FASB Simplifies Accounting and Financial Disclosures for Business Income Taxes
$325.00
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January 2020 The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2019-12 with the goal of reducing the complexity of Generally Accepted Accounting Principles (GAAP) for business income tax reporting. It applies to ASC 740, Income Taxes, and aims to also improve the usefulness of information provided to users of financial statements. View the full article here.
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