OPINIONS OF THE ACCOUNTING PRINCIPLES BOARD
Accounting for Income Taxes
CONTENTS Paragraph
Numbers
Introduction 1-5
Applicability 6-7
Summary of Problems 8-11
Summary of Conclusions 12
Definitions and Concepts 13-14
Timing Differences Discussion
Nature of Timing Differences 15-17
Differing Viewpoints 18-25
Partial Allocation 26-28
Comprehensive Allocation 29-32
Permanent Differences 33
Opinion 34-37
Special Areas Requiring Further Study 38-41
Operating Losses
Discussion 42-43
Opinion 44-50
Issued by the Accounting Principles Board of the American Institute of Certified Public Accountants
COPYRIGHT 1967 BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. 666 FIFTH AVENUE, NEW YORK, NEW YORK 10019
DECEMBER 1967
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