Additional investment activity for companies to use their cash

Creating a guarantee of profit

Mitigating risk on the changing value of the asset on which it is based

FASB 144

FASB 201

FASB 123

A tangible asset which is tax deductible in the current year

Temporary differences which will be deductible in future years for tax purposes, creating a positive tax benefit

Permanent differences which can later be deducted

The day the asset is purchased

The day the asset is fully depreciated

The day the asset ceases to be utilized

On the date of declaration

On the date of record

On December 31st of the current year

Accounting entries made on purpose to reduce tax expense

Accounting entries made to reflect accruals

Accounting entries made to cancel out the duplication of accounting impact on the books of two consolidating companies

FASB 144

FASB 201

FASB 123

Weighted average number of shares outstanding for the period

The closing number of shares outstanding

The opening number of shares outstanding

Because it makes the firm look smart for discontinuing an operation

Because it reduces the tax effect if it is reported separately

Because it gives investors and stockholders insight into the impact that the sale of the discontinued operation will have on the company

FASB 201

FASB 144

FASB 99