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 when due.
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.
