FAS 109 definition

FAS 109 means Financial Accounting Standard 109, “Accounting for Income Taxes.”29
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FAS 109 as defined in Section 9.10(a).
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FAS 109 means Financial Accounting Standard 109, “Accounting for Income Taxes.”11
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Examples of FAS 109 in a sentence

  • For purposes of computing taxable income under Rhode Island’s combined reporting statute, the taxpayer shall not claim a FAS 109 deduction.

  • The term “publicly traded company” shall mean a company whose stock is publicly traded; a privately held company that issues publicly traded debt is not eligible for the FAS 109 deduction.

  • District officials collaborated with research assistants from this company to develop a New Teacher Induction Survey.

  • Device Manager is located at Start>Control Panel>System>>Hardware tab>>Device Manager Fig.

  • If the enactment of combined reporting requirements for unitary businesses in the District results in an increase to a combined group's net deferred tax liability, the combined group is entitled to a FAS 109 deduction.

  • Income tax expense for each of the years presented is determined in accordance with FAS 109.

  • Intangibles as used for the determination of Minimum Tangible Net Worth shall be defined by GAAP exclusive of the deferred tax asset and associated valuation reserve as defined by FAS 109.

  • Formerly referred to as FAS 109 Tax Gross-Up. Recorded in Account 254.

  • The deadline for challenges to FAS 109 Amounts in the 2019 Annual Updates for ACE, Delmarva, and Pepco is tolled until the Settlement Agreement is made effective or is rejected.

  • Under Financial Accounting Standard 109 (“FAS 109”), a corporation that is required to issue financial statements must create a liability or an asset for estimated taxes payable or refundable for the current year.For purposes of computing taxable income under the Rhode Island pro forma combined report, the taxpayer shall not claim a FAS 109 deduction.


More Definitions of FAS 109

FAS 109 means Financial Accounting Standard 109, “Accounting for Income Taxes.”33
Sample 1
FAS 109 means Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes, issued February 1992.
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Related to FAS 109

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • FASB ASC means the Accounting Standards Codification of the Financial Accounting Standards Board.

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Pro Forma means producing a balance sheet that reflects a reasonably accurate financial statement of the Failed bank through the date of closing. The pro forma financial statements serve as a basis for the opening entries of both the Assuming Institution and the Receiver.

  • Financial Statement has the meaning set forth in Section 4(g) below.