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Balance Sheet Classification Of Deferred Income Taxes Arising From Installment Sales, United States. Securities And Exchange Commission
Balance Sheet Classification Of Deferred Income Taxes Arising From Installment Sales, United States. Securities And Exchange Commission
Federal Publications
It has come to the attention of the Securities and Exchange Commission that diverse practices exist regarding the balance sheet classification of deferred income taxes arising from the use of the installment method of reporting gross profit for income tax purposes. The majority of companies having installment receivables classified as current assets classify the related deferred income taxes as a noncurrent credit item, while some classify the deferred income taxes as a current liability or as a deduction from the receivables. It is understood that, at the end of their current fiscal years, some registrants intend to change from current …
Statement Of Administrative Policy Regarding Balance Sheet Treatment Of Credit Equivalent To Reduction In Income Taxes, United States. Securities And Exchange Commission
Statement Of Administrative Policy Regarding Balance Sheet Treatment Of Credit Equivalent To Reduction In Income Taxes, United States. Securities And Exchange Commission
Federal Publications
On December 30, 1958, in Securities Act Release No. 4010 the Commission gave notice of its intention to announce a statement of administrative policy regarding the balance sheet treatment, in financial statements filed with the Commission, of the credit equivalent to the reduction of income taxes arising from the deduction of costs for income tax purposes at a more rapid rate than for financial statement purposes. Comments and views thereon were submitted and oral presentation before the Commission was made by interested persons on April 8 and 10, 1959
Response To Comment On Statement Of Administrative Policy Regarding Balance Sheet Treatment Of Credit Equivalent To Reduction In Income Taxes, United States. Securities And Exchange Commission, Andrew Barr
Response To Comment On Statement Of Administrative Policy Regarding Balance Sheet Treatment Of Credit Equivalent To Reduction In Income Taxes, United States. Securities And Exchange Commission, Andrew Barr
Federal Publications
The Securities and Exchange Commission today made public a letter sent by its Chief Accountant, Andrew Barr, to Mr. Carman G. Blough, Director of Research, American Ins
In The Matter Of Charges In Lieu Of Taxes: Statement Of The Commission's Opinion Regarding Charges In Lieu Of Income Taxes And Provisions For Income Taxes In The Profit And Loss Statement, United States. Securities And Exchange Commission
In The Matter Of Charges In Lieu Of Taxes: Statement Of The Commission's Opinion Regarding Charges In Lieu Of Income Taxes And Provisions For Income Taxes In The Profit And Loss Statement, United States. Securities And Exchange Commission
Federal Publications
The purpose of this statement is to outline the Commission's views in the matter of so-called "Charges in lieu of income taxes" and of "Provisions for income taxes" which are intentionally in excess of those actually expected to be payable; to give the reasons for that opinion; and to state its views on the points which certain accounting firms have made in connection with the principles discussed herein.