Application of Percentage Limitations in Recognizing Investment Tax Credit—an interpretation of APB Opinions 2, 4, and 11
StatusIssued:
March 1980
Effective Date:
For fiscal years beginning after December 15, 1979
Affects:
Supersedes FIN 25, footnote 5
Affected by:
Superseded by FAS 96, paragraph 203(n), and FAS 109, paragraph 286(q)
Other Interpretive Pronouncement:
FTB 86-1 (Superseded by FAS 96 and FAS 109)
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides