Add to favorites
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.

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide