This week, the Private Company Council (PCC), formed by the Financial Accounting Foundation (FAF) to work with the FASB, announced that it is moving forward in proposing alternatives to the U.S. Generally Accepted Accounting Principles (GAAP) for privately held companies. It has tentatively proposed changing GAAP guidelines to:
The U.S. Supreme Court has issued a single signed opinion since the start of the 2017-2018 term. What's up with that?
The Justice Department supports a lawsuit against the Washington, D.C., subway system over its refusal to run religious ads.
Despite the intangible in its name, the levy applies broadly to income.
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