But the baggage trains stretched out so that the last of Beauharnais' train had not yet got out of Moscow and reached the Kaluga road when the vanguard of Ney's army was already emerging from
the Great Ordynka Street.
Glib generalizations about working conditions, whether emerging from the European Commission or, for that matter, from Millbank Tower or from the Tory Central Office, can now be tested against a critical framework.
What heads of schools of architecture might be interested to observe is that this dissertation, written directly in clear, jargon-free English, is only one of a series of PhD dissertations on similar architectural subjects, carried out with comparable sophistication, now emerging from what has become the most impressive school of architecture I know, either in North America of Europe.
Entities operating under chapter 11 with the expectation of reorganizing as going concerns and entities emerging from chapter 11 pursuant to court-confirmed plans should follow the SOP's guidance in preparing financial statements based on generally accepted accounting principles, either during court proceedings or on emerging from chapter 11.
Conversely, we believe a not-for-profit organization (one not owned by a government unit) would be covered by the SOP when it issues GAAP-based financial statements during a chapter 11 bankruptcy case and when it is emerging from bankruptcy.
For entities emerging from chapter 11 bankruptcy and not meeting the criteria for fresh-start accounting, paragraph 41 of SOP no.
15 applies to entities emerging from chapter 11 that do not qualify for fresh-start reporting, the carrying amount of liabilities compromised by confirmed plans would not be adjusted unless future cash payments designated as either principal or interest were less than the compromised liability's carrying amount.
They contend the gain recognition on debt discharge that occurs in the discounting of liabilities compromised by a confirmed bankruptcy plan may result in the debtor emerging with positive retained earnings, which is an anomalous result for an entity emerging from bankruptcy.
The task force concluded an adjustment to debt not compromised is unnecessary for entities emerging from chapter 11 that do not meet fresh-start reporting requirements.
Some believe debtors emerging from a prepackaged chapter 11 reorganization should be exempt from SOP no.
In fresh-start accounting for entities emerging from chapter 11, reorganization value should be viewed as equivalent to purchase price in a purchase business combination.