WELLS FARGO COMPANYMN
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
WFC$83.94-1.0%Stored close · as of Nov 6, 2026
Contents
EX-13 · Current Accounting Developments
Current Accounting Developments
Table 46 provides the significant accounting updates applicable to us that have been issued by the Financial Accounting Standards Board (FASB) but are not yet effective.
Table 46: Current Accounting Developments – Issued Standards
| Description and Effective Date | Financial statement impact |
|---|---|
| ASU 2023-09 – Income Taxes (Topic 740): Improvements to Income Tax Disclosures | |
| The Update, effective January 1, 2025 (with early adoption permitted), enhances annual income tax disclosures primarily to further disaggregate existing disclosures. | The Update impacts our annual income tax disclosures. We are currently evaluating the required changes to our income tax disclosures. Upon adoption, those disclosures may change as follows:•For the tabular effective income tax rate reconciliation, provide specific categories (where applicable) and further disaggregation of certain categories (where applicable) by nature and/or jurisdiction if the reconciling item is 5% or more of the statutory tax expense.•Description and disclosure of states and local jurisdictions that contribute the majority of the effect of the state and local income tax category of the effective income tax rate reconciliation.•Disaggregate the amount of income taxes paid (net of refunds) by federal, state, and non-U.S. taxes and further disaggregate by individual jurisdictions where income taxes paid (net of refunds) is 5% or more of total income taxes paid (net of refunds).•Disaggregate net income (or loss) before income tax expense (or benefit) between domestic and non-U.S. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.