Transcription of Exhibit I—Excerpts From Financial Accounting Standards ...
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Exhibit I—Excerpts From Financial Accounting Standards ...
Excerpts From FASB ASC 4501993AU Section 337 BExhibit I Excerpts From Financial AccountingStandards BoardAccounting StandardsCodification450, ContingenciesSource: SAS No. , following excerpts are reprinted with thepermission of the Financial Accounting Standards Board (FASB).OverallOverview and Contingencies Topic establishes Standards of Financial ac-counting and reporting for loss contingencies and gain contingencies, includingstandards for of the uncertainty may confirm any of the follow- acquisition of an reduction of a loss or impairment of an incurrence of a all uncertainties inherent in the Accounting process giverise to are required in Financial statements for manyongoing and recurring activities of an entity.
450-20-50-8. No disclosure about general or unspecified business risks is required by this Subtopic, however, Topic 275 requires disclosure of certain business risks. Losses Arising After the Date of the Financial Statements 450-20-50-9. Disclosure of a loss, or a loss contingency, arising after the date
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