This analysis reveals deficiencies in FAS 96 regarding deferred tax accounts and tax rate adjustments, emphasizing necessary revisions.
Focuses on two important deficiencies in the Financial Accounting Standards Board's FAS 96 accounting convention, the interpretation of the deferred tax account and the adjustment of the deferred tax account for changes in the federal corporate tax rates. Assets and deferred taxes; Comparison of installment sales and tax depreciation; Tax law changes.
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Harold Bierman Jr. (1990) studied this question.
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