NEW YORK, June 30 (Reuters) - A new accounting rule taking effect on Tuesday will add nearly $400 billion of assets and liabilities to Standard & Poor's 500 companies' balance sheets, Credit Suisse First Boston said in a new report.
About $55 billion of assets at Citigroup Inc. and $43.6 billion at General Electric Co. might move onto balance sheets because of changes adopted in January by the Financial Accounting Standards Board (FASB), which sets accounting rules for US ...
Sign in to access
this Article
"New rule to add $400 billion to S&P 500 books-CSFB" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
