Statements of Position



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This statement deals with situations in which a parent company joins with one or more of its subsidiaries in filing a consolidated income tax return and, because of minority shareholder interests, credit evaluations, or other reasons, the parent or one or more subsidiaries prepares separate financial statements of the parent or a subsidiary involves "intercorporate income tax allocation"--an allocation of the provision for income taxes reported in the consolidated financial statements.

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Corporations -- Taxation -- United States; Tax accounting -- United States; Income tax -- United States -- Accounting


Accounting | Taxation


Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Proposed statement of position on reporting intercorporate tax allocations;Reporting intercorporate tax allocations; Exposure draft (American Institute of Certified Public Accountants), 1978, Mar. 15



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