



44,912 
32,937 



16 


14,286 


60 


1,441,587 


2 


904 


12 


6,955 


1 


11 



186 

289 

1,055 

14,753 

923,535 

293 

440,956 

2,610 

91 

18,183 
28,753 



1,051,390 

5,641 

1,028,069 

17,680 

47,074 

46,206 

2,058 

44,148 



822 
213 



{') 



671 
625 



46 
63,836 



9,707 



53,669 
460 



274 
6 



(') 



131,924 

8,525 
8,525 



L2,159 
8,823 



3,336 



2,529 

92,400 

243 

1,711 



50 

78 

284 

2,283 

73,936 

73 



11,600 
703 
25 

872 
294 



5,415 

1,518 

34 

3,863 

9,293 

9,060 

554 

8,506 

221 

58 



{=) 



180 
168 



1,043 
124 



11,991 
11,991 



16,682 
12,337 



5,263 

609,548 

331 

2,658 

3 



63 

104 

395 

6,496 

347,197 

106 



225,979 

975 

29 

9,006 
14,894 



535,641 
1,812 

526,583 
7,246 

18,944 

18,664 

746 
17,918 

270 
54 



e) 



242 
232 



10 
30,491 



2,612 



27,732 

147 



(6) 



9,346 
9,346 



12,325 
8,991 



3,334 



2,477 

250,790 

329 

1,880 

2 



45 

104 

394 

2,893 

219,811 

74 



17,665 

837 

29 

5,334 
1,271 



8,513 
468 
800 

7,245 

8,058 

7,859 

261 

7,598 

190 
47 



(') 



9 
8,565 



3,231 

90 



See footnotes at er^ of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



132 



ACTTIVE CORPORATION INCOME TAX RETURNS -1954 



WESTERN HEMISPHERE TRADE CORPORATION RETURNS 

Tftble 81— NET INCOME, WESTERN HEMISPHERE TRADE CORPORATION DEDUCTION, TAXES, FOREIGN TAX CREDIT, AND TYPE OF INCOME FROM FOREIGN SOURCES, BY MAJOR INDUSTRIAL OROUP^Con. 



Major industrial group 



Number of 
returns 



All industrial groups'' 



Agriculture, forestry, and fishery 

Farms and agricultural services 

Forestry 

Fishery 

Mining and quarrying^ 

Metal mining^ 

Anthracite mining 

Bituminous coal and lignite raining 

Crude petroleum and natural gas production^, 

Noninetallic raining and quarrying 

Construction^ 



Manufacturing^ 

Beverages 

Food and kindred products^ 

Tobacco manufactures 

Textile-mill products 

Apparel and products raade from fabrics 

Lumber and wood products, except furniture 

Furniture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries 

Chemicals and allied products^ 

Petroleum and coal products^ 

Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries^ 

Fabricated metal products, except ordnance, 

machinery, and transportation equipment. 
Machinery, except transportation equipment and 

electrical. 

Electrical roachineiry and equipment^ 

Transportation equipment, except motor vehicles^. 
Motor vehicles and equipment, except electrical.. 

Ordnance and accessories 

Scientific instruments; photographic equipment; 

watches, clocks^. 
Other manufacturing 



Public utilities^ 

Transportation 

Comnrunicat ion^ 

Electric and gas utilities^. 
Other public utilities 

Trade^ 

Wholesale^ 

Commission merchants 

Other wholesalers^ 



Retail 

Food 

General merchandise 

Apparel and accessories 

Furniture and housefumishings. 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade .- 



Trade not allocable 

Finance, insurance, real estate, and lessors of real 

property. 

Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity-exchange brokers and 
dealers. 

Insurance carriers and agents 

Insurance carriers 

Insurance agents and brokers 

Real estate, except lessors of real property other 

than buildings. 
Lessors of real property, except buildings 

Services^ 

Hotels and other lodging places 

Personal services 

Business services^ 

Automotive repair services and garages 

Miscellaneous repair services, hand trades 

Motion pictures^ 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



Returns with credit claimed for foreign taxes paid— Continued 



Returns with Form 1118 statements filed in support of credit claimed 



(7) 



256 

5 



(=) 



(TTiouu 
dollai 



Number of 
returns 



(8) 



29,893 
29,898 



34,525 
28,963 



13,505 

1,160,982 

904 

6,426 

11 



186 

289 

1,055 

14,307 

643,905 

293 



440,956 
2,610 



18,183 
28,753 



1,051,390 

5,&41 

1,028,069 

17,680 

44,494 

43,652 

2,048 
41,604 

822 
213 



(') 



625 
625 



Western Hemisphere 

trade corporation 

deduction 



(9) 



46 
41,470 



9,707 



31,303 

460 



2 


50 


1 


78 


1 


284 


19 


2,172 


3 


69,056 



(=) 



(Thousand 
dollars) 



(10) 



122,138 



8,051 
8,051 



9,346 
7,753 



2,319 

87,262 

243 

1,569 

3 



11,600 
703 



872 
294 



5,415 
1,518 



8,600 

8,374 

554 
7,820 

221 
58 



Income from foreign sources 



Number of 
retxirns 



(11) 



( = ) 



168 
168 



585 

124 



Amount 

dollara) 



Number of 
returns 



(12) 



137,200 



497 
118,932 

735 



1,518 
103,814 



8,834 
507 



6,428 



2,232 
4,196 



8,555 
8,555 



Income other than 
dividends 



(13) 



11 
2,768 



256 
5 



Amount 
(TTtotiaand 



(14) 



(') 



489,491 



21,848 

21,348 



28,111 
23,442 



9,168 

383,541 

670 

5,298 

11 



186 

211 

1,702 

7,717 

322,715 

293 



32,946 
2,120 



6,841 
2,597 



14,321 
1,325 
3,376 
9,620 

15,285 

14,607 

790 

13,817 

658 
213 



Income tax 
before for- 
eign tax 
credit 

(Thousand 
dollara) 



Foreign 
taxes paid 



( Thouaand 
dollara) 



(15) 



(^) 



625 
625 



29 
16,563 



1,214 



15,013 

336 



1,127,529 



11,334 

11,334 



12,754 
10,832 



1,922 



4,972 

525,626 

331 

2,463 

3 



63 

104 

395 

6,335 

263,631 

106 



225,979 
975 



9,006 
14,894 



535,641 
1,812 

526,583 
7,246 

18,016 

17,742 

744 

16,998 

270 
54 



Credit 
claimed for 

foreign 
taxes paid 

(Thouaand 
dollara) 



(') 



232 
232 



10 
18,944 



16,185 
147 



320,627 



8,800 
8,600 



10,222 
8,861 



1,361 

2,579 

277,480 

467 

1,988 



45 

173 

431 

3,021 

234,162 

74 



29,277 
848 



5,620 
1,271 



8,638 
592 
801 

7,245 

7,686 

7,477 

295 

7,182 

205 

47 



(') 



10 
5,116 



4,749 
90 



(17) 



269,854 



8,800 
8,800 



8,640 
7,728 



2,313 

229,275 

329 

1,829 

2 



45 

104 

394 

2,767 

198,473 



17,665 


28 


837 


29 


29 


30 


5,384 


31 


1,271 


32 


_ 


33 


- 


34 


72 


35 


- 


36 


8,513 


37 


468 


38 


800 


39 


7,245 


40 


- 


41 


7,462 


42 


7,268 


43 


260 


44 


7,008 


45 


190 


46 


_ 


47 


47 


48 


_ 


49 


- 


50 


- 


51 


- 


52 


_ 


53 


_ 


54 


143 


55 


I') 


56 


92 


57 


83 


58 


_ 


59 


83 


60 


_ 


61 


- 


62 


. 


63 


_ 


(A 


- 


65 


- 


66 


9 


67 


4,759 


68 


_ 


69 


- 


70 


244 


71 


- 


72 


. 


73 


4,425 


74 


- 


75 


90 


76 


- 


77 



;ue footnotes at end of table. See text for explanatory statements and for "Description of the Sample and Limitations of Data.' 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



133 



WESTERN HEMISPHERE TRADE CORPORATION RETl RNS 

Table SI.— NET INCOME. WESTERN HEKDSPHERE TRADE CORPORATION DEDUCTION, TAXES, FOREIGN TAX CREDIT, AND TYPE OF INCOME FROM FOREIGN SOURCES, BV MAJOR INDUSTRIAL GROUP— Con. 



Major industrial group 



Returns without credit claimed for foreign taxes paid 



Returns with net income 



Number of 
retuj'ns 



(Thousand 
dallari) 



Western Hemisphere trade 
corporation deduction 



Number of 
returns 



Amount 

( Thouaand 



Number of 

returns 



Amount 

(Thouaand 
dollars) 



Returns without 
net income 



Number of 

returns 



(Thouamid 
dotlara) 



tl8) 



All industrial groups^. 



Agriculture, forestry, and fishery 

Farms and agricultural services 

Forestry 

Fishery 

Mining and quarrying^ 

Metal mining 

Anthracite mining 

Bituminous coal and lignite mining^ 

Cr\ide petroleum and natural gas production^. 
Nonmetallic mining and quEurrying 

Construction^ 



Manufacturing '^ '. . 

Beverages 

Food and kindred products 

Tobacco manufactures^ 

Textile-mill products 

Apparel and products made from fabrics 

Lumber and wood products, except furniture.. 

Fiimiture and fixtures 

Paper and allied products 

Printing, publishing, and allied industries. 

Chemicals and allied products 

Petroleum and coal products^ 



Rubber products 

Leather and products 

Stone, clay, and glass products 

Primary metal industries 

Fabricated metal products, except ordnance, machinery, and transpor- 
tation equipment. 
Machinery, except transportation equipment and electrical 



Electrical machinery and equipment 

Transportation equipment, except motor vehicles 

Motor vehicles and equipment, except electrical 

Ordnance and accessories 

Scientific instruments; photographic equipment; watches, clocks. 
Other manufacturing 



Public utilities 

Transportation 

Communication 

Electric and gas utilities. 
Other public utilities 

Trade^ 



Wholesale'^ 

Commission merchants 
Other wholesalers^.. 



RetaU^ 

Food^ 

General merchandise 

Apparel and accessories 

Furniture and housefumishings. 



Automotive dealers and filling stations. 

Drug stores 

Eating and drinking places 

Building materials and hardware 

Other retail trade 



Trade not allocable 

Finance, insurance, real estate, and lessors of real property. 



Finance 

Banks and trust companies 

Credit agencies other than banks 

Holding and other investment companies 

Security and commodity-exchange brolters and dealers. 

Insurance carriers and agents 

Insurance carriers 

Insurance agents and brokers 



Real estate, except lessors of real property other than buildings. 
Lessors of real property, except buildings 



Hotels and other lodging places 

Personal services 

Business services 

Automotive repair services and garages 

Miscellaneous repair services, hand trades. 

Motion pictures 

Amusement, except motion pictures 

Other services, including schools 

Nature of business not allocable 



(') 



2i2 

13 

229 






(19) 



(20) 



(22) 



(23) 



250 
250 



1,501 
48,806 



280 

16 



(') 
48,406 



534 
534 



96,383 

28,992 
1,499 
27,493 

66,476 
66,397 



915 
1,293 



1,293 
468 

(') 

( = ) 
( = ) 



(') 



232 
13 
219 



(') 

(') 

(') 



9,050 



239 
56 



(') 



132 
132 



8,092 

7,814 

404 

7,410 

21 



257 
348 



348 
132 



(') 



(^) 

(') 



(') 



237 
13 
224 



(') 

(^) 

(^) 



303 
18,419 



(') 
18,395 



178 
178 



46,406 

10,274 

537 

9,737 

35,829 
35,805 



303 
486 



486 

101 



(•■) 
( = ) 



(24) 



(25) 



13,009 



3,767 


2 


3,767 


3 


- 


4 


- 


5 


1,163 


6 


896 


7 


_ 


8 


208 


9 


59 


10 


- 


11 


1,392 


12 


3,856 


13 


_ 


W 


184 


15 


_ 


16 


_ 


17 


- 


18 


_ 


19 


_ 


20 


- 


21 


_ 


22 


85 


23 


2,377 


24 


_ 


25 


_ 


26 


- 


27 


_ 


28 


1 


29 


730 


30 


_ 


31 


_ 


32 


337 


33 


- 


34 


142 


35 




36 


1,293 


37 


1,293 


38 


_ 


39 


_ 


40 


- 


41 


1,538 


42 


1,131 


43 


- 


44 


1,131 


45 


70 


46 


_ 


47 


_ 


48 


_ 


49 


- 


50 


. 


51 


_ 


52 


_ 


53 


- 


54 


70 


55 


337 


56 


- 


57 


- 


58 


_ 


59 


_ 


60 


- 


61 



^Amounts Shown for income from foreign sources other than dividends were reduced by negative amounts, 

^Includes returns of consolidated corporations where one or more of the corporations within the affiliated group was a Western Hemisphere trade corporation. 
Sampling variability of this item was too large to weorant showing it separately. However, this value was included in each total. 
NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." 



134 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 






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ACTIVE CORPORATION INCOME TAX RETURNS- 1954 



135 











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136 



ACTIVE CORPORATION INCOME TAX RETURNS-1954 



PERSONAL HOLDING COMPANY SCHEDDLES 

Table 34.— UNDISTRIBUTED INCOME COMPUTATION AND PERSONAL HOLDING COMPANY TAX, BY INCOME STATUS 



Returns with corporate 
net income 



With undis- 
tributed 
personal 
holding can- 
pany income 



Without undis- 
tributed 
personal hold- 
ing company 
income 



Returns without corporate 
net income 



With undis- 
tributed 

personal 
holding com- 
pany income 



Without undis- 
tributed 
personal hold- 
ing company 
income 



(1) 



(2) 



(3) 



(4) 



Number of returns with schedule PH attached. 



(Ihouaand dollars} 



Corporate net incame or deficit 

Adjustments: 

Amount included in income where lien in favor of United States is satisfied or released. 
Expenses and depreciation applicable to property in excess of amount allowable 

Total (Sum of 2, 3, and 4) 



Deductions: 

Additional contributions and gifts 

Federal income and excess profits taxes 

Foreign taxes 

Net operating loss deduction 

Deduction for capital gains 

Amount of lien in favor of the United States 

Special deduction for bank affiliates 

Deduction for dividends paid 

Amounts used or set aside to retire indebtedness incurred prior to Jan. 
Dividends paid after close of taxable year 



Total deductions. 



22a 
256,052 



2,065 

33,896 

l,iil 

4,266 

44,466 

11 

20 

212,016 

1,270 

2,302 

301,756 



Undistributed personal holding company Income (5 minus 16) 



18 Personal holding company tax. 



11 
15,618 



391 
2,204 

311 

22 

3,321 



7,614 
41 
225 

14,130 
1,488 



49 
246,157 

1,673 

31,412 

1,130 

2,818 

39,734 

11 

201,857 
1,147 
2,060 

281,843 
'35,686 



(5) 



'5,392 

168 
'5,723 



1,426 
1,411 

20 

2,545 

82 

17 

5,783 
'11,506 



'Deficit or negative amount. 

NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." See p. 22 for limitation in coverage. 

PERSONAL HOLDING COMPANY SCHEDULES 

Table 35.— SOURCES OF PERSONAL HOLDING COMPANY INCOME, BY UNDISTRIBUTED INCOME STATUS 



Source of personal holding company income 



Number of 
returns 



Returns with undis- 
tributed personal holding 
company income 



(Thousand 
dollara) 



Returns without undis- 
tributed personal holding 
company income 



Niimber of 
returns 



(Thousand 
dollarm) 



Humber of 
returns 



(Thoumand 
daltara) 



Dividends 

Interest 

Rents 

Royalties: 
Mineral, gas. 
Other 



Annuities 

Gains from sale of stock or securities 

Gains from futures transactions 

Income from estates and trusts 

Income from personal service contracts. . . .* 

Income from use of corporation property by shareholder. 

Total 



No personal holding company income reported. 
Grand total 



(1) 



2,031 

2,115 

758 

178 
164 

1,181 

23 

3 

58 

46 



721 
3,818 



187,448 
23,170 
10,650 

16,992 
4,250 

49,666 

610 

1 

1,427 

430 

294,644 



294,644 



(3) 



142 

153 
61 



4 
212 

61 

273 



9,466 

1,84A 

414 

306 
418 

3,940 
304 



28 
20 

16,740 



(5) 



1,889 

1,962 

697 

174 
156 

1,105 

21 

3 

54 

42 

2,885 

660 

3,545 



(6) 



177,982 
21,326 
10,236 

16,686 
3,832 

45,726 
306 

1 
1,399 

410 

277,904 



NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." See p. 22 for limitation in coverage. 



