Firms which elect to use accelerated depreciation for tax purposes while using straight-line for reporting purposes have only one approved method for recording the difference between book tax expense and the tax liability.' This method relies on a deferred credit account in which the difference between the tax expense (calculated using straight-line depreciation) and the actual tax paid is recorded. The reported net income resulting from this procedure is the same as it would have been if straight-line depreciation were taken for tax purposes. Tax allocation is considered an extension of accrual accounting to include` taxes. The logical grounds for such inclusion are laid in the classification of taxes as expense items.

Book review, Accounting theory

Journal Article Embodied Technology and the Existence of Labour and Output Aggregates Get access F. M. Fisher F. M. Fisher Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 4, October 1968, Pages 391–412, https://doi.org/10.2307/2296767 Published: 01 October 1968

Journal Article Embodied Technology and the Aggregation of Fixed and Movable Capital Goods Get access F. M. Fisher F. M. Fisher Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 4, October 1968, Pages 417–428, https://doi.org/10.2307/2296769 Published: 01 October 1968

Journal Article Optimal Growth and Continual Planning Revision Get access S. M. Goldman S. M. Goldman University of California, Berkeley Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 2, April 1968, Pages 145–154, https://doi.org/10.2307/2296544 Published: 01 April 1968

Journal Article The Effects of Relative Prices and Capacity on the Demand for Labour in the U.S. Manufacturing Sector Get access M. I. Nadiri M. I. Nadiri Northwestern University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 35, Issue 3, July 1968, Pages 273–288, https://doi.org/10.2307/2296662 Published: 01 July 1968

Disclosures, Voluntary Disclosure, Materiality

Two general methods of computing the rate of return on common stock are being discussed widely. These methods are the internal rate of return and the geometric mean of the annual rates of return. The Gordon-Shapiro formulation, , is the best known model of the former type.