EPIC Retirement Plan Services
Randall & Hurley, Inc.
Loren D. Stark Company
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|FASB Tightens Accounting Rules for Loan Guarantees|
Dec. 6, 2002
Excerpt: The Financial Accounting Standards Board issued Interpretation No. 45 to improve disclosure requirements for guarantees.... [C]ompanies must recognize liabilities for the obligations they assume under guarantees at the time they make the guarantees.... Critics say the changes overcompensate for damage done in a few cases.
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