FAS 35 definition

FAS 35 means Financial Accounting Statement No. 35, “Accounting and Reporting by Defined Benefit Pension Plans” issued by the Financial Accounting Standards Board in March, 1980.
View Source

Examples of FAS 35 in a sentence

  • Seller's financial statements reflect all of Seller's employee benefit liabilities in a manner satisfying the requirements of FAS 35, 87, 88, 112 and 132.

  • The Company's financial statements reflect all of the Company's employee benefit liabilities in a manner satisfying the requirements of FAS 35, 87, 88, 112 and 132.

  • As of November 30, 2002, the market value of assets under the Classified Plan exceeded the present value of liabilities thereunder (determined under FAS 35 by Deloitte and Touche using the interest crediting rate for the funding standard account as described in Section 412(b)(5)(A) of the Code).

Related to FAS 35

  • FAS means Free alongside shipment

  • FASB means the Financial Accounting Standards Board.

  • Gains means, with respect to any Party, an amount equal to the present value of the economic benefit to it, if any (exclusive of Costs), resulting from the termination of a Terminated Transaction, determined by it in a commercially reasonable manner.

  • Book Depreciation means, with respect to any Company asset for each Fiscal Year, the Company’s depreciation, amortization, or other cost recovery deductions determined for federal income tax purposes, except that if the Book Value of an asset differs from its adjusted tax basis at the beginning of such Fiscal Year, Book Depreciation shall be an amount which bears the same ratio to such beginning Book Value as the federal income tax depreciation, amortization, or other cost recovery deduction for such Fiscal Year bears to such beginning adjusted tax basis; provided, that if the adjusted basis for federal income tax purposes of an asset at the beginning of such Fiscal Year is zero and the Book Value of the asset is positive, Book Depreciation shall be determined with reference to such beginning Book Value using any permitted method selected by the Board in accordance with Treasury Regulation Section 1.704-1(b)(2)(iv)(g)(3).

  • Nil Return has the meaning given to it in paragraph 3.3 of Framework Schedule 9 (Management Information);