Tax Impact On PPA Flashcards
(1 cards)
1
Q
How does the tax impact affect PPA?
A
When reporting PPA net of tax, the tax impact is subtracted from, not added to the prior period adjustment.
How does the tax impact affect PPA?
When reporting PPA net of tax, the tax impact is subtracted from, not added to the prior period adjustment.
FAR 1- Accounting concepts (22 decks)