Christensen, Theodore E.; Paik, Gyung H.; Stice, Earl K. - In: Journal of Business Finance & Accounting 35 (2008-06) 5-6, pp. 601-625
The provisions of SFAS No. 109 allow US companies to make an earnings big bath even bigger through the establishment of a deferred tax valuation allowance. At the time a firm recognizes a non-cash charge, it also recognizes a deferred tax asset to represent the future tax benefits of the charge....