Under U.S. GAAP, ASC 205-20 is the primary source of guidance on discontinued operations. Under IFRSs, IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations, is the primary source of guidance on discontinued operations. An entity can classify equity method investments as held for sale under IFRSs but is not permitted to do so under U.S. GAAP.
Summer and Winter Solstice. The summer solstice occurs once a year in December when the Sun's track across the Australian sky reaches its highest point. It is the day that has the most daylight hours of any in the year.The summer solstice usually occurs on 21 December, but can occur between 20 and 22 December.The winter solstice is the day of the year that has the least daylight hours of any in the year and usually occurs on 21 June but can occur between 20 and 22 June.ummer and Winter Solstice. The summer solstice occurs once a year in December when the Sun's track across the Australian sky reaches its highest point. It is the day that has the most daylight hours of any in the year.
Scroll right to see more. December Solstice (Winter Solstice) is on Wednesday, December 21, 2016 at 5:44 AM in New York. This day is 5 hours, 50 minutes shorter than on June Solstice. In most locations north of Equator, the shortest day of the year is around this date. Earliest sunset is on December 7.