{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/740/942/#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":"740","topic_title":"Income Taxes","subtopic":"740-942","subtopic_title":"Financial Services—Depository and Lending","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Deferred Tax Liability","paragraphs":[{"citation":"740-942-50-1","para":"50-1","html":"
All of the following information shall be disclosed whenever a deferred tax liability is not recognized because of the exceptions to comprehensive recognition of deferred taxes related to a savings and loan association's bad-debt reserve for financial reporting:
  1. a
    A description of the types of temporary differences for which a deferred tax liability has not been recognized and the types of events that would cause those temporary differences to become taxable
  2. b
    The cumulative amount of each type of temporary difference
  3. c
    The amount of the deferred tax liability for temporary differences (that is, the bad-debt reserve for tax purposes of a U.S. savings and loan association or other qualified thrift lender) that is not recognized in accordance with the provisions of paragraphs 740-10-25-3, 740-30-25-5, 740-30-25-18, and
    942-740-25-1 through 25-3
    .
","snippet":"All of the following information shall be disclosed whenever a deferred tax liability is not recognized because of the exceptions to comprehensive recognition of deferred taxes related to a savings and loan association's…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff047cfb8b8399a81394be52fa5a60f4cc917a2842d0f2c019a8b9acfd32dfdb","downloaded_from":"2026-09-10T01:20:31.179Z","last_downloaded_at":"2026-09-10T01:20:31.179Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477617","source_sha256":"e45a56c2aef54abbdb17d06f5762ec223a9e431a5395707847ca626f74fac852"}},{"citation":"740-942-50-2","para":"50-2","html":"
The disclosure requirements set forth in the preceding paragraph also apply to a parent entity of a savings and loan association accounting for that investment either through consolidation or by the equity method.
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