Facts: FASB ASC paragraph 320-10-35-33 (Investments—Debt and Equity Securities Topic) does not define the phrase “other than temporary” for available-for-sale equity securities. Find posts on Accounting Questions and Answers. Company X should consider the guidance in ASC 450-20-30-1 in determining the appropriate amount to accrue. Version. ASU 2016-02 also amends ASC 420 to exclude costs to terminate a lease from the scope of ASC 420. The amount of the offer establishes the low end of the range. /OpenAction 5 0 R Exit or Disposal Cost Obligations, ASC 420. Rev F. Product Ranges: ASCO Model 420 DC Surge Protective Device. %PDF-1.7 The nature and financial effects of each event or transaction Ernst & Young LLP professionals are prepared to help you identify and understand the … EY Download : ASCO Model 420 DC Surge Protective Devices Installation and Operation Manual - ASCO Model 420 DC Surge Protective Device, ... ASC-SPD-UM-420DC. Exit or Disposal Cost Obligations, ASC 420. accta December 20, 2015 November 30, 2018 U.S. GAAP by Topic. Accrual of One-Time Termination Benefits When Employee Stays Beyond Minimum Retention Period — 420-10-30 (Q&A 01) Accrual of Lease Payments for Partial Abandonments — 420-10-30 (Q&A 02) Determining the Fair Value of Liabilities for Costs Associated With Abandoned Operating Leases — 420-10-30 (Q&A 03) Determining “Remaining Lease Rentals” Related to an Operating Lease — 420-10-30 … �zlg�����,��d��N�z�-���*����V&���f^W�4���Tx�)'1C�a��+C�SvK{�r�n����j]�[�L`���^��g@�̀�Ȁ$ڣm����C�D��&v�F�]-`��3�0F�1�h懞c���7c�|�Qs���i,0�;FC���:z}��~m�Z��;t�[5��P�U���EP�Jn�%e7Cr-'�N�r�4� -�Ut?�n�i��ݚ9�����m��(-վk�75��j#�6Ғƕ������TS6Kէ��uuK�Rt��A~� �� ��iP�*�D���ǝ�X��0�s* ���~Z���q{���M#|�_{(�um@oAo�ް}=�L�f`�-�����͍2�6�M?�����? /Lang (en-US) ASC 420, Exit or Disposal Cost Activities, consists of one subtopic: ASC 420-10, Overall, which provides guidance on the definition, reporting, and disclosure of such costs. << >> endobj Under ASC 320-10-35-16, the $8 million discount is accreted to interest income over the remaining life of the security. In accordance with ASC 320-10-35-10d, the unrealized loss amount in AOCI is amortized simultaneously against interest income. For U.S. GAAP purposes, the term general loss contingency is used in this comparison to refer to those contingencies that fall within the scope of ASC 450. Financial reporting developments: Exit or disposal cost obligations As of July 1, 2009, all other non-grandfathered, non-SEC accounting literature not included in FASB ASC became nonauthoritative. - Exit or disposal cost obligation (ASC 420) Right-of-use Asset. Microsoft® Word for Office 365 >> The chapters in this guide discuss both lessee and lessor accounting by topic. The ASC would also be responsible for meaningfully disclosing, if applicable, physician financial interests or ownership in the ASC facility in accordance with 42 CFR Part 420 (Program Integrity). ",#(7),01444'9=82, Financial reporting developments: Exit or disposal cost obligations. According to ASC 450, when a loss contingency exists, the likelihood that a future event or events . Post navigation. Next. 81 0 obj << /Length 3303 As indicated in paragraph 420-10-15-6, this Topic does not change the accounting for termination benefits covered by the following Topics and Subtopics: Postemployment benefits provided through a pension or postretirement benefit plan (Subtopics 715-30 … FASB ASC is now the source of authoritative U.S. accounting and reporting standards for nongovernmental entities, in addition to guidance issued by the Securities and Exchange Commission (SEC). /Filter /FlateDecode 2 Upon the adoption of ASC 842, the right-of-use asset will be evaluated for impairment under ASC 360. Proposed Accounting Standards Update—Leases (Topic 840) By clicking on the ACCEPT button, you confirm that you have read and understand the FASB Website Terms … Previous. Topic 430: Deferred Revenue, ASC Codification 4 0 obj FASB issued its standard on leases, ASC 842, which will replace today’s leases guidance in 2019. Overview, ASC Codification (1) Legal Authority for Adoption of Rules. Exit or Disposal Cost Obligations SFAS 146, June 2002 “Accounting for Costs Associated with Exit or Disposal Activities” Exit or … More. endstream 24 PRODUCT FICHE The information in the product data sheet is given in accordance with the Commission delegated Regulation (EU) No 65/2014 supplementing Directive ofthe European Parliament and of the Council /Type /Metadata The FASB proposed removing the reference to CON 6 from ASC 420 and including the related guidance from CON 6 in ASC 420-10-25-2. %���� >> The most comprehensive guide to FASB Codifications, updated with the latest pronouncements Wiley GAAP 2020 is the essential resource for US GAAP implementation. 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