[Greg]

In a pass-through entity, my understanding is that OCI unrealized gains/losses from AFS securities do not create deferred tax assets/liabilities given the pass-through nature. That being said, is OCI still reported net of tax?

BEC -  89 - 1/9/2018

FAR - 87 - 7/6/2018

REG - 83 - 6/4/2018

AUD - 83 - 5/20/2018

ETH - 93 - 8/20/2018

[AndreA]

Yes, we record OCI net of tax.

FAR - 73, 78 (WileyCPAexcel 3,000+ MCQs, 50 SIMs)
AUD - 73, 81 (WileyCPAexcel 3,000+ MCQs, 40 SIMs)
BEC - 71, 71, 74, 84 (WileyCPAexcel 3,000+ MCQs, 10 SIMs)
REG - 84 (WileyCPAexcel 2,000 MCQs, 15 SIMs)

CA Ethics Exam - 94%

NEVER GIVE UP.

[Greg]

Follow up for anyone wondering – it is not reported net of tax for pass-through entities!

BEC -  89 - 1/9/2018

FAR - 87 - 7/6/2018

REG - 83 - 6/4/2018

AUD - 83 - 5/20/2018

ETH - 93 - 8/20/2018

[CPAHOPE]

Net income + other comprehensive income = total comprehensive income
Other comprehensive income is not part of net income, therefore its not reported net of tax

AUD - 78
BEC - 76
FAR - 80
REG - 77

FAR 80

REG 79*,77

AUD 78!!Final

BEC 76

"Theres no limit unless you allow it"

*expired

[Author]

Replies