Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
March 18, 2026The Accounting Review

Comments on the 1957 Revision of Corporate Accounting and Reporting Standards.

View Full Paper
Ask AI
Bookmark
Share

Authors

AKArthur C. KelleySan Jose State University

Discussion

Loading...

Member takes

Overview

Comments reveal concerns about confusing guidelines on income determination in corporate accounting standards.

Key Points

  • This commentary critiques the 1957 revision of corporate accounting standards, particularly the treatment of net income.
  • Analysis of the 1957 revision of corporate accounting standards
  • Assessment of Part IV on income determination
  • Evaluation of implications for accounting practices
  • The recommendation states that interest charges, income taxes, and profit sharing are not considered in net income.
  • This conclusion is deemed illogical and contrary to standard business practices.
  • The commentary highlights potential confusion for readers of corporate accounting statements.

Cite This Study

Arthur C. Kelley (1958) studied this question.

synapsesocial.com/papers/69ba42ae4e9516ffd37a3312https://doi.org/10.2308/tar-7061297
View Full Paper
Ask AI
Bookmark
Share

Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1THE TREATMENT OF INCOME TAXES BY THE 1957 AAA STATEMENT.1958 · 1 citations
  2. 2COMMENTS ON THIRD STATEMENT OF ACCOUNTING CONCEPTS AND STANDARDS.1949
  3. 3THE REVENUE AND INCOME PRINCIPLES.1942
  4. 4ANOTHER LOOK AT THE 1957 STATEMENT.1962
  5. 5LIMITATIONS ON THE SIGNIFICANCE OF INVESTED COST.1952