Intraperiod Tax Allocation - period to the specific items...

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Intraperiod Tax Allocation Companies report irregular items (except for unusual gains and losses) on the income statement or statement of retained earnings net of tax. This procedure is called intraperiod tax allocation , that is, allocation within a period. It relates the income tax expense (sometimes referred to as the income tax provision) of the fiscal
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Unformatted text preview: period to the specific items that give rise to the amount of the tax provision. Intraperiod tax allocation helps financial statement users better understand the impact of income taxes on the various components of net income....
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