Examlex
A traditional approach to planning,mostly used before 1980,that often just extrapolates the past into the future is called:
Intraperiod Tax Allocation
The process of allocating income taxes within a single financial reporting period, dividing the total tax expense among different parts of the financial statements.
Extraordinary Gain
Profits that arise from events that are unusual, infrequent, and not expected to recur in the foreseeable future.
Accounting Principles
Guidelines and rules that govern the process of reporting financial information and preparing financial statements.
Deferred Tax Asset
An item on a company's balance sheet that is used to decrease future tax liability due to temporary timing differences in income recognition.
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