The three entities
filed formal requests to be removed from the list with the Commerce Department that were approved upon review by the ERC.
are controlled by pension plans that are required to report their investments at fair value.
In general, eligible entities
in existence prior to January 1, 1997, retain the classification they claimed under the former classification regulations subject to certain conditions.
According to the ED, if a legal entity controls one or more other legal entities
, it should prepare financial statements on a consolidated basis.
Now is the time for nonpublic entities
to analyze all tax positions--not only to comply with ASC 740, but a thorough review of all tax positions may lead to the discovery of more advantageous accounting methods.
Sharing profits and losses is also a factor in determining (1) whether an agency relationship exists, (2) whether entities
are partners by estoppel and (3) to the extent sharing profits and losses might also be considered intermingling of funds, whether an alter ego relationship exists.
Some governmental entities
, for example, will pay part or all of the medical insurance cost until the age when Medicare becomes available, currently 65.
Investors should establish their trusts or other entities
at a time when there are no known or foreseeable creditors pursuing their assets.
Where mission-funded organizations have strong incentives for spending all the money allotted to them in order to eliminate the appearance of over funding (and, thus, the risk of future budget cuts), entities
within the NWCF must control their costs to ensure that their customers are not lured away by other, lower-cost options elsewhere.
For hybrid entities
, the entity's books and records control; unlike the rule for branches, interest expense of the domestic owner is not attributed to the hybrid owner.
These companies are referred to in the Act as "Covered Entities
that receive federal funds--known as Title II entities
, which include skilled nursing facilities receiving Medicare and Medicaid, hospitals, colleges, universities, and state and local governments--were required by law to complete a Self-Evaluation and Transition Plan by January 26, 1992, to achieve accessibility and eliminate discriminatory practices.