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ATVI » Topics » Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities,This excerpt taken from the ATVI 10-K filed Jun 9, 2006. Accounting
for Transfers and Servicing of Financial Assets and Extinguishments of
Liabilities, with respect to the accounting for separately
recognized servicing assets and servicing liabilities. SFAS No. 156 requires an
entity to recognize a servicing asset or servicing liability each time it
undertakes an obligation to service a financial asset by entering into a
servicing contract in certain situations; requires all separately recognized
servicing assets and servicing liabilities to be initially measured at fair
value, if practicable; permits either the
F-37
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