apportionment definition
An allocation based on some proportions. For example, a corporation's taxable income that was earned in many of the U.S. states might be allocated or apportioned to the states in which the corporation has conducted business.
An allocation based on some proportions. For example, a corporation's taxable income that was earned in many of the U.S. states might be allocated or apportioned to the states in which the corporation has conducted business.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.