Status of Statement No. 7

Statement No. 7
Advance Refundings Resulting in Defeasance of Debt


Status

Issued: March 1987

Effective Date:

  • Fiscal periods beginning after December 15, 1986
Affects:

  • Amends NCGAS 1, fn20
  • Amends NCGAS 1, ¶108 and ¶109
  • Amends NCGAI 6, ¶5
  • Amends NCGAI 9, ¶13 and ¶14
Affected by:

  • Paragraph 1 amended by GASBS 34, ¶82 and ¶138
  • Footnote 1 superseded by GASBS 34, ¶64 and ¶66
  • Paragraph 3 amended by GASBS 34, ¶6
  • Paragraph 4 amended by GASBS 86, ¶4
  • Paragraph 7 amended by GASBS 34, ¶82 and ¶138
  • Paragraph 8 amended by GASBS 34, ¶82 and ¶88
  • Paragraph 9 superseded by GASBS 34, ¶82
  • Paragraph 10 amended by GASBS 34, ¶6 and ¶82
  • Paragraph 11 amended by GASBS 34, ¶82 and GASBS 53, ¶24
  • Paragraph 13 amended by GASBS 14, ¶11 and ¶63 and GASBS 34, ¶113
  • Paragraph 14 amended by GASBS 14, ¶62 and GASBS 34, ¶113
Primary Codification Section Reference: D20

Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
GASBIG - GASB Implementation Guides		 NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
AICPA SOP - AICPA Statements of Position
AICPA ASLGU - AICPA Audit Guide (1974)
BFC - Basis For Conclusions

STANDARDS & GUIDANCE

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