ACTIVE CORPORATION INCOME TAX RETURNS -1954 



137 



PERSONAL HOLDING COMPANY SCHEDULES 

T«bl. 36.— PERSONAL HOLDING COMPANY INCOME, UNDISTRIBUTED INCOME, AND TAX, BY SIZE OK PERSONAL HOLDING COMPANY INCOME 



Size of personal holding compani' income 



Number of 
returns 



Personal 

holding 

company 

income 



dollMfa) 



Rt-t'irni: with undistributed personal building 
company income 



Undistributed 
personal 
holding 
company 
income 
f Thousand 
dolUra) 



Personal 

holding 

company 

tax 
(TTtouawid 
dojlara) 



Personal 

holding 

company 

income 

(Thouamtd 
doIlMra) 



(1) 



(2) 



(3) 



(•i) 



(5) 



Under $1,000 

,n,00O under $2,000 

$2,000 ujider $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $500,a» 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 or more 

Total 

No personal holding compani' income reported, 



360 
1J3 
186 
156 

1A9 

448 
610 
293 
301 
357 

60 
38 



168 
185 

451 
573 
671 

3,095 
9,446 
10,814 
21,343 
75,502 

41,258 
60,051 
70,587 



(') 



27 
13 
55 

3 
207 

631 
432 



1,488 



(M 



1 
1 
24 

21 

10 

45 

2 

174 

535 
366 



1,182 



71 



(6) 



11 
12 



52 



298 

420 

666 

1,357 

5,360 

4,283 

4,201 



16,740 



16,740 



'Less than $500. 

(JOTE: See text for explanatory statements and for "Description of the Sample and Lijnitations of Data. 



See p. 22 for limitation in coverage. 



PERSONAL HOLDING COMPANY SCHEDl LES 

T«bl» 37.— PERSONAL HOLDING COMPANY INCOME, UNDISTRIBUTED INCOME, AND TAX, BY SIZE OF UNDISTRIBUTED INCOME 



Size of undistributed personal holding company income 



Number of 
returns 



Personal holding 
company income 



Number of 
returns 



{ Thauaand 
dollara) 



Undistributed 
personal 
holding 
company 
income 
(Thouaand 
dollara) 



Personal 

holding 

company 

tax 

fthouaand 
dollara) 



(ir 



(2) 



(3) 



Under $2,000 

$2,000 under $5,000 

$5,000 under $10,000 

$10,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 or more 

Total 

No undistributed personal holding companj' income. 
Grand total 



234 

25 

5 



175 

24 

5 



9,225 

2,026 

1,440 

452 

156 

2,502 
939 



3,545 



2,885 



277,904 



3,097 



(4) 



48 
65 
29 
27 
87 

64 
550 
618 



1,488 



(5) 



37 
50 
23 
22 
74 

55 
467 
525 



NOTE: See text for explanatory statements and for "Description of the Sample and Limitations of Data." See p. 22 for limitation in coverage. 



4. Historical Data, 

Corporation Income 

Tax Returns, 

1945-54 



_ 448404 O - 57 - 10 



CORPORATIOW INCOME TAX RETURNS FOR 1945-54 



Page 

Introduction 14-1 

Description of historical tables Kl 

Comparability of historical data l<+2 

Tables K6 

140 



4. HISTORICAL DATA, CORPORATION INCOME TAX RETURNS, 1945-1954 



INTRCDLCTION 

The historical data presented in this volume are 
selected from the tabulations prepared from corpo- 
ration income tax returns for the years 19A-5 through 
195'+ and published in Statistics of Income for those 
years. The tables are preceded by a discussion of 
the comparability of the statistics during that pe- 
riod. This discussion is supplemented by the mate- 
rial presented in the Synopsis of Federal Tax Laws, 
19<;5_5A, pages 181-190 of this volume. 

Data with respect to income and tax of corpora- 
tions first became available in 1909 when an excise 
tax measured by the income of corporations was im- 
posed by the Tariff Act of 1909. Selected data were 
published in the annual reports of the Commissioner 
of Internal Revenue for the years 1909 through 1915. 

Following adoption of the 16th amendment to the 
Constitution a direct income tax was imposed, and 3 
years later the Revenue Act of 1916 directed that 
statistics concerning the operation of the income 
tax laws were to be published annually. The first 
volume of Statistics of Income was published for the 
income year 1916 and presented only 5 basic income 
and tax items for corporations, distributed geograph- 
ically and by type of industry. 

The item "Total compiled receipts" was not tabu- 
lated from 1916 to 1921. Gross income, which was 



total compiled receipts minus the amounts of non- 
taxable dividends excluded from gross income and of 
wholly tax-exempt interest received on certain 
Government obligations, for 1916 was $35 billion on 
341 thousand returns . By 1954- the amount of total 
compiled receipts had risen to $555 billion on 723 
thousand returns, nearly 16 times the gross income 
in 1916 while the number of returns more than doubled. 
Since the item was first tabulated separately in 
1922, gross sales has been the largest single com- 
ponent of total compiled receipts, usually between 
70 and 85 percent . Among the eight allocable indus- 
trial divisions, the largest industry manufacturing, 
has almost always accounted for AO to 55 percent of 
the total compiled receipts. The chart below shows 
the growth in the amount of receipts since 1916 for 
all industries, for manufacturing, and for trade. 
Selected historical data for the years prior to 
19<45 were published in Statistics of Income for 1949, 
Part 2. 

DESCRIPTION OF HISTORICAL TABLES 

The historical tabulations are presented in tables 
38 through A3, pages 1-47-170. Table 38 shows the 
number of returns, by income or deficit status, and 
by net income, deficit, and total assets classes. 
Table 39 gives the nimiber of ret\irns, total compiled 



Bi 1 1 ions of dol I ars 



Chart 6 -TOTAL RECEIPTS COMPILED FROM TAX RETURNS, 1918-1954* 



Bill ions of dol I ars 
600 



200 




95M 



"Total co«pi1ed receipts for I9I6-I92I excludes wholly t»-eieapt Interest received on certain Govemaent obligations 
(te>s th«n tuOO Billion) and aott dosestic dividends received (less than {SIO ■illlon). 



141 



142 



CORPORATION INCOME TAX RETURNS. 1945-1964 



receipts, net income or deficit, taxes, dividends 
paid, and total assets, by income and deficit status . 

The number of returns, items of receipts and de- 
ductions, compiled net profit or net loss, net income 
or deficit, taxes, and dividends paid are shown in 
table 4-0 for all active corporation returns and for 
returns with net income. For returns with balance 
sheets these items, together with items of assets 
and liabilities, are givenin table <41 for all active 
corporation returns and for returns with net income. 

Data by major industrial groups are presented in 
table i*2. Items shown are the number of returns, 
total compiled receipts, net income of deficit, and 
taxes . Data for returns with net income and returns 
without net income are given separately. 

Table A3 presents data for returns filed on a con- 
solidated basis and shows the number of returns and 
subsidiaries, total compiled receipts, net income or 
deficit, and taxes, by net income and deficit status . 



COMPARABILITY OF HISTORICAL DATA 

The comparability of corporate statistics derived 
from income tax returns over a period of years is 
affected by a number of factors . Changes in income 
tax law affecting the data can be traced through a 
historical period and the effect estimated, but the 
effects resulting from a change in methods of filing 
or in the classification of a return because of 
changed status of a company are more difficult to 
identify and appraise. Some of the factors affect- 
ing comparability are discussed in the following 
paragraphs . This discussion covers both broad areas 
of data and specific items . 

Accrued expenses 

Beginning in 1954, accrued expenses were tabulated 
as a separate balance sheet item. Accrued expenses 
were combined with "Other liabilities" prior to 1954. 

Accumulated amortization and depreciation and Accu- 
mulated depletion 

For the years prior to 1954, these asset items 
were tabulated as "Reserves" under "Gross capital 
assets (except land)." 

Amortization 

Under the 1954 Code, amortization in historical 
tables 40 and 41 includes not only deductions taken 
in lieu of depreciation for emergency facilities 
(sec. 168 of the 1954 Code) and grain storage facil- 
ities (sec. 169) as explained below for 1953, but 
also deductions taken for research or experimental 
expenditures capitalized but not subject to depre- 
ciation (sec. 174), mine exploration expenditures 
(sec. 615), and organizational expenditures (sec. 
248), which are described in "Changes in Law Affect- 
ing 1954 Data," and development expenditures (sec. 
616), which, like exploration expenditures do not 
apply to oil and gas wells and may be taken in the 
year incurred as "Cost of sales or operations" or 
"Other deductions" or as a deferred expense charged 
off ratably against units of minerals sold. 

The amortization deduction for 1953 is that pro- 
vided by sections 124A and 124B of the 1939 Code. 



Section 124A provides for the amortization of the 
cost of emergency facilities necessary for national 
defense and acquired or completed during the emer- 
gency period beginning January 1,1950. Section 124B 
was enacted in the Technical Changes Act of 1953 to 
alleviate a critical shortage in grain storage fa- 
cilities and is applicable to cost of erection or 
reconstruction of such facilities Incurred after 
December 31, 1952. A 60-month amortization period 
is provided for both types of facilities. For 1950- 
52 the amortization deduction is that claimed under 
section 124A only. For 1945-49 amortization of emer- 
gency facilities was authorized by section 124 of 
the Code (1939) and was applicable to cost of emer- 
gency facilities acquired or completed during the 
emergency period beginning January 1, 1940. On 
September 29, 1945, the President proclaimed the 
ending of the emergency period defined in section 
124. As a result, taxpayers holding certified emer- 
gency facilities on which the 60-month amortization 
period had not expired could elect to terminate the 
amortization period as of September 30, 1945, and 
recompute the amortization deduction for each tax 
year involved, on the basis of the actual number of 
months in the shortened period. Thus, the amortiza- 
tion deductions reported on the 1945 returns are, in 
many instances, the increased amounts based on the 
shortened period . 

See "Accumulated amortization and depreciation and 
Accumulated depletion" above and "Cost of goods sold 
and Cost of operations" below. 

Consolidated returns 

Election to file, or to discontinue filing, a con- 
solidated return results in relocation, classifica- 
tion-wise, of data for the companies included in the 
affiliated group. For example, industrial classi- 
fication is based on the principal source of the 
collective receipts reported on the return. Thus, 
for a consolidated return, data for companies which, 
if nonconsolidated returns were f iled^ would fall in 
several industrial groups are contained in one in- 
dustry classification. Use of the consolidated re- 
turn also eliminates from the data reported profit 
or loss on intercompany transactions . Table C of the 
Synopsis of Federal Tax Laws shows the provisions of 
law governing election and discontinuance of filing 
consolidated returns . 

For a description of changes effected by the 1954 
Code, see "Consolidated returns" under "Changes in 
Law Affecting 1954 Data," page 14. 

Cost of goods sold and Cost of operations 

Beginning in 1951 these items were reduced by any 
identifiable amounts of taxes, depreciation, deple- 
tion, amortization, advertising, and contributions 
under pension plans and, beginning in 1952, under 
other employee benefit plans included therein. Such 
items were transferred to their respective headings. 
For years prior to 1951, only amortization and pension 
plan contributions were so treated. 

Depreciation and depletion 

"Depreciable assets" and "Depletable assets" were 
combined as "Gross capital assets (except land)" 
before 1954. 



CORPORATION INCOME TAX RETURNS, 1945-1964 



143 



See "Cost of goods sold and Cost of operatirons" 
and "Accumulated amortization and depreciation and 
Accumulated depletion" above . 

Employee benefit plans (other than pension plans, etc.) 

The deduction in historical tables 40 and "41 for 
"Amounts contributed under other employee benefit 
plans" was tabulated with "Other deductions" prior 
to 1952. 

See "Cost of goods sold and Cost of operations" 
above . 



Excess profits taxes 

The excess profits tax in effect for 1950-53 is 
that imposed by section 430 which was added to the 
1939 Code by the Excess Profits Tax Act of 1950, 
effective July 1, 1950. The amounts tabulated are 
after limitation and certain adjustments and before 
credit for foreign taxes paid . This tax terminated 
December 31, 1953, and for returns with fiscal years 
beginning before and ending' after that date the tax 
is a prorated amount determined according to the 
n\imber of days in the fiscal year before January 1, 
1954. 

The excess profits tax in effect during 1945-46 
is that imposed by section 710 of the 1939 Code 
(added by the Second Revenue Act of 1940) and is the 
tax shown in historical tables 39 through 43 for 
the year 1946. For 1945 the excess profits tax com- 
piled for the historical tables consists of the ex- 
cess profits tax imposed by section 710 and the de- 
clared value excess-profits tax imposed by section 
600 of the 1939 Code under the tax provisions of 
the National Industrial Recovery Act of 1933. The 
amounts of declared value excess-profits tax included 
in the data are shown in footnotes to the historical 
tables . 

The excess profits tax tabulated for 1945-46 is 
the amount reported on the corporation excess profits 
tax return less the 10 percent credit. The amounts 
tabulated for each of the years 1945 and 1946 are 
also before the amovint deferred under section 710 
(a) (5) (relating to abnormalities under section 722) 
and before credit for foreign taxes paid, but are 
after any adjustments reported on the returns under 
other relief provisions . 

Effective January 1, 1946, the corporate excess 
profits tax under section 710 was repealed. The 
amount of tax shown for 1946 is limited to 11,053 
taxable excess profits tax returns, filed for fiscal 
years ending within the period July through November 
1946, on which an excess profits tax liability is 
reported for the portion of the accounting period 
in 1945. The declared value excess-profits tax im- 
posed by section 600 was repealed, effective with 
respect to income-tax taxable years ending after 
June 30, 1946. 



Gross capital assets (except land) 

Beginning in 1954, capital assets were tabulated 
among the balance sheet items as "Depreciable assets" 
and "Depletable assets," and capital "Reserves" be- 
came "Accumulated amortization and depreciation" and 
"Accumulated depletion." 



Industrial classification 

Beginning in 1952, data for the two Finance groups 
"Banks and trust companies" and "Credit agencies oth- 
er than banks" were increased by the inclusion of 
returns for mutual savings banks and savings and 
loan, building and loan associations, respectively. 
For taxable years beginning before January 1, 1952, 
these organizations were exempt from taxation under 
section 101 of the 1939 Code. 

In 1948 the Industrial Classification used in clas- 
sifying income tax returns was revised to conform, 
in general, to recent revisions in the Standard In- 
dustrial Classification. A comparison of the in- 
dustrial classifications used for Statistics of In- 
come for 1947 and 1948 is shown on pages 425-450, 
Statistics of Income for 1948, Part 2. Adjustments 
were made in compiling the historical data by major 
industrial groups in table 42 where transfer of en- 
tire minor industrial groups or combination of two 
or more major groups made possible the improvement 
of comparability between the 1948-54 data and the 
1945-47 data. These adjustments are as follows: 

Mining and Quarrying 

Nonmetal lie mining and quarrying. — For 1945-47 
data, 'two major groups "Nonmetallic mining and 
quarrying" and "Mining and quarrying not allo- 
cable" are combined. 

Manfacturing 

lexti le-mill products, — For 1945-47 the two 
major groups "Cotton manufactures" and "Textile- 
mill products, except cotton" are combined. 

Lumber and wood products, except furniture; 
Furniture and fixtures- — Adjustments have been 
made in the 1948-54 data by transferring data 
for "Other wood products" from "Lumber and wood 
products, except furniture" to the major group 
"Furniture and fixtures." Adjustments have been 
made for 1945-47 by transferring "Wooden con- 
tainers" from "Furniture and finished lumber 
products" to "Lumber and timber basic products" 
and by transferring "Matches" from "Furniture 
and finished lumber products" to "Other manu- 
facturing." 

Primary metal industries and Fabricated metal 
products (except ordnance, machinery , and trans- 
portation equipment) . — For 1948-54 data the two 
major groups "Primary metal industries" and "Fab- 
ricated metal products, except ordnance, machin- 
ery, and transportation equipment" are combined. 
The 1945-47 data are obtained by combining the 
two major groups "Iron, steel, and products" and 
"Nonferrous metals and their products," the form- 
er group having been adjusted to exclude the five 
minor groups comprising "Ordnance and accesso- 
ries" for 1948-54, and the latter group having 
been adjusted to exclude "Clocks and watches" 
and "Jewelry (except costume), silverware, plated 
ware . " 

Ordnance and accessories. — Ordnance and acces- 
sories became a major group in 1948. The data 
shovm for 1945-47 have been extracted from the 
major group "Iron, steel, and products," where 
data for "Ordnance and accessories" were tabu- 
lated as five minor groups. 



144 



CORPORATION INCOME TAX RETURNS, 1946-1954 



Scienti fie instruments; photographic equip- 
ment; watches, clocks; and other. — For 194-8-54- 
data the two major groups "Scientific instru- 
ments; photographic equipment; watches^ clocks" 
and "Other manufacturing" are combined. The 
19<i5_47 data are obtained by (l) combining the 
two major groups "Other manufacturing" and "Man- 
ufacturing not allocable" and (2) by adding 
thereto "Clocks and watches" and "Jewelry (ex- 
cept costume), silverware, plated ware" (trans- 
ferred from "Nonferrous metals and their prod- 
ucts") and "Matches" (transferred from "Fur- 
nitiu-e and finished lumber products"). 

