(Reuters) - Now as the first-quarter earnings season gets under way, a new accounting rule, known as FIN 48, is giving investors a clearer picture than ever about what lurks in that second set of books.
With just a few companies adopting the rule so far, some have disclosed multimillion dollar charges to shareholder's equity -- or the book value of a company -- while others cautioned that changes in tax assumptions could affect their overall tax rate.
Read more at Reuters.com Market News
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