Exchanges of Nonmonetary Assets—an amendment of APB Opinion No. 29
Status
Issued: December 2004
- Effective Date:
- For nonmonetary asset exchanges occurring in fiscal periods beginning after June 15, 2005
- Affects:
- Amends APB 29, paragraphs 3(c) and 4 and footnote 5a
- Replaces APB 29, paragraphs 20 and 21
- Amends APB 29 by adding paragraph 21A
- Deletes APB 29, footnotes 3 and 6
- Amends FAS 19, paragraphs 44 and 47(e)
- Amends FAS 140, paragraph 4
- Amends FAS 144, paragraphs 27 and 29 and footnote 17
- Affected by:
- No other pronouncements
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