Public Utilities 

Electric and gas util ities and Other public 
utilities For 1945-47 "Electric and gas util- 
ities," which appears as a major group for the 
first time in 194-8, has been extracted from 
"Other public utilities." 

TRADE: Retail 

Automotive dealers and filling stations. — For 

1945-47 the two major groups "Automotive deal- 
ers" and "Filling stations" are combined. 

Building materials and hardware, — For 1945-47 
the two major groups "Hardware" and "Building 
materials, fuel, and ice" are combined. 

Other retail trade For 1945-47 data the three 

major industrial groups "Other retail trade," 
"Package liquor stores," and "Retail trade not 
allocable" are combined. 

Finance 

Credit agencies other than banks. — For 1945- 
47 data the three major industrial groups "Long- 
term credit agencies, mortgage companies except 
banks," "Short-term credit agencies, except 
banks," and "Finance not allocable" are combined. 

Holding and other investment companies. For 

1945-47 data the three major industrial groups 
"Investment trusts and investment companies," 
"Other investment companies, including holding 
companies," and "Other finance companies" are 
combined . 

Services 

Other services , including schools. — For 1945- 
47 data the two major industrial groups "Other 
service, including schools," and "Service not 
allocable" are combined. 
Comparability of industrial data may also be af- 
fected by shifts in the industrial classification 
of an individual corporation whose major source of 
income has changed, and by a change from filing a 
consolidated return to filing separate returns, or 
vice versa, by a group of affiliated corporations. 
For provisions controlling the filing of consoli- 
dated retU2Tis see Synopsis of Federal Tax Laws, ta- 
ble C, page 186. 

Insurance carriers 

Provisions under the 1954 Code are substantially 
the same as under the Revenue Act of 1951 which a- 



mended the 1939 Code with respect to credits and tax 
rates applicable to income of life insurance com- 
panies. Provisions of law affecting life insurance 
companies are shown in the Synopsis of Federal Tax 
Laws, footnotes 4(g) and 5(b), pages 188 and 189. 

Intangible assets 

See "Explanation of Terms," page 25 of this vol- 
ume. Prior to 1954, intangible assets were included 
in "Gross capital assets (except land)" or other 
asset items. 

Interest received on Government obligations, sub- 
ject to surtax only 

This interest consists of interest on United States 
savings bonds and Treasury bonds owned in principal 
amount of over $5,000 issued prior to March 1,1941, 
and interest on obligations of instrumentalities of 
the United States (other than obligations of Federal 
land banks, joint stock land banks, and Federal in- 
termediate credit banks) issued prior to March 1, 
1941. For 1945 amounts shown include interest sub- 
ject to surtax only and interest subject to declared 
value excess-profits tax and surtax. "Interest on 
United States Savings bonds and Treasury bonds owned 
in principal amount of over $5,000 issued prior to 
March 1, 1941" was subject to declared value excess- 
profits tax and surtax. The amounts of such inter- 
est reported far 1945 are shown in footnotes to the 
historical tables. The interest tabulated is less 
amortizable bond premium. 

Internal Revenue Code of 1954 and Amendments to the 
Code of 1939 

The Internal Revenue Code of 1954, enacted August 
16, 1954, was generally effective for tax years which 
began after December 31, 1953 and ended after August 
16, 1954. "Changes in Law Affecting 1954 Data," 
page 10, describes the more important changes in 
revenue law made by the 1954 Code affecting the com- 
parability of data. During the period 1945-53 the 
1939 Code was amended by the Tax Adjustment Act of 
1945, the Revenue Acts of 1945, 1950, and 1951, and 
the Excess Profits Tax Act of 1950. The synopsis 
of laws, pages 181-190, shows a comparison of tax 
rates and bases, provisions pertaining to capital 
gains and losses, and provisions pertaining to con- 
solidated returns for the years 1945-54. 

Other specific items affected by the 1954 Code and 
these amendments to the 1939 Code are listed as sep- 
arate paragraphs in this discussion. 

Net income or deficit 

Net income or deficit for 1946-54 is the differ- 
ence between the total income and the total deduc- 
tions reported, exclusive of the net operating loss 
deduction and the special deductions applicable in 
1954; for 1945 is the amount reported for declared 
value excess-profits tax computation, adjusted by 
excluding net operating loss deduction and adding 
Government interest subject to surtax only and ex- 
cess of net long-term capital gain over net short- 
term capital loss. These adjustments make the a- 
mounts tabulated during the two periods comparable. 



CORPORATION INCOME TAX RETURNS, 1946-1954 



145 



Net operating loss deduction 

This deduction in historical tables 40 and -41 is 
the net operating loss carryover as defined in sec- 
tion 172 of the 195^4 Code and section 122 of the 
1939 Code and does not take into account whatever 
revisions may subsequently be made as the result of 
any carryback of net operating loss from the suc- 
ceeding tax year. The net operating loss deduc- 
tion in any taxable year is first used as a carry- 
back and, to the extent not so used, may be used as 
a carryover. The net operating loss for WS** may 
be carried back for 2 preceding years and carried 
over for 5 succeeding years; for 1950-53, the carry- 
back is for 1 year; for 19<i8-'49, the carryback is 
for 2 years, and the carryover for 3 years; for 1945- 
47, the carryback is for 2 years and the carryover 
for 2 years. However, for corporations commencing 
business after December 31, 1945, the 1947 carryover 
is for 3 years. The net operating loss deduction 
has not been taken into consideration in computing 
the net income as tabulated in Statistics of Income. 

For a discussion of the changes effected by the 
1954 Code, see "Net operating loss deduction" under 
"Changes in Law Affecting 1954 Data," page 11. 



employee benefit plans" which is tabulated separately 
beginning in 1952. 



Pension plans, amounts contributed under 

See "Cost of goods sold and Cost of operations" 
above . 



Prepaid expenses and supplies 

See "Explanation of Terms," page 27. This item 
was included in "Other assets" prior to 1954. 



Sampling of returns 

Beginning in 1951 corporate data are based on a 
probability sample of the returns filed. A descrip- 
tion of the sample and the sampling variability to 
be expected for any year maybe found in the Statis- 
tics of Income for that year. For the period 1945- 
50, data were tabulated from all returns filed. 



Other deductions 

For 1945-51 this item, in 
and 41, includes 



historical tables 40 
"Amounts contributed under other 



Taxes paid 

See "Cost of 
above . 



goods sold and Cost of operations" 



TABLES FROM CORPORATION INCOME TAX RETURNS FOR 1945-54 

Page 

ALL CORPORATION RETURNS 

38. Number of returns, by income and deficit status, and by 

size of net income, deficit, and total assets 14-7 

ALL ACTIVE CQRPORATIGN RETURNS 

39. Number of returns, total compiled receipts, net income or 

deficit, taxes, dividends paid, and total assets, by in- 
come and deficit status 149 

•40. Income statements 151 

RETURNS WITH BALANCE SHEETS 

41. Balance sheets and related income statements 153 

ALL ACTIVE CORPORATION RETURNS 

42. Number of returns, total compiled receipts, net income or 

deficit, and taxes, by major industrial group and by in- 
come and deficit status 155 

CONSOLIDATED RETURNS 

43. Number of returns and subsidiaries, total compiled receipts, 

net income or deficit, net operating loss deduction, and 
taxes, by income and deficit status 170 

146 



CORPORATION INCOME TAX RETURNS, 1945-1954 



147 



ALL CORPORATION RETURNS 

T>bi» 38.— NUMBEB OF RETURNS, BY INCOME AND DEFiaX STATUS, AND BV SIZE OF NET INCOME, DEFICIT, AND TOTAL ASSETS 



Size of net income, deficit, arei total assets 



Total number of returns. 

Inactive corporations^ 
Active corporations . . . 



Number of returns of active corporations lith net income; 
Returns with and without balance sheets — 
By size of net income : 

Under $1,CXX) 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$i,0O0 under $5,000 

$5,000 under $10,0(X) 

$10,000 under $15,000 

$15,000 uiKier $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,0O0,CXX) under $10,000,000 

$10,000,000 or more 

Total 

Returns with balance sheets — 
By size of net income : 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 

Iota 1 

By size of total assets: 

Under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $2,500,000 

$2,500,000 under $5,000,000 

$5,000,00) under $10,000,000 

$10,000,000 under $25,000,000 

$25,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 or nore 

Total 



Number of returns of active corporations without net income : 
Returns with and without balance sheets — 
By size of deficit: 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 unler $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 

Total 



665,992 



649,957 



630,670 



526,363 



31,214 
722,805 



32,999 
697,975 



33,426 
672,071 



34,934 
652,376 



36,678 
629,314 



35,115 
614,842 



36,427 
594,243 



35,876 
551,807 



35,211 
491,152 



98, 132 
45, M7 
31,083 
22,587 
18,868 

58,819 
36,010 
25,399 
24,420 
35,397 

18,877 
13,805 
5,399 
2,953 
2,889 

432 

460 



61,496 
36,236 
26,653 
26,419 
32,019 

18,820 

13,789 

5,397 

3,059 

2,990 

463 
512 



91,323 
43,958 
30,341 
22,399 
19, 160 

61,780 
37, 136 
27,752 
26,357 
33,470 

20,623 

15,064 

5,968 

3,243 

3,020 

455 

508 



85,579 
41,319 
29,651 
22,388 
18,433 

60,292 
35,960 
27,533 
26,120 
36,933 

22,785 
17,163 
6,656 
3,693 
3,435 

536 
551 



80,317 
40,176 
28,287 
21,878 
17,820 

58,142 
34,241 
25,215 
24,713 
37,151 

24,181 
18,527 
7,215 
3,989 
3,437 

472 
522 



80,876 
39,414 
27,301 
21,057 
17,259 

53,215 
30,737 
21,036 
18,444 
30,670 

19,344 
14,324 
5,173 
2,766 
2,441 

354 
361 



74,248 
37,465 
26,349 
20,389 
17,257 

54,533 
31,987 
22,469 
20,221 
35,284 

23,291 

17,930 

6,815 

3,612 

3,149 

422 
419 



66,516 
34,355 
24,265 
19,537 
16,110 

52,897 
31,874 
22,098 
20,445 
36,696 

23,890 

18,688 

7,286 

3,606 

3,323 

392 
353 



60,207 
32,005 
23,055 
18,218 
15,815 

50,942 
30,621 
20,971 
18,119 
35,645 

22,736 
17,308 
6,734 
3,533 
2,806 

316 

279 



441,177 



384,772 



395,860 



359,310 



88,856 
42,378 
29,452 
21,572 
18,064 

56,809 
35,058 
24,764 
23,945 
34,696 

18,575 
13,599 
5,316 
2,874 
2,839 

424 
458 



59,222 
35,196 
26,132 
26,013 
31,414 

18, 527 

13,564 

5,316 

3,012 

2,944 

460 
509 



59,253 

35,909 
27,078 
25,801 
32,895 

20,319 

14,878 

5,886 

3,182 

2,990 

446 
508 



75,340 
37,769 
27,716 
21,120 
17,507 

57,756 
34,869 
26,843 
25,626 
36,289 

22,440 

16,931 

6,547 

3,637 

3,384 

533 
547 



69,576 
36, 598 
26,292 
20,622 
16,874 

55,652 
33,115 
24,509 
24,078 
36,291 

23,728 

18, 193 

7,098 

3,918 

3,383 

466 
521 



69,898 
35,829 
25,229 
19,736 
16,323 

50,943 
29,766 
20,498 
17,968 
30,023 

19,022 

14,090 

5,C»3 

2,713 

2,405 

349 

358 



63,626 
33,729 
24,227 
18,993 
16,243 

51,916 
30,882 
21,809 
19,583 
34,477 

22,634 

17,584 

6,685 

3,541 

3,093 

419 
415 



56,269 
30,805 
22.269 
18,214 

15,100 

50,302 
30,715 
21,399 
19,731 
35,766 

23,415 
18,235 
7,111 

3,717 
3,258 

387 
351 



50,137 
28,403 
21,021 
16,625 
14,769 

48,301 
29,493 
20,341 
17,596 
34,719 

22,224 

16,869 

6,551 

3,457 

2,746 

314 
276 



419,679 



418,150 



418,174 



414,856 



69,224 
60,772 
77,717 
96,554 
46,870 

26,551 

19,803 

8,939 

5,085 

3,384 

1,244 

684 

477 

375 



79,660 
97,124 
44,201 

25,818 

28,230 
5,153 

4,630 
663 
863 



131,791 

60,035 
96,984 
43,535 

26,120 

26,542 

5,174 

4,544 
640 
809 



76,197 
95,667 
44,065 

26,149 
28,620 
4,944 

4,261 
595 
733 



76,225 
92,108 
42,960 

25, 562 
27,993 

4,719 

4,030 
577 
673 



120,101 

69,704 
79,891 
36,052 

21,124 
24,437 
4,289 

3,519 
520 

606 



71,897 
60,853 
36,479 

21,358 
24,843 
4,454 

3,507 
497 

586 



125,454 

69,185 
75,243 
33,941 

20,429 
24,187 
4,285 

3,327 
460 

530 



62,601 
65,285 
29,861 

18,375 

22,392 

3,944 

3,066 
422 

487 



414,856 



360,243 



357,041 



116,022 
33,798 
21,483 
15,581 
11,627 

32,848 
14,834 
6,292 
5,167 
11,044 

5,213 

2,478 

747 

264 

199 

21 

10 



28,882 
12,616 
7,390 
4,672 
9,392 

3,999 

2,026 

518 

195 

111 



102,811 
29,104 
17,715 
12,272 
9,CH5 

24,844 

11,015 

5,680 

3,612 

7,628 

3,231 

1,867 

389 

184 

64 

10 
3 



94,671 
28, 165 
16,510 
11,697 

8,512 

22,849 

10,355 

5,230 

3,171 

6,743 

3,224 

1,549 

394 

172 

82 



92,078 
26,440 
16,221 
11,190 
8,236 

21,697 
9,281 
4,970 
2,694 

5,706 

2,650 

1,198 

273 

127 

64 



93,950 
28,436 
18,296 
13,034 
10,051 

27,237 
12,340 
6,894 
4,283 
8,685 

3,996 

1,953 

544 

226 

129 

11 
5 



86,967 
24,470 
15,416 
10,923 
8,048 

22,119 
9,£A4 
5,361 
3,255 
6,715 

3,174 

1,577 

444 

167 

92 



78,547 

20,856 

12,613 

8,692 

6,627 

17,214 
7,694 
4,097 
2,631 
5,432 

2,646 

1,418 

432 

227 

124 

17 
9 



69,146 

15,819 

6,878 

5,940 

4,248 

10,976 
4,779 
2,597 
1,732 
3,536 

1,985 

1,291 

469 

218 
192 

18 
18 



281,628 



256,208 



229,494 



213,329 



203,031 



230,070 



198,383 



169,276 



131,842 



454,460 



33,335 
421,125 



59,737 
30,532 
21,542 
16,893 
14,346 

48,479 
26,983 
15,597 
10,429 
23,090 

14,432 
11,011 
4,571 
2,535 
2,278 

296 
268 



303,019 



49,647 
27,085 
19,607 
15,735 
13,503 

46,338 
26,271 
15,275 
10,228 
22,679 

14,214 
10,844 
4,504 
2,501 
2,251 

294 
268 



281,244 



49,254 
50,370 
23,608 

15,490 

20,108 

3,684 

3,002 
403 
512 



69,755 
13,790 
7,388 
4,612 
3,185 

7,767 
.3,272 
1,890 
1,221 
2,552 

1,366 

809 

276 

128 

83 

7 

5 



^Historical tables do not include any data for inactive returns other than the number of returns in this table. 

NOTE: For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables. "Description of the Sample and Limitations of 
Data" for each of the years 1951-54 appears in the annual volume for those years. 



