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" ASSETS are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. "
Code of Federal Regulations: Containing a Codification of Documents of ... - Page 484
2002
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The Code of Federal Regulations of the United States of America

Administrative law - 1998 - 670 pages
...letter of credit, issuer of a state-required mechanism, or a state. Environmental Protection Agency Substantial business relationship means the extent...than the retroactive date of the original policy. [S3 FR 43370, Oct. 26. 1968, as amended at 54 PR 47061, Nov. 9, 1969; 58 FR 9050, Feb. 18, 1993] {280.93...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1999 - 660 pages
...to limit the meanings of terms in a way that conflicts with generally accepted accounting practices. Assets means all existing and all probable future...benefits obtained or controlled by a particular entity. Current assets means cash or other assets or resources commonly identified as those which are reasonably...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1987 - 1164 pages
...to limit the meanings of terms in a way that conflicts with generally accepted accounting practices. "Assets" means all existing and all probable future...benefits obtained or controlled by a particular entity. "Current assets" means cash or other assets or resources commonly identified as those which are reasonably...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1984 - 502 pages
...to represent the common meanings of the terms as they are generally used by the business community. "Assets" means all existing and all probable future...benefits obtained or controlled by a particular entity. "Current assets" means cash or other assets or resources commonly identified as those which are reasonably...
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Hazardous Waste Contamination of Water Resources: (Superfund Clean-up Policy ...

United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Investigations and Oversight - Hazardous waste sites - 1985 - 514 pages
...to limit the meanings of terms in a way that conflicts with generally accepted accounting practices. •Assets" means all existing and all probable future...benefits obtained or controlled by a particular entity. •Current assets" means cash or other assets or raaourees commonly identified as those which are natonably...
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SEC and Corporate Audits: Problems with independent audits

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations - Auditors - 1985 - 1008 pages
...Accounting Concepts No. 3, Elements of Financial Statements of Business Enterprises, states: Assets are probable future economic benefits obtained or controlled...particular entity as a result of past transactions or events (paragraph 19). An asset has three essential characteristics: (a) It embodies a probable...
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SEC and Corporate Audits: Hearings Before the Subcommittee on Oversight and ...

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations - Auditors - 1985 - 582 pages
...Financial Statements of Business Enterprises' ("STAC 3"), dated December 1980: Assets are probable9 future economic benefits obtained' or controlled by...particular entity as a result of past transactions or events. [Footnote omitted.] -. .The FASB went on to state three characteristics of an asset in paragraph...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1986 - 1088 pages
...to limit the meanings of terms in a way that conflicts with generally accepted accounting practices. "Assets" means all existing and all probable future...benefits obtained or controlled by a particular entity. "Current assets" means cash or other assets or resources commonly identified as those which are reasonably...
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Extinguishment of the FSLIC's Secondary Reserve Fund and Its ..., Volume 4

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on General Oversight and Investigations - Banks and banking - 1987 - 176 pages
...1.25% of insured deposits. Under generally accepted accounting principles (GAAF) assets are defined as "...probable future economic benefits obtained or...particular entity as a result of past transactions or events." When an asset has been impaired, previously recognized future benefits have been reduced...
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Intermediate Accounting I Essentials

Eldon Bailey - Business & Economics - 2013 - 116 pages
...Owners' equity These equation elements are defined in Concepts Statement No. 6 as follows: Assets are probable future economic benefits obtained or controlled...particular entity as a result of past transactions or events. Examples of assets are cash, accounts receivable, inventory, land, and buildings. Liabilities...
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