FASB ASC Research Problems FASB ASC Structure. Each ASC reference is structured as a series of four numbers: a three-digit Topic (the first digit of which represents an Area), a two-digit Subtopic, a two-digit Section, and a two- or three-digit Paragraph. Accounting for Income Taxes A client is preparing its deferred tax provision and is trying to determine what rate to use. A tax bill that will change its tax rate was passed and enacted shortly after the clients year-end. Identify the location in professional standards that indicates what tax rate should be used to measure deferred taxes. FASB ASC

Accounting for Income Taxes

A client is preparing its deferred tax provision and is trying to determine what rate to use. A tax bill that will change its tax rate was passed and enacted shortly after the clients year-end. Identify the location in professional standards that indicates what tax rate should be used to measure deferred taxes.

FASB ASC