FASB Updates Q&A For Statement 140.

• Position: Financial Accounting Standards Board - Brief Article

As things change, even the same old questions may have some new answers. With that in mind, the FASB has updated its frequently asked questions about FASB Statement No. 140, Accounting for Transfers and Servicing of Financial and Extinguishments of Liabilities. "The new questions focus on the effects of various kinds of call options on sale treatment...