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Income Statement Reporting Discretion Allowed by FIN 48: Interest and Penalty Expense Classification

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ABSTRACT: Financial Accounting Standards Board Interpretation No. 48 (FIN 48, FASB 2006) allows discretion regarding the income statement classification of interest and penalty expenses for unrecog... Click to show full abstract

ABSTRACT: Financial Accounting Standards Board Interpretation No. 48 (FIN 48, FASB 2006) allows discretion regarding the income statement classification of interest and penalty expenses for unrecog...

Keywords: interest penalty; income statement; classification; discretion

Journal Title: Journal of The American Taxation Association
Year Published: 2017

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