Accounting standard newly cited
Filing comparison
Princeton Bancorp, Inc. cited accounting standard ASU 2023-09 for the first time in this filing series
Income taxes The Company adopted ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” on January 1, 2025.
Evidence
- Adopted
- 2023-09
- Contexts
- Income taxes The Company adopted ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” on January 1, 2025.
- New standards
- 2016-13, 2023-06, 2023-09, 2025-08
- Prior filed
- 2025-04-15
- Prior form
- 10-K/A
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.