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.
Christmas is celebrated around the world on the 25th of December. It has a number of commonalities with several Pagan holidays but as Yule is still being celebrated (at the Winter Solstice, on or about the 21st of December), I don't see that it has been replaced.