148 



CORPORATION INCOME TAX RETURNS, 1945-1954 



ALL CORPORATION RETURNS 

T>U> as.— NUMBER OF RETURNS, BY INCOME AND DEFICIT STATUS, AND BY SIZE OF NET INCOME, DEFIOT, AND TOTAL ASSETS— Comiou.d 



Size of net Income^ deficit^ and total assets 



1953 



1952 



1951 



1948 



19-17 



Number of returns of active corporations without net 
Income — Continued 
Returns with balance sheets — 
By size of deficit: 

Under $1,000 

$1,000 under $2,000 

$2,000 under $3,000 

$3,000 under $4,000 

$4,000 under $5,000 

$5,000 under $10,000 

$10,000 under $15,000 

$15,000 under $20,000 

$20,000 under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 or more 

Total 

By size of total assets: 

Under $25,000 

$25,000 under $50,000 

$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $2,500,000 

$2,500,000 under $5,000,000 

$5,000,000 under $10,000,000 

$10,000,000 under $25,000,000 

$25,000,000 under $50,000,000 

$50,000,000 under $100,000,000 

$100,000,000 under $250,000,000 

$250,000,000 or more 

Total 



98,514 
29,687 
19,317 

14, 0^4 
10, 673 

30,221 
14,001 
7,909 
4,341 
10,466 

4,967 
2,357 

702 
253 
191 

20 



26,463 
11,848 
6,796 

4,424 
8,804 

3,835 

1,833 

488 

178 

103 



22,705 

10,025 

5,176 

3,338 

7,179 

3,081 

1,774 

381 

171 

82 

10 
3 



75,409 
24,176 
14,478 
10,411 
7,640 

20,830 
9,346 
4,810 
3,022 
6,308 

3,027 

1,466 

365 

157 

79 

3 
2 



71,788 
22,324 
13,961 
9,758 
7,239 

19,337 
8,321 
4,498 
2,667 
5,208 

2,427 

1,092 

246 

117 

58 



73, 194 
24,124 
15,909 
11,535 
8,935 

24, 539 
11,273 
6,317 
3,960 
8,083 

3,755 

1,856 

500 

212 

122 

11 



67,676 
20,756 
13,325 
9,602 
7,170 

19,959 
8,875 
4,971 
3,013 
6,299 

2,988 
1,485 

411 
153 
84 



60,021 
17,473 
10,808 
7,575 
5,853 

15,409 
6,956 
3,742 
2,421 
5,007 

2,463 

1,320 

395 

201 
113 

15 



52,136 

13,086 

- 7,641 

5,140 

3,725 

9,676 
4,311 
2,349 
1,561 
3,227 

1,820 

1,193 

436 

197 

174 

18 
18 



248,177 



197,524 



106,708 



98,380 
44,669 
39,284 
35,745 
13,486 

7,066 
5,103 
1,925 
1,239 

844 
246 

110 



36,059 
30,825 
11,24G 

6,027 
5,575 

1,028 

920 
79 
52 



29,745 
25,139 
9,441 

5,170 

5.037 

965 

676 
68 

45 



28,070 

22,699 

8,330 

4,206 

3,421 

359 

220 
32 
14 



25,420 
19,395 
6,755 

3,531 

2,650 

268 

187 
19 
15 



30,174 

24,371 

8,582 

4,527 

3,356 

361 

242 
36 

17 



24,850 
19,488 
6,887 

3,445 

2,571 

279 

202 
32 

15 



93,169 

19,817 

15,466 

5,630 

2,829 
2,260 

291 

238 
49 

31 



71,467 

14,220 
11,307 
4,403 

2,428 

2,226 

297 

275 
41 
44 



221,923 



106,708 



51,954 

11,458 

6,282 

3,969 

2,795 

6,885 
2,895 
1,695 
1,097 
2,299 

1,212 

720 

246 

112 

75 



62,975 

12,177 
9,938 
3,975 

2,179 

1,949 

264 

195 
24 

30 



93,706 



NOTE: For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables. 
Data" for each of the years 1951-54 appears in the annual volume for those years. 



"Description of the Sample and Limitations of 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



149 



ALL ACTIVE C0RP0RAT10^ RETURNS 

T«bU 39.— NUMBER Of RETURNS. TOTAL COMPILED RECEIPTS. NET INCOME OR DEE1CIT. TAXES, DIVIDENDS PAID. AND TOTAL ASSETS, BY INCOME AND DEFICIT STATUS 



Size of net income, deficit, and total 
assets, selected items 



RETl/RNS WITH NET INCOME 

Returns with and without balance sheets: 
Number of returns 



Ttttal ccsnpiled receipts. 

Net incooe — 

By size of net income: 

Under $1,000 

$1,000 under $2,000. 
»2,000 under $3,000. 
$3,000 under $4,000. 
$4,000 under $5,000. 



$5,000 under $10,000.. 
$10,000 under $15,000. 
$15,000 under $20,000. 
$20,000 under $25,000. 
$25,000 under $50,000. 



$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under *500,000 

$500,000 under »1, 000, 000 

$1,000,000 under $5,000,000.. 

$5,000,000 under $10,000,000. 
$10,000,000 or more 



Tax liability: 

Income tax 

Excess profits taxes . 



Dividends paid: 

Cash and assets other than oim stock. 
Corporation's own stock 



Returns with balance sheets: 
Number of returns 



Total compiled receipts. 



Net income — 

By size of total assets: 

Under $25,000 

$25,000 under $50,000... 
$50,000 under $100,000.. 
$100,000 under $250,000. 
$250,000 under $500,000. 



$500,000 under $1,000,000 

$1,000,000 under $2,500,000.. 
$2,500,000 under $5,000,000.. 
$5,000,000 under $10,000,000. 



$10,000,000 under $25,000,000... 
$25,000,000 under $50,000,000... 
$50,000,000 under $100,000,000.. 
$100,000,000 under $250,000,000. 
$250,000,000 or more 



Total 

Tax liability: 

Income tax 

Excess profits taxes. 



Dividends paid: 

Cash and assets other than own stock. 
Corporation's own stock 



Total assets — 

By size of total assets: 

Under $25,000 

$25,000 under $50,000... 
$50,000 under $103,000.. 
$100,000 under $250,000. 
$250,000 under $500,000. 



$500,000 under $1,000,000 

$1,000,000 under $2,500,000.. 
$2,500,000 under $5,000,000.. 
$5,000,000 under $10,000,000. 



$10,000,000 under $25,000,000... 
$25,000,000 under $50,000,000... 
$50,000,000 under $100,000,000.. 
$100,000,000 under $250,000,000. 
$250,000,000 or more 



Total. 



441,177 



4il,767 



4i2,577 



439,047 



426,283 



395,860 



382,531 



359,310 



303,019 



(Thoutentf doltara) 



484,727,446 



38,700 
65,907 
76,754 
78,589 
84,437 

424,565 
445,048 
442,707 
551,439 
1,219,066 

1,320,471 
2,140,746 
1,885,549 
2,058,194 
6,000,353 

3,051,816 
19,688,489 



16,823,241 
37,711 



16,860,952 



11,590,810 
1,316,460 



506,450,086 



346,294 



444,201 
446,043 
463,245 
595,915 
1,107,461 

1,320,177 
2,136,675 
1,878,541 
2,129,879 
6,282,785 

3,225,102 
21,443,127 



18,255,625 
1,613,424 



11,422,624 
1,089,355 



486,441,344 



36,612 
64,153 
74,980 
77,925 
I 86,580 

447,571 
458,022 
483,872 
594,566 
1,162,855 

1,443,968 
2,335,476 
2,080,026 
2,260,864 
6,351,075 

3,129,000 
19,344,152 



17,596,969 
1,550,725 



19,147,694 



11,133,098 
1,341,921 



479,243,451 430,637,780 350,168,722 379,309,471 343,273,851 265,597,448 



34,786 
59,946 
72,944 
77,709 
82,488 

434,990 
442,428 
478,606 
586,340 
1,284,587 

1,595,179 
2,662,638 
2,316,018 
2,569,229 
7,103,350 

3,705,378 
21,826,557 



45,333,173 



19,623,441 
2,458,676 



22,032,117 



11,180,692 
1,395,808 



33,050 
58,772 
69,861 
75,957 
79,918 

419,384 
421,169 
437,797 
555,877 
1,293,807 

1,639,930 
2,872,620 
2,496,855 
2,775,818 
7,135,473 

3,275,777 
20,448,676 



44,140,741 



15,929,488 
1,387,444 



11,454,755 

1,278,908 



32,759 
57,617 
67,668 
73,254 
77,462 

383,819 
378,268 
365,754 
415,460 
1,064,615 

1,359,347 
2,218,039 
1,812,221 
1,933,252 
5,054,284 

2,482,857 
12,799,841 



30,576,517 



9,409,065 
659,043 



30,419 
54,773 
65,297 
70,983 
77,514 

394,052 
393,774 
391,366 
455,811 
1,227,329 

1,638,322 
2,783,257 
2,371,864 
2,512,794 
6,494,787 

2,933,395 
14,377,513 



9,278,833 

1,009,031 



370,056 



27,629 
50,614 
60,081 
68,093 
72,284 

382,820 
393,070 
384,253 
461,735 
1,283,695 

1,684,769 
2,897,136 
2,530,132 
2,642,213 
6,683,179 

2,747,218 
11,012,370 



33,381,291 



8,222,121 
692,434 



357,041 



25,177 
47,003 
57,116 
63,534 
70,921 

371,280 
376,641 
363,745 
408,159 
1,243,324 

1,600,462 
2,685,312 
2,350,407 
2,458,464 
5,608,499 

2,180,118 
7,269,430 



;, 606, 695 
268,145 



8,874,340 



7,241,416 
520,618 



239,045,611 



24,628 
44,742 
53,316 
58,813 
64,457 

354,661 
330,635 
269,914 
233,398 
810,206 

1,013,553 
1,725,564 
1,597,154 
1,756,507 
4,608,699 

2,046,643 
7,172,315 



4,182,705 
'6,612,045 



10,794,750 



5,917,615 
329,241 



(Thovaand dollai 



478,814,711 



120,604 

234,277 

517,966 

1,280,351 

1,251,113 

1,456,570 
2,216,386 
1,928,440 
1,997,310 

3,067,361 
2,416,323 
2,776,812 
3,840,756 
16,032,409 



39,137,178 



16,645,457 
36,323 



16,682,285 



11,526,838 
1,311,537 



900,512 

2,233,889 

5,639,117 

15,777,491 

16,376,326 

18,605,649 
30,861,505 
31,300,669 
35,632,677 

52,023,111 
42,923,069 
48,035,363 
73,113,973 
340,101,726 



713,530,577 



501,863,377 



539,017 
1,256,572 
1,227,269 

1,470,884 

■ 4,307,847 

2,165,921 

6,065,047 

2,831,299 

21,206,337 



41,440,712 



18,098,932 
1,594,314 



11,370,316 
1,085,462 



3,238,242 

5,730,331 
15,503,348 
15,489,264 



18,063,587 

\ 61,329,541 

35,904,953 

\ 95,168,366 

46,635,693 

■395,690,882 



692,354,707 



431,670,829 



576,278 
1,363,637 
1,335,390 

1,642,652 
4,692,437 
2,295,990 

6,053,324 

2,786,787 

13,956,422 



40,085,418 



17,464,824 
1,537,527 



11,077,193 
1,338,850 



5,327,237 
15,464,265 
15,281,798 

18,249,333 
61,375,422 
36,089,493 

91,589,575 
44,981,075 
370,219,203 



601,065 
1,503,926 
1,587,620 

1,956,225 
5,551,271 
2,596,164 

7,245,938 
3,294,518 
20,153,793 



44,902,623 



19,460,465 
2,441,544 



11,120,765 
1,392,580 



3,237,239 

5,675,796 
15,213,500 
15,431,732 

18,291,764 
61,921,178 
34,530,700 

86,284,224 
41,932,891 
334,056,977 



426,278,631 



597,873 
1,583,591 
1,743,870 

2,110,460 
5,775,187 
2,667,721 

6,947,211 
3,216,482 
18,684,058 



43,704,379 



15,789,124 
1,378,526 



11,384,344 
1,275,934 



3,109,279 

5,523,300 
14,690,700 
15,018,543 



17,885,753 
60,305,769 
32,950,356 

81,047,128 
40,200,668 
301,160,882 



345,759,287 



512,544 
1,265,963 
1,323,712 

1,504,933 
3,986,167 
1,882,745 

4,627,127 

2,321,943 

12,404,332 



30,157,553 



9,638,489 



8,439 



9,314,299 
653,255 



2,928,563 

5,045,969 
12,659,891 
12,588,840 



14,763,629 
52,682,371 
29,911,144 

71,122,007 

36,321,304 

271,738,641 



662,806,334 616,581,001 571,892,878 509,762,359 498,256,655 462,222,930 416,344,058 



374,954,342 



656,281 
1,648,682 
1,756,020 

2,013,802 
5,217,992 
2,597,278 

5,743,243 
2,564,903 
13,178,638 



35,790,976 



11,771,279 



11,771,279 



9,207,775 
1,006,567 



3,077,065 

5,193,215 
12,816,227 
12,759,629 

14,991,515 
53,810,173 
31,118,756 

70,958,071 

34,941,533 

258,590,416 



338,032,949 



469,177 

738,923 
1,780,196 
1,854,660 

2,163,571 
5,576,262 
2,597,143 

5,338,913 
2,256,804 
9,959,064 



32,789,713 



10,786,777 



10,786,777 



8,158,493 
687,556 



3,061,604 

4,978,386 
11,914,529 
11,876,304 

14,332,478 
52,676,053 
29,907,787 

67,090,243 

32,348,093 

234,037,453 



261,331,634 



550,914 

741,778 
1,634,267 
1,699,506 

1,956,014 
4,893,536 
2,230,288 

4,340,505 
1,699,622 
6,934,206 



26,680,636 



1,447,187 
263,245 



7,134,624 
515,824 



3,019,887 

4,489,292 
10,340,778 
10,462,740 

12,894,875 
43,810,390 
27,531,276 

62,338,534 
29,660,167 
207,296,119 



236,749,921 



440,054 
932,867 
994,883 

1,265,962 
3,592,722 
1,761,587 

3,949,629 
1,540,037 
7,064,743 



21,944,924 



4,139,898 
^6, 561,786 



10,701,683 



5,861,849 
326,544 



2,629,990 

3,520,096 
7,980,522 
8,279,878 

10,917,242 
43,928,294 
25,749,568 

61,373,517 
28,181,256 
223,300,079 



415,860,443 



See footnotes at end of table. For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables. 
Sample and Limitations of Data" for each of the years 1951-54 appears in the annual volume for those years. 



"Description of the 



150 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



ALL ACTIVE CORPORATION RETURNS 

T«ble 39.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS. NET INCOME OR DEFICIT. TAXES, DIVIDENDS PAID. AND TOTAL ASSETS. BY INCOME AND DEFiaT STATUS— Conliiuiad 



Size of net income, deficit, aiid total 
assets, selected items 



1954 



1953 



1952 



1951 



1950 



19i8 



1947 



RETURNS WITHOUT NET INCOME 

Returns with and without balance sheets; 
Nulnher of returns 



Total compiled receipts . 

Deficit— 

By size of deficit: 

Under $1,000 

$1,000 under $2,000. 
$2,000 under $3,000. 
$3,000 under $4,000. 
$4,000 under $5,000. 



$5,000 under $10,000.. 
$10,000 under $15,000. 
$15,000 under $20,000. 
$20,000 under $25,000. 
$25,000 under $50,000. 



$50,000 under $100,000 

$100,000 under $250,000 

$250,000 under $500,000 

$500,000 under $1,000,000 

$1,000,000 under $5,000,000.. 

$5,000,000 under $10,000,000. 
$10,000,000 or more 



Dividends paid; 
Cash and assets other than own stock. 
Corporation's own stock 



Returns with balance sheets: 
Number of returns 



Total compiled receipts. 



Deficit— 

By size of total assets: 

Under »25,000 

$25,000 under $50,000... 
$50,000 under $100,000.. 
$100,000 under $250,000. 
$250,000 under $500,000. 



$500,000 under $1,000,000 

$1,000,000 under $2,500,000.. 
$2,500,000 under $5,000,000.. 
$5,000,000 under $10,000,000. 



$10,000,000 under $25,000,000... 
$25,000,000 under $50,000,000... 
$50,000,000 'under $100,000,000.. 
$100,000,000 under $250,000,000. 
$250,000,000 or more 



Total 

Dividends paid: 

Cash and assets other than own stock. 
Corporation's own stock 



Total assets — 

By size of total assets; 

Under $25,000 

$25,000 under $50,000... 
$50,000 under $100,000.. 
$100,000 under $250,000. 
$250,000 under $500,000. 



$500,000 under $1,000,000 

$1,000,000 under $2,500,000.. 
$2,500,000 under $5,000,000.. 
$5,000,000 under $10,000,000. 



