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