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.
In Scandinavia, a festival called Yule and lasting up to twelve days was held in late December and early January. In this time people burnt logs and held parties. These customs have influences how Christmas Day is celebrated today in the United States.The Bible does not give a precise date for the birth of Jesus. It is also unclear when December 25 became associated with the birth of Jesus, although it may have been around two hundred years after his birth.any people in the United States celebrate Christmas Day on December 25. The day celebrates Jesus Christ's birth. It is often combined with customs from pre-Christian winter celebrations.