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.
The Christmas season actually lasts 40 days, from Christmas Day until Candlemas, the Feast of the Presentation, on February 2. The 12 days of Christmas refer to the most festive part of the season, from Christmas Day until Epiphany.