JournalofAccountancy

FASB simplifies presentation of deferred income taxes

A new standard FASB issued Friday is designed to improve the way deferred taxes are classified on organizations’ balance sheets. Accounting Standards Update No. 2015-17, Income Taxes (Topic 740): ...
Houston Chronicle

Tax Payable vs. Deferred Income Tax Liability

"Tax payable" and "deferred income tax liability" both appear as liabilities on a company's balance sheet; both represent taxes that must be paid in the future. However, they arise in different ways.
Houston Chronicle

Balance Sheet Classification of Deferred Expenses

Companies that use accrual accounting often end up with deferred expenses on their balance sheets. That's because under accrual accounting, accountants recognize expenses when they occur, not when the ...
Business Insider

Banner Corporation Announces Write Down of Deferred Tax Asset and Balance Sheet Restructuring; Year End Assets of Less Than $10 Billion | Markets Insider

WALLA WALLA, Wash., Jan. 04, 2018 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM:BANR), the parent company of Banner Bank and Islanders Bank, today announced that as a result of the Tax Cuts and ...
Reuters

Ligand Pharmaceuticals - Expects Reduction Of Corporate Tax Rate To Reduce Deferred Tax Asset On Balance Sheet By About $40 Mln

Berkshire bought just $1.5 billion of stock in the quarter, the eighth straight where it was a net seller of stocks.
Reuters

Banner Corp Announces Write Down Of Deferred Tax Asset And Balance Sheet Restructuring

* BANNER CORP - ‍AS A RESULT OF TAX CUTS AND JOB ACT ENACTED DECEMBER 22, 2017, IT WILL BE REQUIRED TO REVALUE ITS DEFERRED TAX ASSETS AND LIABILITIES * BANNER - ‍BASED ON ITS PRELIMINARY ANALYSIS, ...
Entrepreneur

What Is a Balance Sheet and Why Does Your Business Need One?

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...