Status of Interpretation No. 42

Accounting for Transfers of Assets in Which a Not-for-Profit Organization Is Granted Variance Power—an interpretation of FASB Statement No. 116


Issued: September 1996

Effective Date:
For financial statements for fiscal years ending after September 15, 1996


No other pronouncements


Affected by:
Superseded by FAS 136, paragraph 7


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