What is APB 23 assertion?
What is APB 23 assertion?
An APB 23 assertion requires that a multinational company provide evidence that demonstrates an ability to meet its domestic cash needs with only U.S. earnings and its plan to reinvest foreign earnings outside the U.S. This documentation usually requires the assertion to be supported by the following: the company’s …
What does APB stand for in tax?
The Accounting Principles Board (APB) was the authoritative body of the American Institute of Certified Public Accountants (AICPA) from 1959 until 1973. It was replaced in 1973 by the Financial Accounting Standards Board (FASB).
What is the indefinite reversal criterion?
A parent entity shall have evidence of specific plans for reinvestment of undistributed earnings of a subsidiary demonstrating that remittance of the earnings will be postponed indefinitely. These criteria required to overcome the presumption are sometimes referred to as the indefinite reversal criteria.
What is an outside basis difference?
Outside basis differences relate to the difference between the U.S. GAAP and tax basis in the stock of a domestic or foreign subsidiary. Whether deferred taxes are recorded on outside basis differences will depend on whether the disposition is intended to be a stock sale or an asset sale.
Is there valuation allowance in IFRS?
Unlike IFRS, all deferred tax assets are recognized and a valuation allowance is recognized to the extent that it is more likely than not that the assets will not be realized – i.e. a gross approach. The information required to determine the appropriate accounting is consistent under both GAAPs.
What is deferred tax liability?
A deferred tax liability is a tax that is assessed or is due for the current period but has not yet been paid—meaning that it will eventually come due. The deferral comes from the difference in timing between when the tax is accrued and when the tax is paid.
How do you calculate outside basis?
A tax investor’s tax or outside basis is equal to the total of :
- the capital contribution by the investor (initial capital contribution or amount paid by the tax investor),
- additional capital contributions (not generally there),
- dividends paid from the pre-tax cash flow distributions (that are subtracted)
How does Cisco business 240ac access point work?
The Cisco Business 240AC Access Point is managed by the Cisco Business Mobile app, an intuitive client application that simplifies traditional challenges associated with wireless network deployment, right from your mobile device. You can extend your network by adding new mesh extenders and automating wireless network activation in minutes.
What are model numbers for Cisco Aironet 2800 series access point?
The 2800 series access point is a wireless controller-based product and supports: •Integrated antennas on the 2802I access point model (AIR-AP2802I-x-K9) †External antennas on the 2802E access point models (AIR-AP2802E-x-K9) NoteThe ‘x’ in the model numbers represents the regulatory domain.
Which is the default mode of the Cisco AP?
The AP supports the following operating modes: Local—This is the default mode for the Cisco AP.
What kind of access point does Cisco business use?
Ideal for small and medium-sized networks, the Cisco Business 240AC Access Point delivers industry-leading performance for enterprise-class 4×4 Multi-user Multiple-Input Multiple-Output (MU-MIMO), four spatial stream access points that support the Institute of Electrical and Electronic Engineers (IEEE) 802.11ac Wave 2 standard.