FASB publishes Exposure Draft on the rescission of FASB Statements No. 4, 44 and 64, corrections.

• Author: Heffes, Ellen M.
• Position: Domestic - Financial Accounting Standards Board - Brief Article

The Financial Accounting Standards Board (FASB) issued an Exposure Draft that rescinds FASB Statement No. 4, Reporting Gains and Losses from Extinguishment of Debt, and an amendment of that Statement, FASB Statement No. 64, Extinguishments of Debt Made to Satisfy Sinking-Fund Requirements. In addition, this proposed Statement would rescind FASB Statement No. 44, Accounting for Intangible Assets of Motor Carriers, as well...