Accounting standard newly cited
Filing comparison
MCGRATH RENTCORP cited accounting standard ASU 2023-09 for the first time in this filing series
IMPLEMENTED ACCOUNTING PRONOUNCEMENTS Effective December 15, 2025, the Company adopted ASU 2023-09, Income Taxes—Improvements to Income Tax Disclosures (Topic 740), which requires Companies to disclose annually the specific categories in income tax rate reconciliations, provide additional information for reconciling items which meet a quantitative threshold, and disaggregate domestic and foreign…
Evidence
- Adopted
- 2023-09
- Adoption year stated
- 2025
- Contexts
- IMPLEMENTED ACCOUNTING PRONOUNCEMENTS Effective December 15, 2025, the Company adopted ASU 2023-09, Income Taxes—Improvements to Income Tax Disclosures (Topic 740), which requires Companies to disclose annually the specific categories in income tax rate reconciliations, provide additional information for reconciling items which meet a quantitative threshold, and disaggregate domestic and foreign…
- New standards
- 2023-09, 2024-03, 2025-06
- Prior filed
- 2025-02-19
- Prior form
- 10-K
- 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.