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 ...