...rights to patents or royalties. For purposes of this definition, "assets" means all existing and all probable future economic benefits obtained or controlled...particular entity as a result of past transactions. Termination under §280.97(b)(l) and §280.97(b)(2) means only those changes that could result in a...

...rights to patents or royalties. For purposes of this definition, "assets" means all existing and all probable future economic benefits obtained or controlled...particular entity as a result of past transactions. Termination under §280.97(b)(l) and §280.97(b)(2) means only those changes that could result in a...

...rights to patents or royalties. For purposes of this definition, "assets" means all existing and all probable future economic benefits obtained or controlled...particular entity as a result of past transactions. Termination under §280.97(b)(l) and §280.97(b)(2) means only those changes that could result in a...

...accounting literature: Statement of Financial Accounting Concepts Ho. 3, Elements of Financial Statements of Business Enterprises, states: o Assets are probable...An asset has three essential characteristics: (a) it embodies a probable future benefit that involves a capacity, singly or in combination with other...

...1.25% of insured deposits. Under generally accepted accounting principles (GAAF) assets are defined as "...probable future economic benefits obtained or...entity as a result of past transactions or events." When an asset has been impaired, previously recognized future benefits have been reduced or eliminated....

...Liabilities + Owners' equity These equation elements are defined in Concepts Statement No. 6 as follows: Assets are probable future economic benefits obtained...entity as a result of past transactions or events. Examples of assets are cash, accounts receivable, inventory, land, and buildings. Liabilities are probable...

...Statement of Financial Accounting Concepts Ho. 6, 'Elements of Pinaneial Statements.' It states that 'assets are probable future economic benefits obtained...entity as a result of past transactions or events.' Future economic benefits to credit unions related to the deposit may include i The forgone expense...

...Statement of Financial Accounting Concepts Mo. «, 'Elements of Financial Statements.* It states that 'assets are probable future economic benefits obtained...or controlled by a particular entity as a result of pan transactions or events.' Future economic benefits to credit unions related to the deposit »ay...

...under GAAP because FASB's Statement of Financial Accounting Concepts No. 6 defines assets as "probable economic benefits obtained or controlled by a particular...entity as a result of past transactions or events." The future economic benefits include: the annual 1/12 of 1 percent insurance premium, which the NCUA...

...Accounting Concepts (SFAC) No. 6, Elements of Financial Statements. This statement defines assets as "probable future economic benefits obtained or controlled...entity] as a result of past transactions or events." In the AICPA'S view, the 1 -percent insurance deposit meets this conceptual definition because while...