# ASC 740-942-50: Income Taxes — Financial Services—Depository and Lending — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/740/942/#50-disclosure)

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## ASC 740-942-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/740/942/#50-disclosure)

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#### Deferred Tax Liability

##### [740-942-50-1](https://asc.understandingaccounting.org/asc/740/942/#740-942-50-1)

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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](https://asc.understandingaccounting.org/asc/740/10/#740-10-25-3), [740-30-25-5](https://asc.understandingaccounting.org/asc/740/30/#740-30-25-5), [740-30-25-18](https://asc.understandingaccounting.org/asc/740/30/#740-30-25-18), and
    
    [942-740-25-1 through 25-3](https://asc.understandingaccounting.org/asc/740/942/#740-942-25-1)
    
    .

##### [740-942-50-2](https://asc.understandingaccounting.org/asc/740/942/#740-942-50-2)

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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.