N.Y. Comp. Codes R. & Regs. tit. 10 § 441.267
Current through Register Vol. 46, No. 53, December 31, 2024
A correction of an error in earlier financial statements or an adjustment that results from realization of income tax benefits of pre-acquisition loss carry-forwards of purchased subsidiaries; all other items of profit or loss recognized in a fiscal year are required to be included in the determination of net income in the year recognized (see FASB Statement No. 16).
N.Y. Comp. Codes R. & Regs. Tit. 10 § 441.267