At the EITF's June 21 meeting, the Task Force discussed the three Issues listed below. This edition of EITF observer provides a synopsis of the meeting.
- Issue 12-B—Not-for-Profit Entities: Contributed Services from an Affiliate
- Issue 12-D—Accounting for Joint and Several Liability for Which the Total Amount of the Obligation is Fixed
Further discussion expected
- Issue 11-A—Parent's Accounting for the Cumulative Translation Adjustment (CTA) upon the Sale or Transfer of a Group of Assets within a Consolidated Foreign Entity That Meets the Definition of a Business