Applying the Lower of Cost or Market Rule in Translated Financial Statements—an interpretation of FASB Statement No. 8
StatusIssued:
February 1977
Effective Date:
For annual and interim periods ending after March 15, 1977
Affects:
No other pronouncements
Affected by:
Superseded by FAS 52, paragraph 3
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides