How Does SFAS No 109 Differ From SFAS No 96?
How Does SFAS No 109 Differ From SFAS No 96? In 1992, SFAS No. 109 succeeded SFAS No. 96 and restored consistency in terms of a largely evenhanded treatment relative to the balance sheet recognition of deferred tax assets and liabilities. Permanent differences between published statements and tax returns are not subject to the allocation