To resolve implementation issues, this Statement: 1  Establishes criteria beyond that previously specified in Statement 121 to determine when a long-lived asset is held for sale, including a group of assets and liabilities that represents the unit of accounting for a long-lived asset classified as held for sale.
Christmas Day in Australia. Christmas Day falls on December 25 and is an occasion for Christians to celebrate the birth of Jesus. Many people, even if they are not Christian, give each other gifts, prepare special meals and decorate their homes at this time of year.
What Is Epiphany? Epiphany, also known as Three Kings Day and Twelfth Day, is a Christian holiday commemorated on January 6. It falls on the twelfth day after Christmas, and for some denominations signals the conclusion of the Christmas season. (The 12 days between Christmas and Epiphany are known as the âTwelve Days of Christmas.â)