Nonmonetary Transactions APB Opinion 29, May 1973 “Accounting for Nonmonetary Transactions” SFAS 153, December 2004 “Exchanges of Nonmonetary Assets an amendment of APB Opinion No.
Category: U.S. GAAP by Topic
Leases SFAS 13, November 1976 “Accounting for Leases” Sale-Leaseback 1. Entity A sell a property to Entity B 2. Entity B leases the property to
Leases SFAS 13, November 1976 “Accounting for Leases” Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the lease term
Leases SFAS 13, November 1976 “Accounting for Leases” Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the lease term
Leases SFAS 13, November 1976 “Accounting for Leases” Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the
Interest on Receivables and Payables APB Opinion 21, August 1971 “Interest on Receivables and Payables” Note exchanged for cash 1. Present value of the note