Wiley Practitioner's Guide to GAAP 2022

46ASC 740 INCOME TAXES

• Perspective and Issues
  • Technical Alert-ASU 2019-12
    • Guidance
  • Subtopics
  • Scope and Scope Exceptions
    • ASC 740-10
    • ASC 740-20
    • ASC 740-30
  • Overview
    • Accounting Theory—A Balance Sheet Approach
• Definitions of Terms Concepts, Rules, and Examples
  • Recognition
    • Basic Recognition Threshold
  • Temporary Differences
    • Major Categories of Temporary Differences
    • Other Sources of Temporary Differences
  • Other Common Temporary Differences
  • Permanent Differences
    • Treatment of Net Operating Loss Carryforwards
    • Example—Net Operating Loss Carryforwards and Income Tax Credit Carryforwards
    • Certain Income Tax Benefits Allocable to Stockholders’ Equity
    • Interest and Penalties
  • Initial Measurement
    • Scheduling the Reversal Years of Temporary Differences
    • Example of the Two-Step Initial Recognition and Measurement Process
    • Determining the Appropriate Income Tax Rate
    • Computing Deferred Income Taxes
    • Example—Computation of Deferred Income Tax Liability and Asset: Basic Example
    • Applicability to Business Combinations
    • Establishing a Valuation Allowance for Deferred Income Tax Assets
    • Example—Establishment of a Valuation Allowance
    • Example of Applying the More-Likely-Than-Not Criterion to a Deferred Income Tax Asset
    • Example—Impact of a Qualifying Tax Strategy
    • Changes in a Valuation Allowance for an Acquired Entity’s Deferred Income Tax Asset
  • Subsequent Recognition of New Information Affecting Measurement of Tax Positions
  • Tax Law Changes
    • General Rules
    • Enactment Occurring during an Interim Period ...