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The Israeli Sources reported that the Prime Minister, Benjamin Netanyahu, called on the international community to derecognize the Palestinian Unity Government in his opening speech for the weekly meeting with the Minister Council, which includes ministers from Hamas, the terrorist party.
The propensity to derecognize unions may not serve any purpose at all.
GAAP would (1) allow a reporting entity to derecognize financial assets transferred to another entity and (2) require the transferor to consolidate the financial statements of the transferee with its own financial statements.
For example, an entity can derecognize financial assets from its balance sheet when it can demonstrate no continued involvement.
A large union/nonunion differential, the editors argue, could encourage employers to derecognize unions.
ISLAMABAD -- Higher Education Commission (HEC) Friday notified to derecognize a multidisciplinary sciences journal entitled 'Science International.'
In order to derecognize, it must be more likely than not.
Recognizing the tax law's complexity and perceived inconsistency regarding when to recognize, derecognize and measure tax attributes, FASB issued FIN 48 to promote greater consistency of and comparability in reporting income tax assets and liabilities.
The BSP further explained - "said redemptions are expected due to the implementation of the new capital standards under Basel 3 last January 2014, which derecognizes certain debt securities as qualifying capital."
Under the derecognition approach, if the lessor does not retain exposure to the risks and benefits associated with the leased asset, it derecognizes that part of the asset and retains only its residual interest.
"Said redemptions are expected due to the implementation of the new capital standards under Basel 3 beginning this January 2014 which derecognizes certain debt securities as qualifying capital," explained the BSP.
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