$10,000,000 under $25,000,000... 
$25,000,000 under $5b,000,000. . . 
$50,000,000 under $100,000,000.. 
$100,000,000 under $250,000,000. 
$250,000,000 or more 



213,329 



203,031 



230,070 



( Thotiumnd dot lara) 



70,094,964 



33,781 
49,144 
52,859 
54,144 
52,066 

233,419 
181,900 
143,256 
115,568 
330,345 

357,672 
377,363 
250,347 
184,573 
381,573 

138,489 
257,387 



3,244,395 



322,620 
33,581 



51,792,181 



205,177 
154,845 
127,467 
104,464 
322,582 

274,686 
302,314 
174,295 
132,234 
196,392 

49,677 
68,125 



2,334,758 



178,133 
20,905 



221,923 



44,865,954 



29,065 
41,909 
43,603 
42,615 
41,039 

176,218 

133,819 

98,639 

80,535 

261,722 

223,620 
276,433 
134,651 
125,083 
155,246 

66,354 
44,967 



1,975,518 



129,659 
21,699 



197,524 



37,795,732 



28,075 
40,779 
40,472 
40,605 
37,978 

161,787 

126,616 

90,065 

70,770 

232,722 

221,635 
231,123 
132,575 
121,806 
167,862 

18,613 
24,100 



118,768 
33,354 



181,529 



27,442,289 43,280,970 



27,203 
38,341 
39,931 
38,817 
36,858 

153,205 
113,002 
85,699 
64,547 
196,476 

181,533 
178,154 
92,736 
88,902 
117,572 

5,003 
69,458 



98,208 
13,552 



28,496 
41,436 
45,261 
45,293 
45,039 

193,529 
150,867 
119,261 
95,529 
301,025 

275,754 
293,903 
185,025 
155,283 
234,513 

70,820 
100,646 



160,027 
25,200 



194,330 



31,656,177 



25,746 
35,519 
38,078 
37,916 
36,031 

156,702 

117,762 

92,688 

72,749 

232,766 

219,384 
236,550 
151,415 
116,864 
175,283 

49,666 

51,107 



107,639 
15,676 



166,777 



24,471,727 



22,651 
30,222 
31,108 
30,237 
29,680 

121,918 
94,023 
70,682 
58,709 

188,284 

181,875 
216,576 
148,083 
155,639 
239,797 

112,153 
226,926 



142,925 
8,333 



139,780 



23,356,789 



13,822 
22,848 
21,876 
20,648 
19,060 

77,606 
58,399 
44,787 
38,571 
123,661 

137,131 
197,498 
162,760 
151,709 
368,590 

123,965 
403,775 



255,317 
6,827 



244,011 
197,963 
258,264 
447,082 
286,934 

245,448 
315,053 
209,219 
156,455 

196,183 
89,198 
147,614 
102,427 
144,641 



3,040,497 



304,791 
32,153 



1,006,873 
1,609,088 
2,790,921 
5,601,953 
4,669,489 

4,885,739 
7,956,419 
6,821,024 
8,572,253 

12,915,344 
8,481,367 
7,508,600 
9,756,495 
9,193,935 



Total 91,769,505 



385,201 

241,345 
366,156 
233,656 

218,810 

336,008 

96,608 

158,787 
90,221 
47,133 



2,173,925 



162,545 
20,106 



- 2,386,223 

2,558,431 
4,802,983 
3,898,133 

4,175,300 

■11,630,555 

7,140,659 

■17,830,947 

5,298,393 

\ 9,301,066 



69,022,690 



187,299 
264,181 
193,063 

182,690 
306,182 
114,468 

154,548 
51,464 
67,084 



1,857,038 



118,886 
21,295 



2,200,164 

2,111,405 
3,898,147 
3,289,084 

3,597,221 
10,663,281 
6,727,258 

13,163,686 
5,004,981 
8,402,703 



59,057,930 



177,606 
261,009 
177,032 

161,635 

281,519 
94,459 

98,234 
33,441 
47,892 



98,121 
32,815 



2,061,621 

1,982,310 
3,495,660 
2,898,482 

2,915,740 
6,675,179 
2,486,847 

4,221,581 
2,242,297 
1,962,864 



30,942,581 



160,265 
213,259 
139,773 

121,666 

228,495 

58,348 

78,555 

27,760 
39,150 



1,385,824 



86,385 
13,131 



1,972,202 

1,793,535 
2,995,874 
2,346,292 

2,452,006 
5,149,497 
1,817,102 

3,629,095 
1,354,430 
2,966,337 



26,476,370 



224,887 
327,966 
217,954 

212,475 
352,485 
129,996 

173,224 

106,633 

56,622 



2,216,451 



150,193 
24,676 



2,230,873 

2,130,605 
3,775,977 
2,978,121 

3,139,678 
6,615,688 
2,472,245 

4,639,745 
2,635,198 
3,131,182 



33,799,312 



30,475,248 



360,668 

185,084 
261,093 
179,259 



155,297 

266,412 

70,322 

122,860 
69,998 

34,317 



1,705,310 



96,973 
15,351 



1,929,454 

1,755,263 
3,015,860 
2,385,848 

2,370,146 
4,987,171 
1,942,412 

4,086,736 
2,227,067 
2,179,403 



26,879,360 



23,487,813 



291,610 

149,563 
205,955 
154,070 



142,068 
263,853 
88,151 

230,520 
123,037 
125,545 



1,774,372 



126,474 
7,988 



1,397,736 
2,391,796 
1,965,319 

1,960,221 
4,490,676 
2,042,326 

4,698,654 
3,391,344 
3,454,304 



32,392,113 



22,585,770 



92,552 
139,421 
115,933 

118,661 
288,512 
111,734 

256,239 
124,798 
424,297 



1,860,183 



242,983 
6,722 



1,001,580 
1,752,773 
1,534,678 

1,689,773 
4,564,263 
2,095,972 

5,557,075 
2,796,836 
15,692,107 



37,861,115 



^Includes declared value excess-profits tax of $55,039,000. 
^Includes declared value excess-profits tax of $53,740,000. 

NOTE: For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables. "Description of the Sample and Limitations of 
Iteta" for each of the years 1951-54 appears in the annual volume for those years. 



ACTIVE CORPORATION INCOME TAX RETURN^ 1945-1954 



151 



ALL ACTIVE CORPORATION RETURNS 



T>Ua 40.— INCOME STATEMENTS 



RFnJHNS WITH AND WITHOUT NET INCOME 
Hxntber of returns 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Covernment obligations (less amortizable 
bond preniuB): 

Whollj- taxable 

Subject to surtax only 

Wholly tax-exempt 



Other interest 

Rents 

Royalties 

Net short-terra capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 



Net gain, sales other than capital assets. 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled receipts. 



Deductions; 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property. 
Repairs 



Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts. 

Amortization 

Depreciation 



Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed uTider other employee benefit plans. 

Net loss, sales other than capital assets 

Other deductions 



Total compiled deductions. 



Compiled net profit or net loss (16 less 3^). 

Net income or deficit (35 less 6) 

Net operating loss deduction 



Income tax 

Excess profits taxes. 



Compiled net profit less total tax (35 less ^0). 
Dividends paid: 

Cash and assets other than om stock 

Corporation's own stock 



RETURNS WITH NET INCOME 



Number of returns. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less amortizable 
bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 



Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term 

capital loss. 
Net long-term capital gain reduced by net short-term 

capital loss. 



Net gain, sales other than capital assets. 

Di*/idends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled receipts. 



697,975 



652,376 



491,152 



(antion dollmf) 



443,637 
85,269 



2,112 
99 
392 

9,015 

4,772 

570 

71 

1,930 



723 
2,332 

613 
3,287 



554,822 



339,175 

50,551 

9,113 

5,069 

5,026 

1,350 
6,271 

12,477 
314 

13,6<.- 



2,359 
5,770 
2,840 
911 
281 
62,905 



518,102 



36,721 

36,328 

438 



16,823 
38 



16,861 



11,913 
1,350 



452,061 
82,507 



2,128 

108 
317 

8,248 

4,390 

546 

30 

1,235 



581 
2,3«9 

576 
3,127 



558,242 



346,149 

46,528 

8,777 

4,804 

5,573 

1,144 
5,681 

12,195 

495 

1,515 

10,511 

2,302 

5,4«1 

2,936 

861 

4^4 

63,006 



518,441 



39,801 

39,485 

413 



18,256 
1,613 



19,869 



11,601 
1,110 



429,514 
79,805 



1,932 
115 
279 

7,155 

4,137 

538 

25 

1,354 



486 
2,350 

548 
3,069 



330,821 

45,366 

8,430 

4,485 

5,068 

941 

5,013 

11,697 

399 

831 

9,604 

2,126 
5,027 
2,552 
630 
329 
59,252 



492 ,572 



38,735 

38,456 

396 



17,597 
1,551 



19,148 



11,263 

1,354 



442,577 



421,922 
75,281 



1,549 
149 
254 

5,272 

4,038 

501 

32 



1,390 



467 

2,377 

629 

3,178 



323,441 
43,110 
8,122 
4,222 
4,731 

757 

3,701 

11,031 

343 

292 

8,829 

2,085 
4,553 
2,327 

284 
55,413 



43,546 
402 



19,623 
2,459 



11,299 
1,429 



439,047 



374,406 
65,475 



1,554 
176 
218 

4,557 

3,562 

468 

32 

1,097 



539 
2,460 

644 
2,942 



284,699 
36,558 
7,607 
3,866 

3,750 

755 
3,2L2 
9,013 

252 

43 

7,858 

1,709 
4,097 
1,661 

223 

49,994 



42,831 

42,613 

345 



15,929 
1,387 



25,514 



11,553 
1,292 



320,598 
56,859 



1,493 
211 
192 

4,021 

3,147 

473 

25 



698 



389 
2,162 

452 
2,729 



247,311 
32,236 

6,743 
3,641 
3,533 

825 
3,045 
8,361 

223 

31 

7,191 

1,476 
3,773 
1,216 

227 
45,233 



28,387 

28,195 

196 



9,569 

684 



339,081 
56,484 



1,477 
230 
163 

3,557 

3,057 

452 

22 

827 



365 
2,194 

382 
2,675 



261,404 

32 ,820 

6,733 

3,525 

3,826 

712 
2,759 
7,482 

239 

39 

6,299 

1,711 
3,466 
1,153 

239 

43,970 



376,378 



34,588 

34,425 

204 



11,920 



9,386 

1,025 



304,296 
49,498 



1,567 
254 
192 

2,945 

2,841 

373 

24 

901 



323 
1,882 

341 
2,308 



367,746 



234,300 

28,205 

6,026 

3,245 

3,403 

685 
2,501 
6,893 

241 

59 

5,220 

1,210 
3,032 
1,038 

325 

39,741 



31,615 
31,423 

184 



8,365 

701 



234,924 
40,763 



1,740 
266 
206 

2,494 

2,585 

290 

39 

1,173 



298 

1,713 

254 

2,210 



179,769 

23,273 

5,143 

2,823 

2,716 

352 
2,251 
5,831 

214 

64 

4,202 

799 

2,408 

835 

240 
32,635 



25,399 

25,193 

140 



8,607 
268 



7,497 
527 



(Hillien dollara) 



388,712 
73,352 



1,998 
98 
384 

7,674 

3,883 

522 

61 

1,812 



629 
2,253 

607 
2.741 



484,727 



411,212 
74,151 



2,007 
107 
311 

7,142 
3,684 

500 
25 

1,150 



507 
2,365 

573 
2,715 



393 ,987 
72,652 



1,808 
114 
274 

6,308 

3,505 

498 

20 

1,286 



415 
2,325 

546 
2,702 



392,788 
67,901 



1,518 
147 
248 

5,204 

3,385 

471 

29 

1,320 



404 
2,347 

628 
2,854 



479,243 



354,254 
59,154 



1,530 
175 
215 

4,491 

3,098 

437 

29 

1,056 



483 
2,440 

640 
2,686 



430,688 



284,631 
50,659 



1,473 
210 
189 

3,927 

2,712 

445 

22 



645 



334 
2,139 

4i5 
2,336 



313,505 
51,363 



1,454 
228 
157 

3,470 

2,650 

429 

19 



787 



300 
2,173 

379 
2,395 



287,632 
42,685 



1,525 
246 
187 

2,850 

2,448 

342 

22 

847 



269 

1,838 

335 

2,047 



220,456 
32,853 



1,702 
259 
200 

2,412 

2,159 

259 

34 

1,118 



260 
1,631 

251 
2,002 



421,125 



203,575 
40,455 



1,502 
'307 
207 

2,225 

2,358 
254 



183 
1,418 

134 
1,907 



157,377 

22,666 

4,118 

2,558 

2,624 

277 
2,308 
5,585 

266 
1,951 
3,977 

693 

1,923 

766 

464 
26,550 



21,345 

21,139 

114 



4,183 
^6,612 



10,551 



5,081 
334 



193,042 
35,300 



3302 
202 

2,160 

1,999 

234 

39 



844 



153 
1,388 

132 
1,763 



265,597 239,045 16 



See footnotes at end of table. For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables 
Sample and Limitations of Data" for each of the years 1951-54 appears in the annual volume for those years. 



"Description of the 



152 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



ALL ACTIVF CORPORATION RETURNS 



Table 40.— INCOME STATEMENTS— Cootinaed 



RETURNS VaiH NET INCOME— Continued 

Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property 

Repairs 



Bad debtr 

Interest paid 

Faxes paid 

Contributions or gifts 

Aniortization 

Depreciation 



Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed under other employee benefit plans. 

Net loss, sales other than capital assets 

Other deductions 



Total compiled deductions. 



Compiled net profit (16 less 3<i). 

Net income (35 less 6) 

Net operating loss deduction 



Income tax 

Excess profits taxes. 



Compiled net profit less total tax (35 less ^0) . 
Dividends paid: 

Cash and assets other than own stock 

Corporation ' s own stock 



(Hillion dolUra) 



293,707 

i2,352 

7,358 

i,023 

'■,^■^3 



10,941 
309 



2,198 
i,975 
2,685 

824 

106 
53,5i4 



444,770 



39,957 
39,573 

438 



16,823 
38 



11,591 
1,316 



312, i40 

40,970 

7,305 

4,015 

5,216 

777 
4,434 
11,221 

491 
1,465 
9,297 

2,152 
4,917 
2,853 
808 
312 
55,645 



42,131 

41,819 

413 



18,256 
1,613 



11,423 
1,089 



301,067 

40,835 

7,201 

3,822 

4,758 

681 

3,966 

10,822 

396 

818 

8,635 

1,993 

4,587 

2,480 

599 

204 

52,872 



40,705 

40,432 

396 



17,597 
1,551 



19,148 



11,133 
1,342 



299,193 
38,792 
7,070 
3,629 
4,460 

662 

3,236 

10,288 

341 

286 

8,011 

2,005 
4,155 

2,270 

180 
49,084 



45,581 
45,333 

402 



19,623 
2,459 



22 ,082 



11,180 
1,396 



268,174 

32,628 

6,741 

3,377 

3,524 

658 
2,809 
8,405 

250 

41 

7,146 

1,650 
3,810 
1,623 

95 
45,402 



386,332 



44,356 

44,141 
345 



15,929 
1,387 



11,455 
1,279 



217,267 

28,156 

5,522 

2,980 

3,218 

681 
2,568 
7,602 

220 

27 

6,244 

1,386 
3,292 

1,171 



38,9 



319,403 



30,766 

30,577 

196 



9,409 
659 



239,640 

29,425 

5,838 

3,060 

3,596 

604 
2,374 
6,912 

236 

34 

5,666 

1,666 
3,171 
1,121 

105 
39,433 



36,430 
36,273 

204 



9,279 

1,009 



220,467 

24,123 

5,338 

2,761 

3,206 

558 
2,076 
6,245 

238 

50 

4,622 

1,164 

2,773 

976 

90 
35,018 



33,568 

33,381 

184 



10,981 



8,222 

692 



167,565 
17,837 
4,634 
2,268 
2,371 

280 
1,747 
5,098 

211 

39 

3,660 

753 

2,220 

764 

95 

28,672 



238,212 



27,385 

27,185 

140 



8,607 
268 



7,241 
521 



148,747 

19,407 

3,732 

2,237 

2,361 

220 
1,949 
5,065 

263 
1,649 
3,531 

610 

1,826 

744 

215 
24,122 



22,367 

22,165 

114 



4,183 
^6,612 



10,795 



5,918 
329 



^Includes "Interest on Government obligations subject to declared value excess-profits tax end surtax" of $301,280,000. 
^Includes declared value excess-profits tax of $55,039,000. 

■^Includes "Interest on Government obligations subject to declared value excess-profits tax end surtax" of $296,366,000. 
NOTE: For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables. 
Data" for each of the years 1951-54 appears in the annual volume for those years. 



"Description of the Sample and Limitations of 



ACTIVE CORPORATION INCOME TAX RETURNS. 1945-1954 



153 



RETURNS WITH BALANCE SHEETS 



T>ble 41.— BALANCE SHEETS AND RELAXED INCOME STATEMENIS 



RETUSNS WITH AND WITHOUT NET INCOME 
Number of returns with balance sheets 



Assets; 

Cash 

Notes and accounts receivable 

Less: Reserve for bad debts 

Inventor ies 

Prepaid expenses and supplies 

Investments, Government obligations: 

States, Territories, and United States possessions. 

United States obligations 

Not slated 

Other invest-Tients 



Gross capital assets (except land) 

Less : Reserves 

Depreciable assets '. 

Less: Accumulated amortization and depreciation. 
Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Accrued expenses 



Other liabilities 

Capital stoclt, preferred 

Capital stock, consnon 

Surplus reserves 

Surplus and undivided profits. 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less amortizable 
bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 



Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term capital 

loss. 
Net long-term capital gain reduced by net short-terra capital 

loss. 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled receipts. 



Deductions: 

Cost of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property. 
Repairs 



Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts. 

