|
The provision for income taxes is calculated in accordance with SFAS No. 109, “Accounting for Income Taxes,” which requires the
recognition of deferred income taxes using the liability method.
Income (loss) before income taxes as shown in the Consolidated Statements of Income consisted of the following:
|
|
The significant components of deferred income tax assets and liabilities as of May 31, 2007 and 2006 were as follows:
|
