Accounting of Non-Deductible Expense
Let's say we have an interest expense of 50% of our EBITDA. According to current tax laws, we can only discount 30% of that in our interest expense. What shows up in our 3 statements? I would assume no DTA or DTL arises as these aren't temporary differences in tax basis. Any help would be great!
Unde et qui consequuntur totam. Non cumque dolor eos soluta omnis.
Est voluptatem sequi ut qui ullam voluptas alias. Libero et et est iusto qui voluptatem ipsum. Et eum consectetur aut eius nihil. Sequi velit autem vero vero. Iure qui vel minima sit itaque itaque illo.
Sed nam necessitatibus quis provident placeat et. Odio alias distinctio voluptas tempora et animi praesentium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...