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To view this page ensure that Adobe Flash Player version 9.0.124 or greater is installed. cAsh AND cAsh equivAleNts The Association considers all highly liquid instruments, which are to be used for current operations and which have an original maturity of three months or less, to be cash and cash equivalents. All other highly liquid instruments, which are to be used for the long-term purposes of the Association, are classified as investments. AccouNts receivABle Accounts receivable consists primarily of amounts due from the sale of exhibit space, sponsorships, advertising, publications, and convention registrations. The allowance method is used to determine the uncollectible amounts. The allowance is based upon prior years’ experience and management’s analysis of sub-sequent collections. iNvestmeNts Equity securities and all debt securities are carried at readily determinable fair market values. Interest, dividends, unrealized and realized gains and losses are included in the combined state-ments of activities. All of the Association’s investments have been identified as Level I in the fair value hierarchy as they have values based on quoted prices in the active markets for identical assets based on the criteria included in Statement of Financial Accounting Standards No. 157 (FAS 157) “Fair Value Measurements.” furNiture AND equipmeNt Furniture and equipment are recorded at cost. The Association capitalizes all expenditures for furniture and equipment over $500. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, ranging from three to seven years. Leasehold improve-ments are amortized using the straight-line method over the shorter of the useful life of the asset or the remaining term of the lease. When assets are sold or otherwise disposed of, the asset and related accumulated depreciation and amortization are removed from the accounts, and any remaining gain or loss is included in operations. Repairs and maintenance are charged to expense when incurred. 中国公务机网 www.gongwuji.com 公务机翻译 www.aviation.cn 本文链接地址：2009 NBAA annual report 2009 NBAA 年度报告(17) |
