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These excerpts taken from the ALXA 10-K filed Mar 17, 2008. Statement
of Financial Accounting Standard No. 157
In September 2006, the FASB issued SFAS No. 157,
Fair Value Measurements (SFAS 157).
SFAS 157 defines fair value, establishes a framework for
measuring fair value in accordance with generally accepted
accounting principles, and expands disclosures about fair value
measurements. The provisions of SFAS 157 are effective for
financial statements issued for fiscal years beginning after
November 15, 2007, and interim periods within those fiscal
years. Management is currently evaluating the impact of the
provisions of SFAS 157 on its financial position, results
of operations and cash flows but does not believe the impact of
the adoption will be material.
Statement of Financial Accounting Standard No. 157 In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements (SFAS 157). SFAS 157 defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. The provisions of SFAS 157 are effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. Management is currently evaluating the impact of the provisions of SFAS 157 on its financial position, results of operations and cash flows but does not believe the impact of the adoption will be material. | EXCERPTS ON THIS PAGE:
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