Amortizat ion 

Depreciation 



Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed under other employee benefit plans. 

Net loss, sales other than capital assets 

Other deductions 



Total compiled deductions. 



Compiled net profit or net loss (45 less 63). 

Net income or deficit (64 less 35^ 

Net operating loss deduction 



Income tax 

Excess profits taxes. 

Total tax. . . . 



Compiled net profit less total tax (64 less 69). 
Dividends paid: 

Cash and assets other than own stock 

Corporation's own stock 



31,7J3 

161,084 

2,346 

6?, 914 

^,091 

17,761 

108,573 

5,075 

160,553 



266,934 

93,274 

8,921 

3,772 

10,977 
1,651 
16,436 



23,239 
90,797 
19,373 

353,969 
15,632 

90,730 

14,197 

159,210 



805,300 



437,316 
34,162 



2,088 
96 
389 

8,928 
4,649 

558 
70 

1,885 

695 
2,309 

613 
3,245 



334,348 

49,878 

3,960 

4,968 

4,954 

1,334 

6,191 

12,305 

311 

13,486 

2,242 

5,697 

2,803 

900 

250 

61,887 



510,515 



36,486 

36,097 

424 



16,645 
37 



11,832 
1,344 



554,573 



531,833 



496,821 



440,750 



(Hitlion doll»f) 



80,171 

150,435 

2,153 

65,519 



147,188 

260,460 
90,403 



10,555 
16,506 



761,877 



21,394 
86,607 

353,141 
15,815 
88,121 
13,294 

147,951 



761,877 



447,116 
81,522 



2,113 
108 
315 

8,195 

4,269 

533 

28 

1,196 

556 
2,371 

575 
3,085 



551,984 



342,235 

45,979 

8,621 

4,734 

5,505 

1,127 

5,622 

12,069 

492 

1,508 
10,386 

2,284 

5,409' 

2,922 

855 

437 

62,216 



512,432 



39,582 

39,267 

397 



18,059 
1,594 



11,533 

1,106 



79,597 

142,777 

1,875 

64,520 



243,359 
84,283 



9,970 
14,435 



20,996 
80,628 

330,406 
15,331 
85,365 
13,472 

139,339 



721,864 



424,670 
78,695 



1,918 
115 
278 

7,097 

4,0CS 

527 



467 

2,325 

544 

3,030 



326,887 

44,710 

8,282 

4,406 
5,017 

929 

4,949 

11,573 

396 

827 

9,493 

2,113 
4,977 
2,538 
628 
314 
58,465 



486,504 



38, 507 

38,228 

381 



17,465 
1,538 



11,196 

1,360 



76,853 

121,054 

1,740 

63,776 



227,882 
78,787 



10,230 
14,434 



647,524 



19,240 
72,835 

283,058 
15,595 
82,804 
12,739 

127,899 



647, 524 



418,056 
74,317 



1,535 
148 
253 

5,229 

3,911 

481 

31 

1,331 

446 
2,351 

628 
3,132 



320,462 

42,584 

7,979 

4,161 

4,683 

744 

3,646 

10,904 

341 

291 

8,733 

2,066 
4,513 
2,319 

258 

54,670 



43,495 

43,243 

383 



19,460 
2,442 



11,219 
1,425 



71,018 

1)0,527 

1,618 

54,496 



96,760 

209,093 
74,283 



9,876 
12,674 



598, 369 



15,845 
65,719 

261,899 

14,906 

79,310 

12,410 

116,983 



598, 369 



37 J, 249 

e-i,4i7 



1,536 
175 
217 

4,520 

3,433 

456 



491 
2,434 

641 
2,884 



231,415 

35,958 

7,457 

3,798 

3,703 

745 
3,154 
8,899 

250 

43 

7,754 

1,692 
4,042 
1,655 

191 
49,229 



4[»,98a 



42,535 

42,319 

332 



15,789 
1,379 



11,471 
1,289 



63,864 

36,966 

1,440 

44,726 



195,024 
68,988 



9,531 
11,709 



543,562 



11,801 
61,351 

236,716 
15,365 
78,944 
11,178 

102,809 



543,562 



316,257 
55,748 



1,476 
210 
189 

3,987 

3,025 

461 

24 

665 

360 
2,126 

448 
2,658 



244,008 
31,577 
6,604 
3,561 
3,496 

810 
2,985 
3,236 

220 

30 

7,064 

1,427 
3,711 
1,196 

190 
44,391 



359,505 



28,130 

27,941 

187 



9,464 
673 



65,737 

35,396 

1,299 

43,293 



180,562 
64,225 



9,313 
11,333 



12,225 
57,326 



232,064 
14,957 
76,774 
11,345 
94,144 



525,136 



334,983 

55,394 



1,465 
230 
162 

3,529 

2,937 

438 

21 

731 

339 
2,149 

375 
2,623 



405,430 



258,169 

32,236 

6,594 

3,462 

3,786 

700 
2,697 
7,368 

237 

39 

6,201 

1,699 
3,429 
1,143 

208 
43,214 



371,182 



34,248 

34,086 

195 



.:2,477 



9,305 
1,022 



64,369 

76,863 

904 

44,009 



78,363 

163,744 

60,664 



9,115 
10,946 



494,615 



11,289 
50,108 

227,114 

15,007 
72,463 
11,303 
81,794 



494,615 



299,771 
48,175 



1,556 
253 
192 

2,920 

2,690 

364 

23 

818 

300 
1,860 

340 
2,259 



230,769 

27, 377 

5,893 

3,127 

3,341 

675 
2,429 
6,742 

233 

58 

5,124 

1,201 
2,988 
1,031 

264 

39,054 



31,207 

31,015 
176 



20,420 



8,285 
696 



58, 5i-;2 

62,143 

773 

36,965 



109,910 

77,089 

146,968 

57,421 



8,782 
10,541 



9,504 
44,968 



214,283 
14,857 
63,334 

11,004 
70,420 



454,705 



231,044 
39,940 



1,723 
263 

204 

2,462 

2,469 

233 

36 

1,105 

273 
1,691 

252 
2,167 



283,917 



176,770 

22,782 

5,033 

2,765 

2,670 

344 
2,198 
5,734 

211 

63 

4,131 

778 

2,355 

327 

200 
32,033 



25,025 

24,320 

132 



1,447 
263 



7,378 
523 



.■,',717 

52,274 

644 

26,067 



129,935 

74,026 

138,444 
54,668 



8,282 

10,029 



441,461 



7,208 
40,937 

221,286 
14,764 
64,747 
11,057 
63,957 



441,461 



201,546 
39,910 



'305 
206 

2,206 

2,257 

243 

42 

836 

175 
1,401 

134 
1,879 



155,828 

22,359 

4,034 

2,515 

2,597 

269 
2,258 
5,514 

264 
1,931 
3,921 

679 
1,907 

764 

415 

26, 161 



21,220 

21,014 

109 



4,140 
'6,562 



6,009 
332 



See footnotes at end of table. For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables. "Description of the 
Sample and Limitations of Data" for each of the years 1951-54 appears in the annual volume for those years. 



154 

RETLRNS WITH BALANCE SHEETS 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



T.bl« 41.— BALANCE SHEETS AND RELATED INCOME STATEMENTS— ConUnued 



RETURNS WITH NET INCOME 
Number of returns with balance sheets and with net income. 



Assets: 

Cash 

Notes and accounts receivable. . 
Less: Reserve for bad debts. 

Inventor ies 

Prepaid expenses and supplies.. 



Investments, Government obligations: 
States, Territories, and United States possessions. 

United States obligations 

Not stated 

Other investments 



Gross capital assets (except land) 

Less : Reserves 

Depreciable assets 

Less: Accumulated amortization and depreciation. 
Depletable assets 

Less: Accumulated depletion 

Land 

Intangible assets 

Other assets 



Total assets. 



Liabilities: 

Accounts payable 

Bonds, notes, mortgages payable: 

Maturity less than 1 year 

Maturity 1 year or more 

Accrued expenses 



Other liabilities 

Capital stock, preferred 

Capital stock, common 

Surplus reserves 

Surplus and undivided profits. 



Total liabilities. 



Receipts: 

Gross sales 

Gross receipts from operations 

Interest on Government obligations (less amortizable 
bond premium): 

Wholly taxable 

Subject to surtax only 

Wholly tax-exempt 



Other interest 

Rents 

Royalties 

Net short-term capital gain reduced by net long-term capital 

loss. 
Net long-term capital gain reduced by net short-term capital 

loss. 

Net gain, sales other than capital assets 

Dividends, domestic corporations 

Dividends, foreign corporations 

Other receipts 



Total compiled receipts. . 

Deductions: 

Coat of goods sold 

Cost of operations 

Compensation of officers 

Rent paid on business property. 
Repairs 



Bad debts 

Interest paid 

Taxes paid 

Contributions or gifts. 

Amortization 

Depreciation 



Depletion 

Advertising 

Amounts contributed under pension plans 

Amounts contributed under other employee benefit plans. 

Net loss, sales other than capital assets 

Other deductions 



Total compiled deductions. 

Compiled net profit (45 less 631.. 

Net income (64 less 35) 

Net operating loss deduction 



Income tax 

Excess profits taxes. 

Total tax 



Compiled net profit less total tax (64 leas 691. 
Dividends paid: 

Caah and assets other than own stock 

Corporation's own stock 



419,679 418,150 418,174 414,856 400,914 360,243 370,056 357,041 334, (X2 



(Miltion dollar*) 



76,086 

147,688 

2,117 

54,835 

1,760 

17,322 

ia4,093 

4,608 

131,759 



230,825 

81,526 

7,028 

3,064 

B,bb3 
1,274 
14,295 



17,792 
■72,373 
18,028 

320,101 
13,468 
77,809 
11,840 

150,801 



713,531 



383,825 

72,632 



1,975 
96 
381 

7,608 

3,?98 

512 

60 



606 
2,231 

606 
2,713 



76,173 

139,728 

1,953 

59,574 



118,266 

124,123 

236,394 
82,533 



8,420 
14,663 



17,764 
73,239 

322,703 
14,467 
78,962 
11,759 

143,563 



692,855 



76,116 

132,843 

1,724 

59,307 



114,694 

114,754 

222,953 

77,606 



8,409 
13,060 



662,806 



31,265 

17,649 
69,086 

304,837 
14,609 
77,127 
12,131 

136,103 



478,815 



290,066 

41,934 

7,264 

3,959 

4,472 

880 

4,606 

10,815 

307 

11,547 

2,089 
4,926 
2,653 

816 

104 

52,859 



439,296 



35,518 

39,137 

424 



11,527 
1,312 



407,535 
73,488 



1,992 

107 
310 

7,101 
3,607 



1,114 

486 
2,349 

573 
2,689 



309,570 

40,619 

7,208 

3,977 

5,169 

770 
4,399 
11,137 
488 
1,459 
9,223 

2,140 
4,864 
2,842 
804 
310 
55,132 



460,112 



41,751 

41,441 

397 



18,099 
1,594 



19,693 



22,058 



11,371 

1,085 



662,806 



390,320 

71,819 



1,795 
114 
273 

6,261 

3,415 

487 

20 

1,247 

399 

2,305 

543 

2,674 



74,893 

116,505 

1,641 

59,280 



209,985 
73,369 



8,659 
13,075 



16,396 
63,157 

278,336 
14,518 
75,576 
L2,347 

126,935 



616,581 



481,671 



298,138 

40,331 

7,102 

3,772 

4,721 

675 

3,928 

10,734 

393 

814 

8,557 

1,981 

4,548 

2,468 

597 

201 

52,352 



441, 3L2 



40,358 
40,085 

381 



17,465 
1,538 



11,077 
1,339 



389,789 
67,271 



1,506 
146 
246 

5,171 

3,300 

452 

28 

1,264 

387 
2,321 

627 
2,822 



69,316 

106,655 

1,536 

51,593 



108,649 

93,969 

192,817 

69,408 



8,388 
11,450 



27,877 

13,660 
56,808 

257,835 
13,775 
72,635 
11,757 

117,547 



571,893 



296,919 
38,460 
6,975 
3,596 
4,425 

657 

3,206 

10, 194 

339 

285 

7,946 

1,987 
4,128 
2,263 

178 
48,623 



45,149 

44,903 

388 



19,460 
2,442 



11,121 
1,393 



350,858 
58,450 



1,517 
174 
214 

4,466 

3,011 

427 

28 

998 

441 
2,415 

637 
2,643 



61,512 

81,798 

1,298 

39,543 



87,986 

174,470 
62,131 



7,905 
10,136 



509,762 



9,352 
52,091 



232,324 
13,720 
69,894 

10,501 
101,080 



509,762 



63,733 

81,883 

1,199 

44,714 



103,243 

81,432 

165,981 

59,944 



7,828 
10,585 



9,945 
49,748 

227,016 
13,661 
69,603 
10,766 
94,495 



498,257 



281,31. 
49,856 



1,458 
209 
187 

3,903 

2,629 

435 

21 

613 

309 
2,105 

441 
2,280 



265,506 
32,250 
6,641 
3,341 
3,498 

652 
2,777 
8,325 

248 

41 

7,077 

1,634 
3,767 
1,617 

92 
44,896 



43,919 

43,704 

332 



15,789 
1,379 



11,384 

1,276 



214,823 

27,684 

5,437 

2,933 

3,194 

674 
2,532 
7,506 

217 

27 

6,150 

1,339 
3,244 

1,152 

79 
38,423 



30,344 

30,158 

187 



9,314 
653 



310,249 
50,538 



1,444 
228 
157 

3,452 

2,573 

417 

18 

743 

281 
2,130 

372 
2,354 



61,983 

73,114 

831 

40,783 



145,931 
55,457 



7,706 
9,144 



9,324 
41,122 



220,061 
13,754 
64,229 
10,554 
81,051 



462,223 



237,119 

28,997 

5,743 

3,022 

3,569 

598 
2,337 
6,826 

234 

34 

5,593 

1,655 
3,144 

1,112 

103 
38,920 



339,007 



35,948 

35,791 

195 



9,208 

1,007 



283,734 
41,647 



1,516 
246 
187 

2,835 

2,338 

335 

20 

766 

249 
1,818 

334 
2,009 



55,782 

58,429 

689 

33,122 



124,948 

50,084 



7,363 
8,232 



7,903 
34,141 

208,115 
13,381 
58,605 
9,873 
66,776 



416,844 



338,033 



217,464 

23,478 

5,24i 

2,667 

3,152 

553 
2,030 
6,126 

235 

50 
4,550 

1,156 

2,740 

971 

89 
34,552 



32,976 

32,790 

176 



10,787 



8,158 
688 



Includes "Interest on Government obligations subject to declared value excess-profits tax and surtax" of $300,078 000 
Includes declared value excess-profits tax of $53,740,000. ' 

'Includes "Interest on Government obligations subject to declared value excess-profits tax and surtax" of $295,228 OOO 

NOTE: For explanatory statements and comparability of data, aee the texts for the 1954 tables and for these historical tables. "Description of 
Data for each of the years 1951-54 appears in the annual volume for those years. 



