Status of Interpretation No. 32

Application of Percentage Limitations in Recognizing Investment Tax Credit—an interpretation of APB Opinions 2, 4, and 11

Status

Issued: March 1980

Effective Date:

For fiscal years beginning after December 15, 1979

Affects:

Supersedes FIN 25, footnote 5

Affected by:

Superseded by FAS 96, paragraph 203(n), and FAS 109, paragraph 286(q)

Other Interpretive Pronouncement:

FTB 86-1 (Superseded by FAS 96 and FAS 109)

Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides