Search within this section
Select a section below and enter your search term, or to search all click Income taxes
Favorited Content
12.1 Chapter overview—intraperiod tax allocation
Publication date: 14 Jul 2023
us Income taxes guide
ASC 740 provides rules for allocating the total tax expense (or benefit) for a year among the various financial statement components, including components of net income (i.e., continuing operations and discontinued operations), components of comprehensive income that are excluded from net income (i.e., OCI), and other items reflected directly in contributed capital or retained earnings. This process of allocation is referred to in ASC 740 as “intraperiod allocation.”
In this chapter, we discuss the accounting model for intraperiod allocation and some of the intricacies in the model’s application.
PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
Link copied
