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March 18, 2026The Accounting Review

The Investment Credit, 'Deferred Income Taxes' and Accounting Measurement.

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Authors

RHRonald M. HorwitzDepartment of Commerce

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Implication

The article demonstrates the relationship between accounting treatment of investment credits and deferred income taxes, indicating implications for financial reporting.

Key Points

  • This article explores the accounting implications of the investment credit and its link to deferred income taxes.
  • Examines the historical context of the investment credit from the Revenue Act of 1962.
  • Analyzes the accounting treatment of deferred income taxes as a liability versus stockholders' equity.
  • Discusses the integration of financial and tax accounting regarding asset measures.
  • Argues for showing deferred income taxes as a contra asset.
  • Suggests measuring assets based on their future service potentials, discounted to present value.

Cite This Study

Ronald M. Horwitz (1964) studied this question.

synapsesocial.com/papers/69ba43a84e9516ffd37a528ahttps://doi.org/10.2308/tar-7134691
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Also Consider

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

  1. 1THE INVESTMENT TAX CREDIT AND THE ANNUAL TAX CHARGE.1965
  2. 2ACCOUNTING FOR THE INVESTMENT CREDIT.1963
  3. 3ACCOUNTING FOR 'INVESTMENT CREDIT'1963
  4. 4ACCOUNTING FOR INVESTMENT CREDITS.1963
  5. 5DEFERRED INCOME TAX LIABILITY.1958