One of the finest outdoor shopping destinations in the area, our mall is conveniently located off Interstate 5, (exit 202) in Tulalip, Washington, and is approximately 30 minutes north of Seattle and two hours south of Vancouver, BC.
Definition of ruling. : an official or authoritative decision, decree, statement, or interpretation (as by a judge on a point of law)
Take-aways: Accounting decisions are made by organizations and individuals in hierarchies that stretch from the highest seats of government to record keepers. Decisions at higher levels in these hierarchies guide or restrict those at lower levels with varying degrees of latitude. Recognition decisions determine whether and when an item satisfies the definition and recognition criteria for a financial-statement element.