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.
This holiday is officially celebrated on 25 December. For most Americans, however, the Christmas season begins the day after Thanksgiving. The entire month of December is filled with holiday celebrations, from community events to family gatherings. Christmas in the United States is a major national holiday.