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