If the disregarded entity has a payment obligation for more than one partnership liability, the partnership must allocate net value among the partnership's liabilities
in a reasonable and consistent manner, taking into account their relative priorities.
Amortization method -- Amortize servicing assets or servicing liabilities
in proportion to and over the period of estimated net servicing income or net servicing loss, and assess servicing assets or servicing liabilities
for impairment or increased obligation based on fair value at each reporting date.
This policy made it possible to complete their transaction and indemnify the seller for environmental liabilities
associated with the site.
Standards of Governmental Accounting and Financial Reporting/3-21 Scope and Applicability of This Statement/3-7 Measurement and Recognition of Termination Benefits/8-17 Measurement/9-11 Healthcare-Related Termination Benefits/9 Non-Healthcare-Related Termination Benefits/10-11 Recognition of Termination Benefit Liabilities
and Expense in Accrual Basis Financial Statements/12-15 Recognition of Termination Benefit Liabilities
and Expenditures in Modified Accrual Basis Financial Statements/16 Effects of a Termination Benefit on an Employer's Defined Benefit Pension or Other Postemployment Benefit Obligations/17
Conditional Reserves: Represents the aggregate of various reserves, which are treated as liabilities
If the transferred assets are a type that might have intrinsic liabilities
Many states assess companies not only for outstanding or voided checks, but also for liabilities
that were swept into miscellaneous income or other accounts.
These are invested assets, but at the same time they cover potential liabilities
The Department has advised us that they have identified approximately 100 taxpayers that they strongly believe have outstanding tax liabilities
for unmetered electricity and chilled water.
Furthermore, since section 357(c) does not require the apportionment of the liabilities
that are assumed or taken subject to, multiple properties subject to a single liability can be transferred, resulting in a replication of the basis of the transferred property.
Financial executives throughout the United States, at companies large and small, are beginning to feel more confident about their ability to cope with the awesome technical, legal, managerial and financial problems associated with environmental liabilities