217,059 
32,252 



1,686 
256 
199 

2,390 

2,082 

253 

32 

1,052 

243 
1,612 

249 
1,966 



164,981 
17,484 
4,554 
2,229 
2,338 

277 
1,719 
5,024 

208 

37 

3,606 

733 

2,171 

757 

93 
28,241 



26,880 

26,681 

132 



8,447 
263 



8,710 



7,135 
516 



281,244 



the Sample and Limitations of 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



155 



ALL ACTIVE CORPORATION RETURNS 

T«M« «.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, NET INCOME OR DEFICIT, AND TAXES, BY MAJOR INDUSTRIAL GROUP AND BV INCOME AND DEFiaT STATUS 



Itejor industrial group, selected items 



ALL INDUSTRIAL GROUPS 

Total munber of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts . 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



TOTAL AGRICULTURE, FORESTRY, AND FISHERY 

Total number of returns of active corporations: 

With net income 

Wi thout net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income : 
Total compiled receipts.. 
Deficit 



FARMS AND AGRICULTURAL SERVICES 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net Income ; 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income : 
Total compiled receipts.. 
Deficit 



Total number of returns of active corporations: 

With net income 

Wi thout net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income : 
Total compiled receipts.. 
Deficit 



Ml, 177 
281,628 



«1,767 
256,208 



4X2,577 
229,494 



439,047 
213,329 



426,283 
203,031 



384,772 

230,070 



395,860 
198,383 



382 , 531 
169,276 



359,310 
131,842 



303,019 
118,106 



(Thouaantt dollars) 



484,727,486 
39,572,830 



16,860,952 

16,823,241 

37,711 



70,094,964 
3,244,395 



4,741 
4,038 



506,450,081 
41,819,445 



18,255,625 
1,613,424 



51,792,181 
2,334,758 



1,831,616 
176,168 



65,713 
56 



440,961 
53,885 



4,428 
3,543 



1,767,272 
163,836 



61,948 
56 



413,803 
49,369 



160 
102 



41,137 
10,674 

3,513 
3,513 



1,721 
553 



153 
393 



23,207 
1,658 



252 
252 



25,437 
3,963 



4,963 
4,442 



486,441,344 
40,431,697 



17, 5%, 969 
1,550,725 



44,865,954 
1,975,518 



4,983 
3,881 



479,243,451 
45,333,173 



19,623,441 
2,458,676 



37,795,732 
1,787,583 



5,389 
3,345 



430,687,780 
44,140,741 



15,929,488 
1,387,444 



27,442,289 
1,527,437 



5,039 
3,261 



350,168,722 
30,576,517 

9,817,308 
9,817,308 



43,280,970 
2,381,680 



4,312 
3,694 



379,309,471 
36,273,250 

11,920,260 
11,920,260 



31,656,177 
1,848,226 



4,553 

3,141 



343,273,851 
33,381,291 

10,981,482 
10,981,482 



24,471,727 
1,958,563 



4,444 
2,885 



265,597,448 
27,184,592 



,606,695 
268,145 



23,356,789 
1,991,706 



4,260 
2,403 



(Thousand dot tars} 



1,911,644 
180,926 

72,839 

71,522 
1,317 

480,999 
68,904 



4,671 
4,022 



2,090,020 
194,358 

77,436 

75,637 
1,799 



470,427 
55,396 



4,598 
3,557 



2,192,596 
288,619 

107,158 

102,372 
4,786 



274,787 
29,702 



5,022 
3,006 



1,907,678 
320,571 



102,779 

97,462 
5,317 



223,287 
26,074 



4,648 
2,913 



1,616,005 
209,591 



66,637 
66,637 



286,205 
32,249 



4,010 
3,326 



1,542,670 
245,694 



79,060 
79,060 



219,272 
26,148 



4,213 
2,808 



1,486,572 
239,190 

76,778 
76,778 



183,940 
23,848 



4,103 
2,557 



1,138,035 
205,244 

67,955 

65,511 
2,4i4 



136,560 
21,669 



3,914 
2,127 



(Thotisenti dollars) 



1,843,393 
169,591 

68,910 

67,602 
1,308 



455,709 
64,785 



170 
107 



2,006,986 

181,044 

73,218 

71,482 
1,736 



440,319 
51,927 



216 
% 



2,120,960 
276,046 

103,462 

98,748 
4,714 



245,928 
26,846 



148 
87 



1,836,004 
305,025 



98,451 



93,168 
5,283 



205,791 
21,391 



196 
98 



1,563,378 
202,056 



64,619 
64,619 



269,754 
29,533 



139 
128 



1,582,246 
233,092 



75,559 
75,559 



198,577 
23,319 



157 
102 



1,424,561 
227,600 



73,577 
73,577 



167,299 
21,439 



189 
107 



1,078,783 
194,311 



62,436 
2,421 



128,700 
19,837 



200 
121 



(Thoustind dollars) 



43,177 
9,687 

3,423 
3,423 



3,922 
1,052 



122 
313 



50,528 
11,435 



3,539 

50 



4,843 
593 



174 
228 



35,424 
9,542 

2,687 

2,667 
20 



7,620 
267 



219 
252 



37,231 
12,994 



3,604 

14 



3,635 
1,629 



195 
250 



23,094 
5,481 

1,457 
1,457 



3,723 
1,042 



163 
240 



30,230 
9,269 



2,488 
2,488 



4,015 
657 



183 
231 



35,233 

9,203 



2,506 
2,506 



4,243 
611 



152 
221 



29,547 
7,226 



1,883 
1,383 



1,922 
933 



146 
155 



(ThotJaand dollars) 



25,069 
1,648 



506 
497 



(M 



21,368 
3,067 



32,506 
1,379 



616 
13 



25,265 
2,376 



36,212 
3,031 

1,009 

957 

52 



21,239 
2,589 



34,443 
2,552 



690 

20 



13,861 
3,054 



24,033 
2,054 



561 
561 



12,728 
1,669 



30,144 
3,333 



1,013 
1,013 



16,680 
1,672 



26,778 
2,382 



695 
695 



12,398 

1,798 



29,705 
3,707 

1,215 

1,192 

23 



5,938 
894 



239,045,611 
22,165,206 



4,132,705 
6,612,045 



16,402,141 
1,026,250 



3,365 
2,287 



893,856 
149,892 



63,727 

32,848 
30,830 



99,516 
16,079 



3,568 
2,069 



847,807 
142,390 



60,779 

31,473 
29,306 



93,951 
13,481 



145 
116 



16,297 
2,559 



690 
34 



2,233 
2,058 



152 
102 



29,753 
4,442 



2,224 

685 

1,540 



3,332 
541 



'SampUng variabiUty of this item was too large to warrant showing it separately. However, this value was included In industrial division total. 

NOTE: For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables. "Description of the Sample and Limitations of 
Data" for each of the years 1951-54 appears in the annual volume for those years. 



446404 O -57 - II 



156 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



ALL ACTIVE CORPORATION RETURNS 

Table 42.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS. NET INCOME OR DEFICIT, AMD TAXES, BY MAJOR INDUSTRIAL GROUP AND BY INCOME AND DEFiaT STATUS— Conlinued 



Major induBtriai group, selected items 



TOTAL MINING AND QUARRYING 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income : 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returris without net income : 
Total compiled receipts.. 
Deficit 



MINING AND QUAHHYING: METAL MINING 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



MINING AND QUARRYING; ANTHRACITE MINING 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes . 

Returns without net income: 
Total compiled receipts.. 
Deficit 



MINING AND QUARRYING: BITUMINOUS COAL AND 
LIGNITE MINING 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



MINING AND QUARRYING: CRUDE PETROLEUM AND 
NATURAL GAS PRODUCTION 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



i,2iS 
5,337 



,708,513 
9i6,0iS 



*27,464 
1,250 



1,842,«6 
205,135 



215 
803 



1,231,859 
2U,166 

111,268 
111,268 



206,279 
-t2,395 



.111,550 
14,364 



1,863 

1,858 
5 



251,653 
13,021 



462 
962 



1,159,895 
46,940 



15,948 
15,948 



508,000 
31,980 



2,208 
2,644 



3,109,752 
514,172 

240,247 

239,076 

1,171 

793,560 
105,094 



4,271 
4,876 



4,839 
4,216 



4,966 
4,070 



5,032 
4,024 



4,766 
4,385 



5,503 
3,582 



4,954 
3,340 



4,137 
3,538 



(Thtxiaand dollara) 



7,685,868 

1,101,205 

513,351 

491,215 
22,136 



1,667,228 
156,072 



205 
525 



8,047,731 
1,101,093 

507,389 

493,188 
14,201 



1,668,791 
120,234 



188 
654 



8,462,731 
1,225,061 



534,509 
26,228 



1,228,120 
104,990 



226 
667 



7,662,486 
1,175,237 



430,570 
16,911 



946,072 
85,014 



209 

611 



5,863,422 
804,561 



267,682 
267,682 



962,051 
108,784 



175 
655 



7,337,631 
1,221,825 

413,678 
413,678 



569,364 
68,842 



230 
670 



5,552,564 

859,544 

292,195 
292,195 



484,039 

73,493 



224 
707 



3,745,073 
400,555 

132,620 

131,692 
928 



554,485 
65,816 



227 
630 



(Thousand dollars) 



1,257,904 
231,090 

113,154 

104,228 
8,926 



135,026 
16,499 



1,251,404 
231, xn 

103,357 

100,886 
2,471 



250,270 
14,122 



75 
144 



1,448,273 
321,365 



141,962 
7,420 



114,051 
11,027 



114 
117 



1,234,475 
288,234 



105,467 
3,465 



69,966 
6,953 



105 
113 



854,624 
151,989 



48,334 
48,334 



111,499 

10,416 



93 

113 



1,190,474 
282,277 



88,281 
88,281 



84,697 
10,823 



117 
86 



922,150 
208,177 



69,373 
69,373 



78,432 
13,026 



102 
74 



618,387 
88,013 

26,070 

26,061 
9 



53,730 
11,713 



106 
71 



(Thousand dol tars) 



101,867 
15,178 



2,133 



,117 
16 



305,112 
13,553 



632 

940 



174,857 
16,645 



3,136 
3 



289,332 
8,666 



789 
876 



241,951 
20,694 



4,638 

127 



272,270 
6,189 



912 

901 



384,242 
26,095 



6,934 
143 



118,656 
3,933 



1,105 
891 



316,177 
21,677 



5,283 
5,283 



116,245 
4,448 



1,033 
1,037 



525,375 
42,107 



12,631 
12,631 



63,466 
2,332 



1,434 

729 



457,092 
29,925 



9,346 
9,346 



62,531 
2,146 



1,371 
466 



402,036 
24,680 



8,594 
67 



56,471 
1,862 



1,013 
627 



1,530,402 
72,593 



28,825 



28,620 
205 



519,420 
31,230 



2,090 
2,365 



1,776,265 
88,263 

35,713 

35,445 
263 



512,123 
19,069 



2,514 
1,858 



2,129,717 
139,464 

57,096 

56,171 
925 



432,482 
25,769 



2,436 

1,704 



2,063,095 
180,363 

69,425 

67,620 
1,305 



357,722 
17,237 



2,369 
1,760 



1,578,787 
122,803 



43,038 
43,033 



348,511 
25,480 



2,276 
1,830 



2,542,354 
318,597 



113,038 
113,038 



171,980 
3,971 



2,563 
1,424 



2,216,763 
264,751 



90,225 
90,225 



97,748 
6,093 



2,191 
1,416 



1,424,400 
89,553 



29,662 
313 



203,446 
9,016 



1,836 
1,577 



(Thouannd dot lor a) 



3,765,560 
672,469 

313,946 

304,338 
9,608 



605,253 
34,344 



3,306,625 
645,897 

310,028- 

301,221 
8,807 



553,591 
71,488 



3,668,660 
610,224 



281,627 

270,684 

10,943 



356,234 
54,951 



3,144,537 
539,989 



196,225 
6,577 



355,589 

50,064 



2,395,858 
397,936 



131,825 
131,825 



335,132 
60,494 



2,362,031 
460,206 



157,417 

157,417 



20;,496 
40,713 



,364,728 
263,819 



90,221 
90,221 



209,764 
46,447 



839,314 

128,010 

43,366 

42,913 
453 



208,345 
37,633 



NOTE: For explanatory statements and comparability of data, see the texts for the 1954 tables and for these historical tables. 
Data" for each of the years 1951-54 appears in the annual volume for those years. 



"Description of the Sample and Limitations of 



ACTIVE CORPORATION INCOME TAX RETURNS. 1945-1954 



157 



ALL ACTIVE CORPORATION RETURNS 

Ttbl< <2.— NUMBER OF RETURNS. TOTAL COMPILED RECEIPTS, NET INCOME OR DEFICIT, AND TAXES, BY MAJOR INDUSTRIAL GROUP AND BY INCOME AND DEFICIT STATUS— ConUnued 



Major industrial group, selected items 



MINING AND QUAHRYIHG: NOWIETALLIC laNING 
Um QUARRYING 
Total number of returns of active corporations: 

With net Income 

Without net income 



Returns alth net income: 

Total compiled receipts. 
Net Income 



Income tax 

Access profits taxes . 

Returns without net income: 
Total compiled receipts.. 
Deficit 



CONSTHXTION 

Total number of returns of active corporations: 

With net income 

Wi thout net income 



Returns «ith net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes . 

Returns without net income: 
Total compiled receipts.. 
Deficit 



TOTAL MANUFACTURING 

Total number of returns of active corporations : 

With net Income 

Without net income 



Returns with net income : 

Total compiled receipts. 
Net income i 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



MANUFACTURING: BEVERAGES 



Total number of returns of active corporationE 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income; 
Total compiled receipts.. 
Deficit 



MANUFACTURING: FOOD AND KINDRED PRODUCTS 

Total number of returns of active corporations: 

With net Income 

Without net income 



Returns with net Income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



1,306 
&45 



1,264 
896 



1,273 
684 



1,278 
681 



1,244 
649 



1,189 

750 



1,159 
673 



1,066 
677 



955 
633 



767 
680 



(TfiouMand dollsra) 



1,095,457 
126,406 



59,314 
74 



82,914 
12,645 



21,411 
14,719 



1,030,135 
109,875 



51,912 
3,381 



102,417 
10,446 



21,406 
13,460 



1,038,580 
112,781 



52,500 
2,652 



63,475 
6,889 



20,946 
10,871 



974,130 
U3,314 



61,054 
6,813 



53,033 
7,054 



19,764 
9,829 



836,137 
140,556 

59,245 

54,324 
4,921 



44,139 
6,827 



17,868 
9,826 



717,976 
110,156 



39,202 
39,202 



50,664 
7,946 



16,290 
9,456 



717,397 
118,638 



42,311 
42,311 



44,725 
5,998 



16,155 
7,325 



591,831 
92,872 



33,030 
33,030 



35,564 
5,781 



14,353 
5,934 



460,436 
70,299 



24,462 
86 



32,493 
5,587 



11,161 
4,688 



323,630 
42,828 

21,607 

10,445 
11,152 



49,060 
8,149 



7,811 
4,023 



(Thousand dallara) 



14,674,881 
633,538 



256,865 

256,353 
512 



2,815,940 
145,944 



74,608 
46,288 



13,869,087 
626,313 



273,421 

252,821 
20,600 



2,321,430 
113,255 



78,380 
42,706 



13,494,727 
683,685 



306,633 

280,343 
26,290 



1,802,325 
84,927 



80,795 
38,604 



12,360,392 
652,506 



292,445 

263,796 
28,649 



1,879,701 
93,128 



80,877 
39,319 



9,963,007 
651,035 

246,711 

228,683 
18,028 



1,598,772 
89,018 



79,186 
36,686 



8,676,131 
591,250 



200,106 
200,106 



1,241,459 
73,737 



68,317 
48,953 



,518,903 
625,246 



210,111 
210,111 



870,132 
4«,226 



73,638 

43,108 



6,367,029 
430,150 



139,873 
139,873 



680,976 
38,511 



74,612 
37,572 



3,732,496 
269,994 



82,883 
792 



588,065 
37,916 



72,567 
25,564 



2,458,988 
146,070 



28,480 
33,653 



488,965 
33,451 



61,680 
17,432 



(Thousand doltats) 



240,028,767 
19,653,551 

9,4«2,559 

9,451,660 
30,899 



28,299,156 
1,363,686 



1,717 
1,042 



263,970,665 
22,251,202 

12,160,679 

10,771,452 
1,389,227 



17,151,197 
829,856 



1,690 
1,026 



244,424,014 
21,081,015 

11,419,132 

10,125,517 
1,293,615 



16,671,142 
762,895 



2,088 
1,207 



241,530,606 
25,492,126 

14,163,463 

12,088,130 
2,075,333 



13,475,918 
630,291 



1,865 
1,201 



210,033,648 
24,223,918 

10,636,866 

9,554,912 
1,071,954 



10,269,289 
502,383 



1,773 
1,405 



167,534,041 
15,342,017 

5,497,255 

5,497,255 



19,812,782 
1,095,151 



1,786 
1,581 



185,981,909 
18,928,473 



6,821,585 
6,821,585 



14,029,497 
814,485 



1,751 
1,627 



171,416,746 
17,516,231 

6,319,452 
6,319,452 



8,907,948 
864,264 



1,927 
1,296 



128,928,639 
12,680,628 



4,468,311 
159,704 



10,492,919 
986,664 



2,225 
639 



133,402,830 
10,576,548 



1,947,769 
4,154,458 



7,881,133 
326,331 



2,082 
509 



6,646,212 
378,857 



188,427 
602 



748,615 
38,542 



6,553 
3,736 



6,993,509 
420,430 



220,053 

208,803 
11,250 



351,751 
19,351 



6,959 
4,009 



5,787,382 
448,155 



238,335 

222,772 
15,563 



494,054 
27,050 



6,867 
3,383 



6,535,431 
477,685 

243,149 

231,443 
11,706 



497,466 
27,824 



7,095 
3,905 



5,170,177 
492,332 

204,755 

195,933 
8,823 



428,422 
30,219 



7,158 
3,842 



4,957,037 
471,046 



171,910 
171,910 



497,423 
37,912 



7,056 
4,263 



4,820,625 
510,994 



189,181 
189,181 



515,677 
43,043 



6,931 
4,254 



4,475,420 
501,375 



185,783 
185,783 



467,595 
45,129 



7,300 
3,542 



4,567,147 
512,381 



197,672 

179,549 
18,123 



169,426 
9,741 



8,058 
1,784 



4,272,086 
418,168 

255,779 

73,984 
181,795 



163,851 
9,323 



7,081 
1,647 



(Thousand dollars) 



30,327,098 
1,301,554 



635,410 
3,553 



6,396,404 
99,532 



32,891,749 
1,329,467 

683,322 

650,725 
32,597 



2,942,411 
67,251 



31,595,734 
1,229,982 

632,143 

600,303 
31,840 



4,591,467 
92,187 



32,401,394 
1,247,020 



587,066 
36,419 



,503,175 
74,752 



28,058,709 
1,443,626 

611,149 

573,938 
37,211 



4,001,496 
55,416 



23,544,851 
1,181,585 

428,965 
428,965 



6,266,658 

107,860 



26,177,784 
1,222,361 

443,412 
443,412 



5,408,370 
114,355 



29,005,471 
1,479,709 

537,898 
537,898 



1,635,532 
80,542 



22,868,852 
1,572,586 



562,204 
23,368 



535,480 
28,740 



18,503,256 
1,010,275 



222,832 
333,456 



955,350 
23,794 



NOTE: For explanatory statements and comparability of data, sec the texts for the 1954 tables and for these historical tables. "Description of the Sample and Limitations of 
Data" for each of the years 1951-54 appears in the annual volume for those years. 



