CHAPTER 24
INCOME TAXES
Perspective and Issues
Definitions of Terms
Concepts, Rules, and Examples
Evolution of Accounting for Income Taxes
ASC 740 in Greater Detail
Temporary and Permanent Differences
Temporary differences
Temporary differences from share-based compensation arrangements
Temporary differences arising from convertible debt with a beneficial conversion feature
Permanent differences
Treatment of Net Operating Loss Carryforwards
Measurement of Deferred Income Tax Assets and Liabilities
Scheduling of the reversal years of temporary differences
Determining the appropriate income tax rate
Computing deferred income taxes
The Valuation Allowance for Deferred Income Tax Assets Expected to Be Unrealizable
Accounting for Uncertainty in Income Taxes
Background
Scope
Initial recognition and measurement
Interest
Penalties
Subsequent recognition, derecognition, and measurement
Classification
Applicability to business combinations
The Effect of Tax Law Changes on Previously Recorded Deferred Income Tax Assets and Liabilities
General rules
Enactment occurring during an interim period
Changes in a valuation allowance for an acquired entity’s deferred income tax asset
Leveraged leases
Reporting the Effect of Tax Status Changes
Reporting the Effect of Accounting Changes for Income Tax Purposes
Income Tax Effects of Dividends Paid on Shares Held by Employee Stock Ownership Plans
Business Combinations
Purchase-method accounting under ASC 805
Acquisition-method accounting under ASC 805 ...
Get Wiley GAAP 2013: Interpretation and Application of Generally Accepted Accounting Principles now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.