FASB rescinds statements.
| Position | FASB News - Financial Accounting Standards Board - Brief Article |
FASB has issued an exposure draft that rescinds FASB Statement No. 4, Reporting Gains and Losses from Extinguishment of Debt, as well as an amendment of that statement, FASB Statement No. 64, Extinguishments of Debt Made to Satisfy Sinking-Fund Requirements. This proposed statement also would rescind FASB Statement No. 44, Accounting for Intangible Assets of Motor Carriers, and amend...
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