158 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



ALL ACTIVE CORPORATION RETURNS 

Table 42.— NUMBER OF RETURNS, TOTAL COMPILED RECEIPTS, NET INCOME OR DEFICIT, AND TAXES, BY MAJOR INDUSTRIAL OROUP AND BY INCOME AND DEPIOT STATUS— Continued 



tajor industrial group, selected items 



MANUFACTURING: TOBACCO MANUFACTUHES 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income : 
Total compiled receipts.. 
Deficit 



MMDFACTUHINO: TEXTIIE-MILL PRODUCTS 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes . 

Returns without net income: 
Total compiled receipts.. 
Deficit 



UANUFACTIffilNG: APPAREL AND PRODUCTS 
HADE FROM FABRICS 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income t 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



MANUFACTURING: LUMBER AND WOOD PRODUCTS, 
EXCEPT FURNITURE 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



MANUFACTURING: FWUIITraffi AND FIXTURES 

Total number of returns of active corporations: 

With net Income 

Wi thout net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net Income: 
Total compiled receipts.. 
Deficit 



110 
62 



136 
60 



115 
36 



127 
63 



128 
72 



Hi 
83 



123 
102 



129 
109 



(Thauaand dollar a) 



3,625,413 
321,699 

166,118 

166,105 
13 



57,715 
2,783 



3,193 
2,077 



,158,688 
341,142 



173,478 
22,725 



17,344 
717 



3,529 
2,313 



3,717,661 
287,366 

161,743 

146,438 

15,310 



23,842 
454 



3,547 
1,94« 



3,391,809 
2%, 701 

166,263 

147,935 
18,328 



21,342 
797 



3,849 
2,181 



3,204,630 
291,635 



120,400 
11,019 



20,231 
399 



4,381 
1,413 



3,200,423 
260,259 

97,599 
97,599 



34,795 
1,326 



3,692 
2,341 



3,007,437 
243,732 

91,426 
91,426 



33,023 
2,048 



4,161 
1,917 



2,793,495 

197,701 



73,319 
73,319 



57,759 
5,078 



4,330 
1,679 



2,608,228 
174,666 

64,584 

64,530 
54 



16,293 
1,717 



4,764 
778 



(Ttuxiaand dollai 



9,238,911 
479,034 



226,331 



225,920 
411 



2,613,753 
164,202 



7,600 
6,150 



10,568,204 
644,382 



317,928 



310,027 
7,901 



2,099,677 
129,740 



8,369 
6,239 



10,977,710 
644,392 



324,466 



311,613 
12,348 



2,228,146 
122,324 



8,464 
5,976 



12,843,493 
1,071,663 

538,815 

508,641 
30,174 



1,582,457 
32,989 



7,899 
6,854 



12,686,482 
1,268,801 



507,483 
30,312 



490,331 
28,556 



8,596 

5,719 



9,459,263 
756,803 

273,575 
273,575 



1,365,451 
87,338 



7,613 
6,985 



11,828,790 
1,554,012 



576,468 
576,468 



615,101 
46,317 



8,595 

6,077 



11,196,975 
1,574,837 



530,116 
530,116 



450,038 
41,156 



9,267 

4,715 



10,101,471 
1,411,728 



503,031 
37,981 



158,458 
9,568 



9,164 
2,550 



7,078,063 
216,217 



90,911 
231 



1,828,235 

71,064 



3,066 
1,580 



7,198,030 
220,4^2 

96,275 

93,538 
2,737 



1,745,571 
68,733 



2,937 
1,773 



7,384,244 
229,826 

100,979 

97,682 
3,297 



1,708,884 
64,301 



3,258 
1,615 



6,986,671 
234,699 



98,302 
3,978 



1,938,849 
76,813 



3,496 
1,579 



7,235,591 
328,280 



119,249 
6,202 



1,109,838 
49,543 



3,627 
1,093 



6,123,972 
239,516 



31,322 
81,822 



1,672,347 
38,142 



2,828 
1,833 



7,096,988 
349,645 



121,764 
121,764 



1,309,971 
71,740 



3,245 
1,490 



7,089,046 
477,571 



169,583 
169,533 



652,050 
38,441 



3,093 
1,119 



6,329,368 
499,123 

183,200 

172,767 
10,433 



364,347 
17,164 



2,714 
825 



(thousand dollars) 



4,444,656 
347,730 



131,093 

130,936 
157 



510,758 
31,153 



3,168 
2,468 



4,323,306 
323,469 

125,119 

122,637 
2,482 



672,267 
34, 557 



3,418 
2,221 



4,603,280 
386,204 

152,894 

148,438 
4,456 



615,483 
35,234 



3,771 
2,023 



4,766,313 
531,548 



210,751 
11,926 



518,215 
26,856 



3,671 
1,824 



4,859,548 
647,190 

257,564 
235,564 
22,000 



181,706 
14,040 



3,803 
1,720 



3,115,233 
302,675 



100,056 
100,056 



583,587 
46,586 



3,118 
2,278 



3,830,490 
540,537 



186,789 
186,789 



342,094 
24,886 



3,358 
2,099 



3,372,784 
544,140 



191,734 
191,734 



170,052 
16,232 



3,545 
1,856 



2,299,083 
307,609 



102,779 
2,531 



115,232 
11,803 



3,446 

1,180 



(Thrmaand dollnra) 



3,193,202 
201,187 



93,335 
181 



665,283 
41,156 



3,322,903 
206,179 



95,309 
6,718 



525,522 
29,819 



3,460,625 
239,471 



111,182 
12,207 



458,903 
24,770 



3, .373,255 
262,297 



119,614 
16,001 



383,117 
22,670 



3,176,925 
280,926 



113,537 

107,124 

11,413 



257,414 
16,850 



2,182,450 
170,037 



60,020 
60,020 



444,141 
31,277 



2,477,280 
222,281 



79,602 
79,602 



368,845 
26,654 



2,703,412 
261,470 



93,275 
93,275 



245,195 
21,863 



2,178,106 
218,611 



78,279 

76,053 
2,226 



183,851 
14,513 



178 
32 



2,224,005 
140,851 

60,181 

49,317 
10,863 



3,734 
206 



3,907 
496 



7,588,094 
736,363 



123,409 
329,355 



103,310 
7,619 



6,460 
1,166 



3,862,214 
245,853 



41,710 
97,423 



116,185 
4,157 



2,002 
841 



1,586,807 
140,846 

61,577 

33,941 
27,637 



130,794 
9,541 



2,695 

700 



1,528,231 
116,363 

61,152 

24,726 
36,426 



107,081 
6,184 



N01E: For explanatory atatenents and ccoparabllity of data, aee the texts for the 1954 tables and for these historical tables. 
Data" for each of the yeara 1951-54 appears in the annual volume for those years. 



"Description of the Sample and Lijnitatlons of 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



159 



ALL ACTIVE CORPORATION RETURNS 

Table 42.— NUMBER OF RETURNS. TOTAL COMPILED RECEIPTS. NET INCOME OR DEFICIT, AND TAXES, BY MAJOR INDUSTRIAL QROUP AND BV INCOME AND DEFICIT STATUS— ConUnuad 



Major industrial group, selected items 



MANUFACTURING: PAPER AND ALLIED PRODUCTS 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

^cess profits taxes. 

Returns without net income : 
Total compiled receipts.. 
Deficit 



MANUFACTURING: PRINTING, PUBLISHING, 
AND ALLIED INDUSTRIES 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



MANUFACTDHING: CHQUCALS AND ALLIED PRODUCTS 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income : 



Income tax 

Excess profits taxes. 

Returns without net income; 
Total compiled receipts.. 
Deficit 



MANOFACTUHING: PETROLEUM AND COAL PRODUCTS 

Total number of returns of active corporations: 

With net income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



MANUFACTURING: RUBBER PRODUCTS 

Total number of returns of active corporations: 

With net Income 

Without net income 



Returns with net income: 

Total compiled receipts. 
Net income 



Income tax 

Excess profits taxes. 

Returns without net income: 
Total compiled receipts.. 
Deficit 



2,004 
733 



,074 
621 



2,025 
784 



2,271 
481 



,148 
460 



1,898 
658 



2,087 
446 



2,099 
262 



(Thouaitfid dottaraj 



8,126,438 
916,440 



452,516 
584 



452,753 
24,259 



9,454 
4,704 



,125,461 
957,030 

515,832 

474,179 
41,653 



259,426 
18,749 



9,427 
4,175 



7,523,728 
967,083 



480,242 
53,831 



347,653 
20,969 



9,672 
3,783 



8,269,421 
1,344,338 



657,400 
142,960 



160,819 
10,837 



9,127 
4,168 



6,883,425 
1,014,336 



411,101 
41,043 



84,865 
6,940 



8,939 
4,031 



5,002,330 
583,745 



214,666 
214,666 



465,226 
28,307 



8,547 
4,239 



5,737,079 
798,737 



295,838 
295,838 



268,652 
14,789 



8,978 
3,519 



5,617,782 
928,005 

343,388 
343,388 



95,642 
6,582 



8,789 
3,120 



4,314,669 
576,522 



213,122 

207,684 
5,438 



66,401 
6,636 



8,518 
2,478 



(ThotJtand dollars) 



7,607,786 
630,330 



289,592 

288,775 
817 



1,259,683 

59,107 



4,588 
2,768 



7,841,005 
663,023 



337,296 

309,767 
27,529 



716,987 
37,301 



4,669 
3,034 



7,251,273 
647,899 



324,523 

299,551 
24,972 



722,531 
34,259 



4,655 
2,973 



6,939,919 
654,993 



321,980 

295,021 
26,959 



534,392 
33,808 



4,932 
2,735 



6,217,762 
629,486 



248,170 

235,436 
12,734 



596,157 
44,757 



4,847 
2,540 



5,838,843 
557,700 



194,540 
194,540 



595,156 
41,056 



4,273 
3,240 



5,795,347 
616,198 



215,974 
215,974 



484,388 
38,385 



4,323 
3,088 



5,317,103 
665,430 



232,870 
232,870 



415,738 
35,842 



4,577 
2,948 



4,593,908 
677,279 



239,878 

236,163 
3,715 



253,169 
20,767 



4,608 
2,229 



(Thotisand dollars) 



17,976,928 
2,289,153 



1,103,970 
1,138 



1,123,605 
63,860 



432 

283 



17,917,808 
2,386,653 



1,163,050 
166,061 



927,664 
56,896 



447 

173 



17,451,511 
2,297,326 



1,117,635 
158,931 



616,639 
55,594 



476 
221 



17,699,542 
2,953,169 



1,412,072 
308,460 



704,064 
32,701 



524 
166 



16,217,543 
2,793,959 



1,103,061 
150,748 



250,070 
21,990 



516 
146 



12,491,853 
1,715,653 



606,108 
606,108 



843,313 
61,134 



423 
238 



13,696,104 
1,723,534 



609,526 
609,526 



553,439 
46,566 



453 

131 



13,224,339 
1,832,298 



653,199 
653,199 



370,891 
41,016 



407 
147 



10,558,939 
1,524,699 



538,262 
11,053 



270,337 
27,311 



346 
139 



( Thmisartd dollars) 



27,674,777 
1,662,847 

656,380 

656,250 
130 



797,486 
27,563 



544 
249 



26,318,954 
1,914,038 

742,995 

735,127 
7,863 



407,701 
7,600 



568 
256 



24,482,556 
1,768,903 

661,833 

650,285 
11,543 



483,694 
8,329 



523 

211 



24,278,326 
2,327,353 

1,019,472 

957,732 
61,740 



178,651 
2,954 



567 
150 



19,973,951 
1,826,031 

616,713 

603,308 
13,405 



126,226 
4,427 



535 
131 



17,523,579 
1,169,222 

344,484 
344,434 



663,574 
30,929 



427 
221 



19,733,277 
2,000,130 



660,044 
660,044 



228,900 
17,142 



431 
220 



14,968,960 
1,309,630 



421,901 
421,901 



111,4% 
6,463 



388 
247 



10,630,769 
742,103 



230,216 
453 



189,072 
7,070 



400 
161 



(Thousand dollara) 



4,459,202 
311,606 

154,693 

154, 537 
156 



166,095 
11,912 



4,922,761 
411,784 

227,744 

204,945 
22,799 



133,994 
5,291 



4,313,770 
387,998 



191,458 
28,359 



123,412 
5,6% 



4,907,036 
551,711 

329,094 

268,667 
60,427 



50,703 
2,287 



4,033,219 
436,397 

1%,524 

174,393 
22,131 



22,823 
2,140 



2,373,770 
164,597 



53,3% 
58,3% 



193,506 
11,871 



3,307,856 
262,315 



92,297 
92,297 



31,937 
7,345 



3,369,994 
240,979 



34,457 
34,457 



67,530 
7,667 



3,034,209 
321,391 

122,017 

114,151 
7,866 



49,092 
3,394 



1,848 
239 



3,510,239 
345,350 

197,707 

69,5% 
128,110 



74,019 
3,073 



8,021 
2,036 



3,744,226 
590,971 



97,330 
254,271 



101,050 
6,825 



4,414 
1,772 



9,359,557 
1,059,701 



225,502 
337,766 



550,655 
28,736 



311- 
131 



9,617,216 
370,575 

108,896 

98,260 
10,636 



767,502 
19,193 



361 
92 



3,299,988 
248,125 



30,291 
139,6% 



61,070 
1,773 



NOTE: For explanatory statements and conparablllty of data, see the texts for the 1954 tables and for these historical tables. "Description of the Sample and Limitations of 
Data" for each of the years 1951-54 appears in the annual volume for those years. 



160 



ACTIVE CORPORATION INCOME TAX RETURNS, 1945-1954 



ALL ACTIVE CORPORATION RETIRNS 

T4ble «2.— NUMBER OF RETURNS, TOTAL COMPItED RECEIPTS, NET INCOME OR DEFiaT, AND TAXES, BY MAJOR INDUSTRIAL GROUP AND BY INCOME AND DEHaT STATUS— ConUnuod 



Major indufltrtal group, selected items 



MANUFACTURING: LEATHER AND PRODUCTS 

Total number of returns of active corporations; 

With net income 

Without net income 

Returns with net income: 

Total compiled receipts 

Net income 

Total tax 

Income tax 

Excess profits taxes 

Returns without net income: 

Total compiled receipts 

Deficit 



MANUFACTURING: STONE, CLAY, AND GLASS 
PRODUCTS 

Total number of returns of active corporations: 

With net income 

Wi thout net income 

Returns with net income: 

Total compiled receipts 

Net income 

Total tax 

Income tax 

Excess profits taxes 

Returns without net income : 

Total compi led receipts 

Deficit 

MANUFACTURING: PHIMAHY METAL INDUSTRIES AND 
FABRICATED METAL PRODUCTS (EXCEPT ORDNANCE, 
MACHINERY, AND TRANSPORTATION EQUIHENT) 
Total number of returns of active corporations: 

With net income 

Without net income 

Returns with net income: 

Total compiled receipts 

Net income ; 

Tota 1 lax 

Income tax 

Excess profits taxes 

Returns without net income: 

Total compiled receipts 

Deficit 



MANUFACTURING: MACHINERY, EXCEPT TRANSPORTATION 
EQUIFUENT AND ELECTRICAL 

Total number of returns of active corporations: 

With net income 

Without net income 

Returns with net income: 

Total compiled receipts 

Net income 

Total tax 

Income tax 

Excess profits taxes 

Returns without net income: 

Total compi led receipts 

Deficit 



MANUFACTURING: ELECTRICAL MACHINERY 
AND EQUIPMENT 

Total number of returns of active corporations; 

With net income 

Wi thout net income 



Returns with net income: 
Total compiled receipts. 
Net income 



Income tax 

Excesa profits taxes. 

Returns without net Income: 
Total compiled receipts.. 
Deficit 



,621 
839 



1,671 
1,227 



1,908 
1,0U 



1,710 
1,1J0 



1,836 
944 



1,620 
1,297 



1,