FASB #96

22

22

• Under FASB #96:

  • Temporary differences were defined as ”differences between tax basis asset/liability and carrying value that will result in taxable amounts or deductible amounts in future years.” (text)
  • Use of future enacted tax rates; greater disclosure.
  • Scheduling of Future Taxable Amounts (FTA) or Future Deductible Amounts (FDA)

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