Income Statement Reporting Discretion Allowed by FIN 48: Interest and Penalty Expense Classification
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DOI: 10.2308/atax-51542
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... read more here.
Keywords: interest penalty; income statement; classification; discretion ... See more keywords