{"id":17524,"date":"2022-03-09T11:41:56","date_gmt":"2022-03-09T16:41:56","guid":{"rendered":"https:\/\/poole.ncsu.edu\/thought-leadership\/?p=17524"},"modified":"2022-06-30T16:18:01","modified_gmt":"2022-06-30T20:18:01","slug":"andrew-schmidt-explains-deferred-tax-asset-decisions","status":"publish","type":"post","link":"https:\/\/poole.ncsu.edu\/thought-leadership\/article\/andrew-schmidt-explains-deferred-tax-asset-decisions\/","title":{"rendered":"Andrew Schmidt Explains Deferred Tax Asset Decisions"},"content":{"rendered":"\n<p><a href=\"https:\/\/poole.ncsu.edu\/people\/apschmid\/\">Andrew Schmidt&#8217;s<\/a>, associate professor of accounting, recent report on corporate use of deferred tax assets helps explain why a company should not record an allowance against its deferred tax asset.<\/p>\n\n\n\n<p>\u201cThe fair market value of MicroStrategy\u2019s bitcoin holdings as of the [Dec. 31, 2021] balance sheet date is approximately $5.7 billion,\u201d said Schmidt. \u201cThe sale of this bitcoin would likely generate enough capital gain to offset the capital loss created by the $0.8 billion bitcoin impairment in 2021.&#8221;<\/p>\n\n\n\n<p>Read the full article on <a href=\"https:\/\/es-us.finanzas.yahoo.com\/news\/taxes-wild-card-public-companies-145853836.html\">Yahoo! Finance<\/a>, <a href=\"https:\/\/www.nasdaq.com\/articles\/taxes-are-a-wild-card-for-public-companies-holding-crypto\">NASDAQ<\/a> and <a href=\"https:\/\/es-us.finanzas.yahoo.com\/news\/taxes-wild-card-public-companies-145853836.html\">Yahoo! Finanzas<\/a>.<\/p>\n","protected":false,"raw":"<!-- wp:ncst\/dynamic-header -->\n<!-- wp:ncst\/default-post-header \/-->\n<!-- \/wp:ncst\/dynamic-header -->\n\n<!-- wp:paragraph -->\n<p><a href=\"https:\/\/poole.ncsu.edu\/people\/apschmid\/\">Andrew Schmidt's<\/a>, associate professor of accounting, recent report on corporate use of deferred tax assets helps explain why a company should not record an allowance against its deferred tax asset.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\u201cThe fair market value of MicroStrategy\u2019s bitcoin holdings as of the [Dec. 31, 2021] balance sheet date is approximately $5.7 billion,\u201d said Schmidt. \u201cThe sale of this bitcoin would likely generate enough capital gain to offset the capital loss created by the $0.8 billion bitcoin impairment in 2021.\"<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Read the full article on <a href=\"https:\/\/es-us.finanzas.yahoo.com\/news\/taxes-wild-card-public-companies-145853836.html\">Yahoo! Finance<\/a>, <a href=\"https:\/\/www.nasdaq.com\/articles\/taxes-are-a-wild-card-for-public-companies-holding-crypto\">NASDAQ<\/a> and <a href=\"https:\/\/es-us.finanzas.yahoo.com\/news\/taxes-wild-card-public-companies-145853836.html\">Yahoo! Finanzas<\/a>.<\/p>\n<!-- \/wp:paragraph -->"},"excerpt":{"rendered":"<p>Andrew Schmidt&#8217;s recent report on corporate use of deferred tax assets helps explain why a company should not record an allowance against its deferred tax asset.<\/p>\n","protected":false},"author":0,"featured_media":16366,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"source":"","ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"ncst\/default-post-header","ncst_dynamicHeaderData":"{\"showAuthor\":true,\"showDate\":true,\"showFeaturedVideo\":false,\"displayCategoryID\":170,\"caption\":\"\"}","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[170],"tags":[],"_ncst_magazine_issue":[],"series":[],"class_list":["post-17524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-news"],"displayCategory":{"term_id":170,"name":"In the News","slug":"in-the-news","term_group":0,"term_taxonomy_id":170,"taxonomy":"category","description":"","parent":0,"count":352,"filter":"raw"},"acf":{"ncst_posts_meta_modified_date":null},"_links":{"self":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/17524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/comments?post=17524"}],"version-history":[{"count":8,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/17524\/revisions"}],"predecessor-version":[{"id":17871,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/17524\/revisions\/17871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media\/16366"}],"wp:attachment":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media?parent=17524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/categories?post=17524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/tags?post=17524"},{"taxonomy":"_ncst_magazine_issue","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/_ncst_magazine_issue?post=17524"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/series?post=17524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}