conduit bond obligor

Broad Transactions1

1. 855-10Overall855 Subsequent Events

   ASC 855-10 governs how entities account for and disclose events that occur after the balance sheet date but before the financial statements are issued or available to be issued. Events providing additional evidence about conditions that existed at the balance sheet date are "recognized subsequent events" and must be reflected in the financial statements (855-10-25-1); events reflecting conditions arising only after the balance sheet date are "nonrecognized" and are only disclosed if needed to keep the statements from being misleading (855-10-25-3; 855-10-50-2). It applies to all entities but yields to any other Codification Topic that addresses the same post-balance-sheet event (855-10-15-4).