Applying the Lower of Cost or Market Rule in Translated Financial Statements—an interpretation of FASB Statement No. 8

Status

Issued: 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Superseded by FAS 52, paragraph 3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