752-2(b) (1) payment obligations
of other entities (i.
Accordingly, the primary objective of a defined-benefit health and welfare plan's financial statements is to provide financial information useful in assessing the plan's present and future ability to pay its benefit obligations
The same rationale that requires the taxpayer to disregard a 2-month period between loans in determining whether an obligation
is outstanding at year-end may also be applied in determining whether an obligation
is outstanding for more than one year for purposes of former Treas.
This effectively "grosses up" the balance sheet to reflect the underfunded pension obligation
without changing the company's net worth.
These terms may remain fixed over the term of the debt obligation
Some governments choose to informally designate a portion of its cash balances toward future payment of the net OPEB obligation
recognized as a liability in its financial statements.
Doctors are under no moral obligation
to donate one of their kidneys to one of their patients, for example.
The generally accepted assumption that environmental cleanup obligations
are "contingent" liabilities is inconsistent with applicable legal principles, recently adopted financial accounting standards and market reality.
A financial instrument that embodies an unconditional obligation
, or a financial instrument other than an outstanding share that embodies a conditional obligation
, that the issuer must or may settle by issuing a variable number of its equity shares, if, at inception, the monetary value of the obligation
is based solely or predominantly on any of the following:
as if it were a badge of professional privilege without undertaking the requisite professional obligations
The main purpose of this article is to argue that society in general, government agencies, private employers, and rehabilitation professionals in particular, have an obligation
to provide equal access to employment opportunities for persons with mental retardation.