{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/270/740/#50-disclosure","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"270","topic_title":"Interim Reporting","subtopic":"270-740","subtopic_title":"Income Taxes","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Variations in Customary Income Tax Expense Relationships","paragraphs":[{"citation":"270-740-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_106B1151-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Application of the requirements for accounting for <a href=\"/glossary/i/#income-taxes\" class=\"term\" title=\"Domestic and foreign federal (national), state, and local (including franchise) taxes based on income.\"><span>income taxes</span></a> in interim periods may result in a significant variation in the customary relationship between income tax expense and pretax accounting income. The reasons for significant variations in the customary relationship between income tax expense and pretax accounting income shall be disclosed in the interim period financial statements if they are not otherwise apparent from the financial statements or from the nature of the entity's business. </span></span></div></div>","snippet":"Application of the requirements for accounting for income taxes in interim periods may result in a significant variation in the customary relationship between income tax expense and pretax accounting income. The reasons …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8cbada44a1f2e64565b36ddc04a677c0a775bf12e521bef08001899f3a994c92","downloaded_from":"2026-09-09T23:20:42.950Z","last_downloaded_at":"2026-09-09T23:20:42.950Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477891","source_sha256":"422e5b33b7379b05c75de63ae5f719e4197a62371a27ea85b45dacdce04b2c38"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b481728dbecb35d14e26d268c5874dcd98ff8a9dfdebbc140bdd8c633112522a","downloaded_from":"2026-09-09T23:20:42.950Z","last_downloaded_at":"2026-09-09T23:20:42.950Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477891","source_sha256":"422e5b33b7379b05c75de63ae5f719e4197a62371a27ea85b45dacdce04b2c38"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d812bc71a972b59340d7dfe0caa801024d5dac0f7dd1bccd8c582c49fd34eef","downloaded_from":"2026-09-09T23:20:42.950Z","last_downloaded_at":"2026-09-09T23:20:42.950Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477891","source_sha256":"422e5b33b7379b05c75de63ae5f719e4197a62371a27ea85b45dacdce04b2c38"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d812bc71a972b59340d7dfe0caa801024d5dac0f7dd1bccd8c582c49fd34eef","downloaded_from":"2026-09-09T23:20:42.950Z","last_downloaded_at":"2026-09-09T23:20:42.950Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477891","source_sha256":"422e5b33b7379b05c75de63ae5f719e4197a62371a27ea85b45dacdce04b2c38"}}