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.
Old Christmas Day. January 6 or 7. In addition to being the Feast of the Epiphany, January 6 is known as Old Christmas Day. When England and Scotland switched over from the Julian to the Gregorian calendar in 1752, 11 days were dropped to make up for the calendar discrepancy that had accumulated with the use of the Julian calendar.