Accounting for income taxes : special areas;

              OPINIONS OF THE ACCOUNTING PRINCIPLES BOARD
23
Accounting for Income Taxes-
Special Areas
CONTENTS Paragraph
Numbers
Introduction 1—4
Discussion 5—6
Undistributed Earnings of Subsidiaries 7—14
Discussion 7—8
Opinion 9—14
Timing difference 10—11
Indefinite reversal criteria 12
Change in investment 13
Disclosure 14
Investments in Corporate Joint Ventures 15—18
Discussion 15—16
Opinion 17—18
Disclosure 18
"Bad Debt Reserves" of Savings and Loan Associations. 19—25
Discussion 19—22
Opinion 23-25
Disclosure 24-25
"Policyholders' Surplus" of Stock
Life Insurance Companies 26—30
Discussion 26—27
Opinion 28—30
Disclosure 29-30
Effective Date 31-33
Issued by the Accounting Principles Board of the American Institute of Certified Public Accountants
COPYRIGHT 1972 BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. 666 FIFTH AVENUE, NEW YORK, NEW YORK 10019
APRIL 1972