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FASB ASC Guide > FASB ASC 995

The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 995 (ASC 995) to address topics related to United States Steamship Entities. As a general rule, at this time the main issue which affects these entities is income taxes. Specifically, taxable temporary differences related to these (deferred tax assets or deferred tax liabilities) which are mostly caused by statutory reserve funds.

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