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2016

March 29, 2016 — Disclosure Framework — FASB Makes Tentative Decisions About Income Tax Disclosure Requirements

Disclosure Framework — FASB Makes Tentative Decisions About Income Tax Disclosure Requirements

Accounting Journal Entry
March 29, 2016 — At its meeting last week, the FASB continued its discussions of income tax disclosure requirements as part of its project to review financial statement disclosures. The Board made tentative decisions related to indefinitely reinvested earnings, private-company requirements, and various other matters regarding income tax disclosures, as summarized below.