Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 4 - Income Statement and Related Information - Review and Practice - Questions - Page 180: 27


The phrase β€œtax allocation within a period,” refers to the act of assigning the income tax for an accounting period to items such as extraordinary items, income before extraordinary items, and necessary period adjustments.

Work Step by Step

The justification for tax allocation within a period is to present statements that show an appropriate relationship.
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