Those states that are governed by a prince and his servants hold their prince in more consideration, because in all the country there is no one who is recognized as
superior to him, and if they yield obedience to another they do it as to a minister and official, and they do not bear him any particular affection.
One reason for treating memory at this early stage is that it seems to be involved in the fact that images are recognized as
"copies" of past sensible experience.
For example, certain research and development costs that meet the definition of an asset in CON 6--but are currently not recognized as
assets pursuant to FASB statements 141 and 142--are to be valued and recognized.
(21) For example, if the standard for proper reporting of an item on a tax return is "substantial authority" or "reasonable basis," the amount of tax benefit represented by the position should be recognized as
long as the taxpayer can demonstrate that minimum legal level of confidence in its position.
Under the cash surrender value method, when a policy is purchased by a third party, the difference between the acquisition cost and cash surrender value is recognized as
This gain would have been allocated back to B and C, respectively (depending on whose stock was transferred), and such gain would not be recognized as
a result of Sec.
The $27,600 compensation cost is recognized as
expense over the vesting period.
However, gain on such assets will later be recognized as
unrelated business taxable income if the tax-exempt entity disposes of the assets or ceases to use them in an unrelated trade or business activity.
The EITF guidelines distinguish between costs that qualify as exit costs that can be recognized as
liabilities at the date management commits to a plan to exit an activity and those costs that do not and therefore would be recognized as
liabilities when there is an obligation to pay cash or otherwise sacrifice enterprise assets.
Under APB 23, deferred tax liabilities are not required to reflect the impact of future distributions of earnings of foreign subsidiaries, but foreign tax credit carrryovers may not be recognized as
deferred tax assets.
For example, if a stock purchase warrant or an employee stock option is recognized as
equity at the date it is issued or granted, subsequent changes in its value do not affect the issuer's net income.
Any income item that was taken into account properly during the recognition period under the completed-contract method is recognized as
built-in gain to the extent it would have been included in gross income under the percentage-of-completion method before the first day of the recognition period.
The taxpayer recognized as
income in years 1 and 2 amounts recognized on a pro rata basis over the life of the agreement for financial statements and tax.
The potential future tax benefits of both deductible temporary differences and net operating losses would be recognized as
assets unless realization is considered doubtful.
Generally, taxable income will be recognized as
the receivable is collected.